Chris Katje
Research analyst, growth, value, IPOs

Iconix Brand Group Stock Is In For A Boost With Elvis Presley And Muhammad Ali

I have written several articles about Iconix Brand Group (NASDAQ:ICON) and its portfolio of brands. Iconix licenses out its brands and receives payments for the use of the names. This business model cuts out Iconix need to manufacture merchandise or hold inventory in warehouses across the country. The company continues to grow through acquisitions and joint ventures. One new acquisition could be coming and will provide shareholders with continued gains.

According to the New York Post, Iconix is one of several first round bidders for assets from Core Media Group. Apollo Global Management (NYSE:APO), which bought Core Media Group, is selling its stakes in Elvis Presley Entertainment and Muhammad Ali Entertainment. Iconix joins bidders Sony...

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