Announced
Financials
Sources
Tags
Acquisition
Friendly
Single Bidder
fashion
Majority
Hong Kong
Private
Clothing and Accessories
Pending
Domestic
Synopsis
POS Fashion Trading agreed to acquire Lee Cooper China, which engages in brand management, franchising, and wholesale and retail activities in China, from Red Diamond, a wholly-owned Luxembourg-based subsidiary of Iconix, for $16m. The transaction, which is subject to the satisfaction or waiver of customary closing conditions, is expected to complete by the end of March 2021.
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