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.
"I was driving back on Saturday afternoon from the beach, and I just saw this sign saying 'Skydiving for $95.' And I was like, I can't not sky dive for $95," says Tom Bateman about a moment in Hawaii while shooting "Snatched." #wwdeye (📷: @vsteves; Interview by @ktauer; Styled by @thealexbadia)