Lancer Capital to acquire Iconix Brand Group for $585m.

Lancer Capital, a private equity firm, agreed to acquire Iconix Brand Group, an American brand management company that licenses brands to retailers and manufacturers primarily in the apparel, footwear, and apparel accessory industries, for $585m. "After a thorough and deliberative examination of all potential strategic alternatives, the Board of Directors determined that the transaction with Lancer provides the best value for our stockholders. We expect that Iconix will continue developing its brands and supporting its partners as a private company," Bob Galvin, Iconix CEO.