• Iconix Refinances, Takes Trademark Hit

    6 monthes ago - By WWD

    Steep trademark impairment charges pushed Iconix Brand Group Inc. further into the red last year - but the company gained some crucial breathing room with a refinancing.
    The brand management firm's net loss widened to $489.3 million, or $8.66 a share, from $242.1 million, or $4.82, in 2016. The bottom line last year was hit hard by $525.7 million in trademark charges and $103.9 million in goodwill impairment charges.
    (During the last three years combined, the company has written down the value of its trademarks with impairment charges totaling $1.35 billion).
    Licensing revenues for the 12...
    Read more ...