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.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"