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Article Date: June 2017
Word Count: 313

Iconix Updates Turnaround Progress


Iconix management touted its asset-light business model at the Baird conference, but said it has become a much more active manager of the brands it licenses, rather that just renting them out. ICON’s two-pronged turnaround strategy of fixing the balance sheet is making progress, and it has reduced leverage by selling The Sharper Image in 2016 and the entertainment division this spring.

 

ICON is pivoting to an organic growth focus after years of primarily growing through acquisition, and its Active segment, which was up 16% in 2016, is the prime growth driver. Within Active, the Umbro brand is seen as having ... Log in to view full article.

 


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