Iconix Brand Group Inc. racked up a roughly $6 million pretax gain when China Outfitters Holdings Ltd., which sells the London Fog brand in the country, went public in Hong Kong.
The “monetization” is just the first of what Iconix hopes will be a string of cash infusions as it sells off its brands in China, which are held in Iconix China, a venture set up with Silas Chou’s Novel Fashions Holdings. The group has retail partnerships for its Candies, Rampage, Badgley Mischka, Rocawear and Royal Velvet brands in the country, businesses that could ultimately be spun off.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)