Iconix said it has held talks with Sports Direct, who is “effectively seeking control of the company without paying a control premium.”
Nine subpoenas resulted in nearly 11,000 pages of documentation connected to the Iconix-Rocawear deal.
At this point in time, the SEC is just seeking information regarding the Rocawear-Iconix deal.
The company also expects to save $12 million annually per a cost-savings initiative.
The 22-year-old “Empire” actress follows in Rita Ora, Georgia May Jagger and Zendaya’s footsteps. She also has an album coming out in May.
Cuneo’s new role is effective immediately.
The partnership includes JoJo Freestyle by Danskin for Target, which launches today, and JoJo by Danskin, which launches at Kohl’s in the spring.