Iconix Brand Group Inc. said Wednesday that its second-quarter profits grew nearly 70 percent as it agreed to convert its majority stake in the Zoo York brand to full ownership.
The company acquired a 51 percent stake in the Zoo York brand when it took a majority stake in Marc Ecko Enterprises in October 2009. Iconix said that it has agreed to pay $18 million for the remaining 49 percent of Zoo York it doesn’t currently own. Distribution of the brand, licensed to Li & Fung, is focused on midtier retailers such as J.C. Penney Co. Inc. and Kohl’s Corp.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"