Iconix Brand Group, Inc. (ICON) said it completed the acquisition of a 51% controlling interest in the Ecko portfolio of brands through a newly formed joint venture company, IP Holdings Unltd LLC. The Ecko portfolio includes Ecko Unlimited, Marc Ecko, the Rhino logo, and Zoo York, which in the aggregate represent over $1 billion of annual global retail sales. Iconix paid $63.5 million in cash, and the joint venture obtained $90 million of financing. Iconix's effective purchase price for it's 51% interest in the joint venture was approximately $109 million.
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December 26, 2025 08:42 ET Third quarter economic growth data from some major economies including the U.S. were the main news in this holiday shortened week. GDP growth and industrial production data from the U.S. helped to boost morale, while the consumer confidence survey results were less upbeat. In Europe, the quarterly economic growth data from the U.K. drew attention, while the minutes of the Australian central bank’s latest policy session was in focus in Asia.