Iconix acquires global lifestyle brand Lee Cooper

 

Global lifestyle brand Lee Cooper has been acquired by Iconix for $72 million in cash. Founded in 1908, Lee Cooper is an iconic British denim brand that has expanded into multiple lifestyle categories including men’s and women’s casual wear, footwear and accessories. Today, Lee Cooper is a pure licensing business with a strong group of 35 international licensees, including Landmark in the Middle East and Future Group in India, that are expected to generate approximately $14 million in annual royalty revenue in 2013. The brand is sold in over 80 countries, predominantly in Europe, Asia and the Middle East and represents approximately $500 million in annual global retail sales.