By  on February 20, 2013

NEW YORK — Iconix Brand Group, which acquired the Lee Cooper denim brand, beat Wall Street’s expectations for the fourth quarter by 3 cents, even though net income fell by 3.9 percent.

Iconix acquired Lee Cooper for $72 million in cash, buying the denim brand from Sun Capital Partners affiliate Sun European Partners. The Lee Cooper brand, which is expected to generate $14 million in royalty income for 2013, has annual global retail sales of $500 million, Iconix said.

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