Reuters – Iconix Buys Lee Cooper Brand

Iconix Brand Group, which licenses shoe and clothing brands to retailers and manufacturers, has acquired British denim label Lee Cooper for $72 million in cash, writes Reuters. The company, owner of brands such as Ed Hardy, Rocawear and Candie’s, said it bought the Lee Cooper brand through its Luxembourg subsidiary — Iconix Luxembourg Holdings Sarl.

Reuters – Iconix Brand Group Inc (ICON.O), which licenses shoe and clothing brands to retailers and manufacturers, said it has acquired British denim label Lee Cooper for $72 million in cash.

The company, owner of brands such as Ed Hardy, Rocawear and Candie’s, said it bought the Lee Cooper brand through its Luxembourg subsidiary — Iconix Luxembourg Holdings Sarl.

Iconix bought the Buffalo David Bitton brand earlier this month to expand into higher-end brands.

(Reporting By Maria Ajit Thomas in Bangalore; Editing by Supriya Kurane)