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Iconix Acquires The Sharper Image

Iconix Brand Group will acquire The Sharper Image brand and intellectual property assets from Sharper Image Acquisition for approximately $65.6 million in cash. The deal represents Iconix's first acquisition of a hardlines-driven brand.Iconix is the

Iconix is the second largest licensor in the world, according to License! Global’s exclusive Top 125 Global Licensors Report. The brand was purchased from a joint venture led by Hilco Consumer Capital, Gordon Brothers Group, Infinity Lifestyle Brands and Bluestar Alliance.

Sharper Image is a consumer electronics brand with more than 85 percent name recognition, best known for its innovative products. Sharper Image products are sold nationwide at better department and specialty stores and direct to consumer.

This is an exciting acquisition for Iconix," says Neil Cole, chairman and chief executive officer, Iconix Brand Group. "With the addition of the Sharper Image brand, we continue to demonstrate the diversification of our business model and strength of our Company. We always believed that the Iconix platform could be leveraged across numerous industries and this acquisition reinforces that message."

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