Women’s Wear Daily
04.19.2014
financial
financial

Iconix Approaches Tommy But Hilfiger Plays It Cool

Iconix Brand Group knocked on J.P. Morgan Chase's door looking to make a bid for Tommy Hilfiger Corp., but got a chilly response.

financial/news

Iconix on Aug. 4 posted second-quarter results that reflect its new focus as a brand management company. For the three months ended June 30, net income was $2.5 million, or 8 cents a diluted share, versus $518,000, or 2 cents, in the same year-ago quarter. Revenues from licensing and commissions jumped 62.4 percent to $4.3 million from $2.6 million. In the year-ago period, the company reported sales of $26 million, a figure that reflects the firm's operations before its transition to a new business model.

The New York-based Iconix is set to hold its annual meeting on Thursday at its offices, 215 West 40th Street.

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