the same folks who own LONDON FOG & DANSKIN, now own ZOO YORK....
whoops there goes...
from Shop-Eat-Surf...
Iconix, owner of Mossimo, Ocean Pacific, Roca Wear and a host of other brands, said this morning it will acquire a controlling interest in Ecko Brands, which include Zoo York, a popular line with skateboarders.
Iconix said the brands are a good candidate for Iconix's direct retail model, though the company did not say what type of distribution channel it is considering.
Iconix has formed partnerships with several retailers that sell its brands exclusively. Op is now sold at Wal-Mart stores, and Mossimo is at Target, for example.
Iconix will pay $63.5 million in cash, and the newly formed joint venture between Iconix and Ecko will receive $90 million in financing at a 7.5% interest rate. Iconix said its total purchase price for the acquisition is $109 million. Iconix will own 51 percent of the joint venture.
Iconix CEO Neil Cole said in a press release that the purchase price was favorable for Iconix.
"Iconix and our shareholders will benefit from this accretive transaction as we are acquiring a strong portfolio of consumer brands at an attractive multiple," he said.
Ecko operates under a licensing model, and the new joint venture is expected to generate $42 million to $44 million in annual net royalty revenue, with Iconix share totaling about $26 million annually.
Other brands Iconix owns include Candie's, Bongo, Badgley Mischka, Joe Boxer, Rampage, Mudd, London Fog and Danskin.
Re: the same folks who own LONDON FOG & DANSKIN, now own ZOO YORK....
ummm.... looks like I'm not wearing zoo york anymore.
When will skate companies stop selling out?
In fact when will American companies stop selling out in general.
I understand the value of the dollar very well but I also understand the concept of pride and honer in something you develope and own! No wonder our economy is ####. We buy more then we make anymore.
Everytime I see something like this it pisses me off so bad!
__________________
"I am not discouraged, because every wrong attempt discarded, is another step forward."
- Thomas Alva Edison-
Re: the same folks who own LONDON FOG & DANSKIN, now own ZOO YORK....
the most ironic thing of all?
go to Wikipedia and find out the roots of Zoo York...the founder and originator is probably rolling in his grave....check it:
Zoo York is a style and social philosophy inspired by the New York City graffiti art subculture of the 1970s. Its name originates from a subway tunnel running underneath the area of the Central Park Zoo. This tunnel, called the Zoo York Tunnel, or simply "Zoo York," was a haunt of very early "old school" graffiti writers who hung out with the hippies around the Central Park Bandshell in the late-1960s and 1970s.
A cynical social observer with a quick wit, ALI coined the term "Zoo York" to describe the absurdity displayed in the attitudes and actions of New Yorkers during what he called the "Sick Seventies" -- particularly as exemplified by what he saw at the Central Park subway tunnel site late at night. The tunnel's naming occurred when a crew of graffiti artists calling themselves The Underground (UND) gathered at the site late one autumn night in 1971. Several of them, ALI, FINE, KITE (aka CRUNCH) and ACEY (aka SIE-1), had just attended a showing of a new musical-comedy review called National Lampoon's Lemmings at the Village Gate downtown. The show (which starred future comic notables John Belushi, Chevy Chase and Christopher Guest) lampooned the Woodstock Festival, which had taken place upstate two years earlier -- calling it "Woodchuck" and equating the entire hippie generation with lemmings bent on self-destruction. The crew of teenagers made similar comparisons between themselves and the unfortunate beasts incarcerated in the nearby city zoo.
The idea behind "Zoo York" stems solely from the absurdist social humor of ALI.[citation needed] However, numerous entities put the "bite" on ALI's style following his death, spawning a variety of commercial enterprises vying to cash in on the catchy name which ALI alone devised in 1971. In 1993 the skateboarding company "Zoo York" was founded. It would go on to be one of the more relevant east coast companies (as many of the companies and skate industry in general were at the time based in California). Later it was sold to Ecko Ltd and recently expanded into clothing and footwear. They also have a Berrics United nations coming sometime next month.
from Wikipedia…
Idea And Skaters
The idea behind “Zoo York” stems solely from the absurdist social humor of ALI.[citation needed] However, numerous entities put the “bite” on ALI’s style following his death, spawning a variety of commercial enterprises vying to cash in on the catchy name which ALI alone devised in 1971. In 1993 the skateboarding company “Zoo York” was founded. It would go on to be one of the more relevant east coast companies (as many of the companies and skate industry in general were at the time based in California). Later it was sold to Ecko Ltd and recently expanded into clothing and footwear. They also have a Berrics United nations coming sometime next month.
ALI was the graffiti name of artist and musician Marc André Edmonds, also known as J. Walter Negro, “The Playin’ Brown Rapper.” As ALI, he is best known as the founder of ‘Soul Artists’ and originator of the cult of Zoo York. As “alter-ego” J. Walter Negro (a cynical take-off on the arch-commercialist J. Walter Thompson advertising agency), he is remembered as the lead singer/songwriter of the proto-hip-hop-rap group ‘J. Walter Negro and the Loose Jointz’, who had some success with their 1981 release “Shoot the Pump”.
the same folks who own LONDON FOG & DANSKIN, now own ZOO YORK....
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