Iconix closes Danskin acquisition
13/03/2007
American consumer brands company Iconix Brand Group, Inc. has completed the acquisition of the Danskin brand. The purchase price for the transaction was $70 million with a contingent payment of an additional $15 million based on the brand exceeding certain revenue and performance targets.
A 125 year-old brand of women's active wear, leg wear, dance wear, yoga apparel and fitness equipment Danskin is anticipated to generate approximately $15 million in royalty revenue in its first twelve months under the Iconix umbrella.
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