Tuesday, April 2, 2013

will procure Canadian well-known clothing brand with the USD 76

Iconix buys Canadian well-known clothing brand Buffalo to control an ownership of a share

the evening of February 4 Peking time news, Iconix Brand Group Inc(ICON) declare on Monday, will procure Canadian well-known clothing brand with the USD 76,500,000 cash Buffalo David is Bitton 51% ownership of a shareses to strengthen the product supply to the high level market.

Buffalo pass plum west general merchandise(M) and Dillard's Inc(DDS) wait department store to sell cowboy to take, and exercise clothing and decoration.

according to trading item, Iconix will acquire Buffalo 51% ownership of a shareses, and will set up a joint venture company with the International of parent company Buffalo ULC set of the brand.

Iconix return whole year each earnings expect from now on ex- USD 1.85-1.95 raises into USD 2-2.10, and expect the revenue from now on ex- USD 395,000,000-405,000,000 to raise into USD 415,000,cheap toms shoes,000-425,000,000.Accept soup Sen the road deeply investigates of the analyst expect on the average the company's whole year each earnings is USD 1.92, the revenue is USD 400,000,000.

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