![]() "Iconix confirms SEC investigation, shares plunge". "Iconix Acquires North American Rights for Pony". "Strawberry Shortcake is new 'it' girl for Iconix". ^ Atkinson, Claire (February 3, 2015)."Iconix Brand Group Closes Acquisition of Peanuts". ![]() Through its history, Iconix has owned a large portfolio of brands, which include: Current ![]() Iconix agreed to pay a civil penalty of $5.5 million to settle the SEC's claims. In 2019, Cole was again charged with 10 criminal counts, including conspiracy, securities fraud, making false filings with the SEC and conspiracy to destroy records. Neil Cole agreed to pay $75,000 to settle charges without admitting or denying wrongdoing. Federal investigations Īfter investigations in 2003, Neil Cole and Candie's reached an agreement to settle charges of fraudulent accounting practices brought against it by the Securities and Exchange Commission. The next year, the company went private with equity investor Lancer Capital LLC purchasing all outstanding shares and delisting it from Nasdaq. On July 14, 2020, Iconix announced that the company is up for sale. On October 15, 2018, Iconix announced the hiring of Robert Galvin as CEO. The sale was closed on June 30, 2017, giving DHX rights to the Strawberry Shortcake franchise, and more prominently, the 80% majority stake of Peanuts Worldwide. On May 10, 2017, DHX Media announced that it had acquired the Iconix entertainment division for $345 million. In 2017, Iconix sold Badgley Mischka and The Sharper Image. As of July 2020, the suit against the founder and previous CEO, Neil Cole, is still ongoing. The COO, Seth Horowitz, pleaded guilty to the charges, and Iconix agreed to pay a $5.5 million penalty. On December 5, 2019, the SEC charged Iconix and three of its former top executives with fraud. Stock prices fell 24% after Iconix confirmed the investigation. The investigation was triggered by Iconix's 2014 financial statements, after which it received a letter from the SEC. In 2015, several top executives, including founder Neil Cole, resigned following a statement that Iconix was under investigation by the Securities and Exchange Commission. A new subsidiary, with 75% and 25% stakes owned by Iconix and Anthony L&S Athletics respectively, would hold the Pony rights. Also that month, Iconix and Anthony L&S Athletics, LLC acquired intangible assets of Pony along with North American rights to the brand from Symphony Holdings, LLC, with the option to purchase additional markets. In February 2015, Iconix bought the Strawberry Shortcake brand from American Greetings. Iconix paid Buffalo International ULC $76.5 million in cash for a 51% stake in the brand. In February 2013, Iconix acquired control of the Buffalo David Bitton brand in an effort to expand into higher-end brands. In 2013, Iconix acquired Lee Cooper from Sun Capital Partners. The acquisition was completed in December 2012. announced that it had signed with Iconix Brand Group to sell the English brand Umbro for US$225 million. ![]() In 2011, Iconix acquired electronics brand The Sharper Image. Peanuts Worldwide also acquired United Media's licensing arm, which represents licensing for its other properties including Dilbert and Nancy. Schulz Creative Associates jointly acquired all assets related to the Peanuts comic strip from its longtime owner, United Media, using the property to form a new company, Peanuts Worldwide, which is 80% owned by Iconix and 20% owned by Schulz Associates. On October 27, 2009, Iconix paid $109 million for a 51% stake in urban fashion brand Eckō Unltd. On November 15, 2007, Iconix bought the Starter brand from Nike. The company continued with acquisitions in 2007 with the purchase of Cannon, Danskin, Artful Dodger, and Rocawear brands. In 2006, the company acquired the Mudd, London Fog, Mossimo, and Ocean Pacific brands on April 11, August 29, November 1, and November 6, respectively. The Joe Boxer and Rampage brands were acquired on July 22, 2005, and September 15, 2005, respectively. The Badgley Mischka brand was purchased in 2004. The company began as Candie's, Inc., whose brand it purchased in 1993. Its brands are available in such stores as Kohl's, Kmart, Sears, Macy's, Nordstrom, Target and JC Penney. Iconix Brand Group is an American brand management company that licenses brands to retailers and manufacturers primarily in the apparel, footwear, and apparel accessory industries.
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