What’s a brand worth? In the case of Iconix Brand Group, not as much as when it stands alone. The company announced Friday that it’s going private in a $45.6 million cash transaction. The deal values Iconix at $585 million including debt.
Authentic Brands Group started out with a similar model but has partnered with mall landlords to buy entire retailers, most recently Eddie Bauer. Last year, it bought Forever 21, Brooks Brothers and Lucky Brand Dungarees out of bankruptcy, and Chief Executive Officer Jamie Salter has said having stores is an important outlet for Authentic’s brands and helps ...
