July 20, 2017 / 12:17 PM / a month ago

BRIEF-Iconix Brand Group acquires ownership of Iconix Canada

July 20 (Reuters) - Iconix Brand Group Inc:

* Iconix Brand Group acquires 100% ownership of Iconix Canada

* Iconix Brand Group Inc - that it has bought back remaining 50% interest in Iconix Canada from its joint venture partner for $19 million

* Iconix Brand Group Inc - ‍separately, Iconix will retain its 51% interest in Buffalo brand.​

* Iconix Brand Group Inc - ‍under terms of agreement, Iconix paid $12 million upon closing​

* Iconix Brand Group Inc - ‍under terms of agreement, Iconix paid $12 million upon closing, with remaining $7 million to be paid over next two years​ Source text for Eikon: Further company coverage:

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