Iconix to Expand Starter Label in South Korea

Iconix Brand Group Inc. has entered into a three-year licensing deal with Sparks Glencoe Korea Co. Ltd., a wholly owned subsidiary of Fila Korea Ltd., to expand its Starter athletic brand in South Korea.
Under the agreement, Sparks Glencoe Korea Co. Ltd. will have the exclusive license to design, manufacture and market Starter and the new Starter Black Label footwear and underwear in South Korea. The new Black Label line will launch at retail later this year.
“Iconix’s new licensing deal for Starter is part of our strategy to grow our brands internationally,” said Bob Galvin, chief executive officer and president of Iconix Brand Group, Inc. “This new partnership reinforces Starter’s strong brand recognition around the world, and we look forward to collaborating with the Sparks Glencoe Korea team to further develop the brand.”
Starter, which was launched in 1971, is one of 30 brands in Iconix Brand Group’s portfolio of consumer brands.

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Florsheim

Iconix Establishes Committee to Review Operations

COOPERATION, ANYONE?:  Iconix Brand Group Inc. and Sports Direct International have reached a cooperation agreement in which the latter can appoint two board members.
Separately, Iconix also will do an operational review of the company’s business. The board members selected by Sports Direct will be part of the committee conducting the internal review.
The two are James Marcus, a current board member, and Justin Barnes of IBSL Consultancy Ltd. The two also agreed that the board will be composed of no more than seven members after the 2018 annual meeting of shareholders.
The meeting won’t be held on Aug. 2 as planned, but will be held this year by Oct. 1. They delay allows the company time to prepare proxy materials containing the full board slate of those standing for election. The two also agreed that in addition to Marcus and Barnes, shareholders will vote on a board slate that includes current executive chairman and interim chief executive officer Peter Cuneo, Drew Cohen, Mark Friedman and Sue Gove.
According to a regulatory filing, Iconix said Sports Direct has agreed to vote all of its shares in favor of the director nominees at the upcoming annual meeting. Sports Direct also has agreed to certain other customary

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