By  on May 27, 2013

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.

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