Iconix Brand Group Inc. said Friday that it bought the remaining 49 percent of IP Holdings Unltd LLC, parent company of Ecko Unltd., Marc Ecko Cut & Sew and related trademarks.
Iconix, which already owned 51 percent of IPHU, said it paid $45 million in cash for the remaining equity. As part of the transaction, the sellers no longer have any obligations under a $52 million note payable by the business.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)