By  on May 10, 2017
Jenna Dewan Tatum behind the scenes at Danskin's fall 2016 ad campaign shoot in Los Angeles.

Iconix Brand Group said it has signed a deal to sell its interest in the Peanuts and Strawberry Shortcake brands to DHX Media Ltd. for $345 million in cash.

The transaction is subject to a customary working capital adjustment. The deal is expected to close by the end of the second quarter. The company said going forward, the entertainment segment will be reported as a discontinued operation. Iconix also said it expects that the elimination of earnings from the entertainment segment will be offset by interest savings from the reduction of debt.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus