The agreement was signed between the Swiss fund and MMB Group.
The consensus estimate pegs Q1’s net loss at 70 cents a share, on sales of $651 million.
The company has launched a public relations and influencer monitoring tool dubbed Discover.
The offer’s terms are in line with the French billionaire’s plan announced on April 25.
With organic growth slowing, companies will rely on acquisitions to grow their businesses.
The company has been backed by Tengram Capital Partners since 2013.
The local BID encourages merchants to collaborate on traffic-generating special events.
The company is looking to ramp up its own push in the color-cosmetics category.
Analysts say strategic buyers tend to have difficulty merging specialty retailers.
The company so far has raised $105 million.
Abercrombie said there’s “no assurance” any discussions will lead to a definitive agreement.
Iconix will use the proceeds to pay down debt.