Iconix Grabs Sharper Image From PE Duo For $66M

Law360, New York (October 27, 2011, 5:43 PM EDT) -- Iconix Brand Group Inc. will add consumer electronics giant The Sharper Image to its apparel-focused portfolio of brands, announcing on Thursday a $65.6 million cash agreement with the private equity liquidation firms that bought Sharper Image's intellectual property and inventory during its 2008 bankruptcy.

A joint venture led by liquidators Hilco Consumer Capital LLC and Gordon Brothers Group LLC purchased Sharper Image's IP assets and store inventory for $49 million in 2008, according to bankruptcy court documents. No rationale was given for the sale, and a...
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