Iconix Brand Group seals acquisition of London Fog Brand
29 Aug '06
2 min read
Iconix Brand Group Inc announced that it has closed the acquisition of the London Fog brand from London Fog Group Inc.
The Company previously announced that it was planning on purchasing the brand, pending final approval by the Nevada state bankruptcy court, which was subsequently received.
The Company had also previously announced that it has entered into a license agreement with leading outerwear maker Herman Kay, which will hold the license for men's and women's outerwear and women's suits in the United States.
In addition, the Company has signed a license with leading children's outerwear maker Amerex (USA) Inc, which will hold the license for children's outerwear in the United States.
Neil Cole, Chairman and CEO of the Iconix Brand Group, stated, "We are thrilled to have closed on our purchase of the London Fog brand. With two leading outerwear makers forming the foundation of our licensing program, we are confident will be able to quickly capitalize on the long and rich heritage of London Fog and build it into a lifestyle brand that appeals to a broad range of consumers."
Herman Kay is one of the largest coat companies in the United States and has been in business and family run for over 70 years.
Herman Kay manufacturers and sells coats and outerwear under the labels Michael Kors, Anne Klein, JLO and Jones New York, among others, and is based in New York City and run by Barry and Richard Kay.
Amerex is a leading children's outerwear company that has been in business for nearly 75 years. Amerex manufactures and sells coats and outerwear for children under the labels of Osh Kosh, Mudd, Wrangler and Jones New York.
marketing@alchempro.com
