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American brand management company Iconix Brand Group has sold the Starter China business for US$16 million to an unnamed local investor. The Starter divestment is the second Chinese transaction by the US company this year following an agreement reached in…
Iconix Brand Group has bought the 50 per cent stake in its China joint venture from partner Novel Fashion Brands. Iconix paid Novel’s owners, the Chou family, $56.4 million for the share, of which $40.4 million was paid in cash and $16 million was paid in the…
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