Feb 4 Iconix Brand Group Inc, known for
its Candie's, Danskin and Waverly brands, said it took control
of the Buffalo David Bitton brand from Buffalo International ULC
for $76.5 million in cash.
Buffalo sells denim, sportswear, activewear and accessories
through department stores including Macy's Inc and
Under the deal, Iconix took a 51 percent stake in the brand
and formed a joint venture with Buffalo International, which
will be the core licensee for the joint venture.
The company also raised its full-year revenue and earnings
per share forecast. It now expects to earn between $2.00 and
$2.10 per share, up from $1.85 to $1.95 per share.
Iconix expects revenue of between $415 million and $425
million, up from $395 million to $405 million.