Iconix Brand Group Inc. plans to offer, subject to market conditions, a $325 million aggregate principal amount of convertible senior subordinated notes due in 2018 in a private offering to institutional buyers.
Iconix said it expects to use the net proceeds from the offering in part to fund the repurchase of up to $75 million of its common stock in privately negotiated transactions, as well as for general corporate purposes that could include investing in or acquiring new brands.
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)