NEW YORK — Making acquisition news for the second time this month, Iconix Brands Group said last week that it will acquire the Starter label from Nike Inc. for $60 million in cash.
The deal is expected to close next month. Iconix said it predicts royalty revenue from the Starter brand of roughly $18 million globally in 2008. The news follows last week’s announcement that Iconix and Shawn “Jay-Z” Carter, through the joint venture Scion LLC, purchased the streetwear brand Artful Dodger for $15 million.
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