By  on April 3, 2006

Iconix Brand Group Inc. on Monday said it has signed two definitive agreements to acquire Mossimo Inc. and the Mudd trademark.

The purchase price for Mossimo is about $119 million, and for Mudd $88 million, the company said. Mossimo expected to generate between $20 million to $25 million in 2007 royalty revenue, while the Mudd brand is expected to generate between $18 million and $20 million in 2007 royalty income.

Once the deals close - Mudd in April 2006 and Mossimo in July - Iconix will have under its umbrella the Candies, Joe Boxer, Rampage, Mossimo and Mudd brands.

For complete coverage, see tomorrow's WWD.

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