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Article Date: November 2020
Word Count: 152

Iconix Nets Big Gain from Trademark Sales


The licensing company benefitted from a $74.1 million gain from the sale of its interest in Umbro China ($59.6 million) and Starter China ($14.5 million), sending Q3 into the black with a profit of $45,726,000 against a loss of $35,708,000 last year. Licensing revenue was down 31% to $24,462,000 from $35,471,000, impacted by the effects of the Covid-19 pandemic. Women’s slipped 43% due to the Mudd and Joe Boxer brands, men’s decreased 28% on lower revenue ... Log in to view full article.

 


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