Iconix Brand Group completed the acquisition of the remaining stake in Iconix MENA, Iconix Europe and Iconix SE Asia from GBG International.

Iconix Brand Group, a brand management company and owner of a diversified portfolio of strong global consumer brands, completed the acquisition of the remaining stake in Iconix MENA, Iconix Europe and Iconix SE Asia from GBG International, a firm that specializes in distributing and underwriting medical, life and disability and travel insurance. Financial terms were not disclosed. “We are proud to announce our 100% ownership of Iconix Mena, Iconix Europe, and Iconix SE Asia, maintaining direct ownership will allow Iconix more control over positioning product in the marketplace and more flexibility to focus on digital-led marketing initiatives. We already have solid partners in place, and we are planning on business as usual for our partners while we continue to look to leverage those best-in-class," Bob Galvin, Iconix Brand Group CEO and President.