×
249
Fashion Jobs
LUPIN
Opportunity For Area Manager - Mass Marketing - Lupin Ltd
Permanent · Pune
SOBHA
Manager - Sales at Sobha Nesara, Kothrud - Pune
Permanent · Pune
MIDAS HYGIENE INDUSTRIES PRIVATE LIMITED
Area Sales Manager - Punjab
Permanent · Jalandhar
PETPOOJA
Area Sales Manager || Software Sales (Pos) || Petpooja
Permanent · Navi Mumbai
FLEETX
Assistant Area Sales Manager/ Area Sales Manager
Permanent · Haldia
FLEETX
Area Sales Manager
Permanent · Tirunelveli
MINIVEL SERVICES
Area Sales Manager - Insurance Company
Permanent · Bengaluru
POLYCAB
Area Sales Manager
Permanent · Chennai
ACME SERVICES PRIVATE LIMITED
Purchase Manager For a Leading Textile Brand
Permanent · Mumbai
SBFC FINANCE
Area Sales Manager And Sales Manager- Loan Against Property
Permanent · Ahmedabad
BUSY INFOTECH
Area Sales Manager - Amritsar / Ambala / Shimla
Permanent · Ambala
GRAND CHEMICAL WORKS
Area Sales Manager- Lucknow (gt Fmcg)
Permanent · Lucknow
GRAND CHEMICAL WORKS
Area Sales Manager - Jaipur (gt)
Permanent · Kota
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
SURYA FOOD AGRO LTD
Production Manager
Permanent · Greater Noida
SHYAM STEEL INDUSTRIES
Require Area Sales Manager For Different Locations at Bihar
Permanent · Madhepura
PINKODE REALTY LLP
Hiring For Asm/Sales Managers
Permanent · Mumbai
FRQ BRO
Area Sales Manager - Oppo
Permanent · Pudukkottai
FLEETX
Area Sales Manager
Permanent · Tirunelveli
TEACHMINT
Area Business Manager
Permanent · Hubballi
MTC BUSINESS
Production Manager | Khopoli
Permanent · Khopoli
Published
Apr 28, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Iconix recent acquisitions pump up sales

Published
Apr 28, 2013

The Iconix Brand Group calls the results for its first quarter ending March 31 as "historic." The American licensing specialist, owner of brands such as Zoo York, Material Girl and Danskin, posted a rise of 19% in sales, nearly 105 million dollars. Its EBITDA rose from 56.8 to 64.6 million dollars with a margin of approximately 61.5%. Net income increased by 13% for a total of 36.2 million dollars.

A joint project between Umbro and FootLocker


However, this spike must be understood in the context of recent acquisitions made by the group. In the last quarter, Iconix added Umbro, the Canadian brand Buffalo and Lee Cooper to its portfolio. "Most of the growth comes from these acquisitions," admitted Neil Cole, CEO and President of the group’s Board of Directors, at the public presentation of these results. "Given the difficult economic environment, cumulative sales of other brands are similar to that of the same period last year." The CEO also noted that in 2013, thanks in part to its acquisitions, it expects 33% of its turnover to come from abroad, compared to 24% in 2012.

The group also has plans for its new brands. While Neil Cole did not dwell much on projects and the network for Lee Cooper, he mentioned that Buffalo would be offering new product categories, such as a girls’ clothing line.

For Umbro, the executive explained that the teams are working to build out Umbro with an eye toward the 2014 World Cup and 2016 Olympic Games in Brazil. Umbro, a soccer sportswear and equipment manufacturer, intends to expand its presence in the U.S. through the Dick's store network. Cole said the move was important "because Dick’s has the on-the-pitch functional product….We are going to do some basic apparel type and other types of distribution which we hope to launch in spring of 2014 along with the World Cup."

Essentially the group is more focused on the international market. It just signed an agreement for the development of Material Girl stores in China in a commercial park of some 600 stores as well as corners, which will open over the next five years. Iconix also intends to develop its joint venture model. The CEO mentioned negotiations with Canada, Australia and Israel.

In 2013, the group is aiming for sales between 425 and 435 million dollars and an EBITDA at 56% of turnover.

Copyright © 2022 FashionNetwork.com All rights reserved.