Iconix buys Lee Cooper brand for $72 mln

Wed Feb 20, 2013 6:13am EST

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Feb 20 (Reuters) - Iconix Brand Group Inc, which licenses shoe and clothing brands to retailers and manufacturers, said it has acquired British denim label Lee Cooper for $72 million in cash.

The company, owner of brands such as Ed Hardy, Rocawear and Candie's, said it bought the Lee Cooper brand through its Luxembourg subsidiary -- Iconix Luxembourg Holdings Sarl.

Iconix bought the Buffalo David Bitton brand earlier this month to expand into higher-end brands.

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