Iconix Brand Group Inc. has completed the acquisition of the brand Starter. The purchase price for the transaction was $60 million in cash.

Founded in 1971, Starter pioneered the league licensed apparel business and is currently licensed to several manufacturer/wholesalers selling primarily to Wal-Mart in the United States, Canada, and Mexico. Iconix is forecasting 2008 royalty revenue from Starter of approximately $18 million worldwide.