“We are pleased about closing on our sixth brand, Mudd, and believe that it will be a very strong contributor to our earnings for many years to come," he added.
The company is reaffirming its previously stated full year 2006 guidance of $0.75 to $0.80 per fully diluted share.
Iconix Brand Group Inc owns, licenses and markets a growing portfolio of consumer brands including Candies, Bongo, Badgley Mischka, Joe Boxer, Rampage and Mudd. The company's brands touch every major segment of retail distribution from the luxury market to the mass market.