Deals
Iconix Brand Weighs Strategic Options Including Potential Sale
- Board grants permission to consider mergers, new financing
- Company has been selling assets to raise cash amid pandemic
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Iconix Brand Group Inc. is considering selling itself or combining with another company as the firm broadens its search for a financial lifeline.
The brand-licensing company said in a news release Monday that its board authorized management and its advisers to study options including a sale, merger, debt and equity financings, or other alternatives to keep the firm afloat.