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Pic: Iconix Brand/ Candie's
Iconix Brand Group, a US-based premier brand management company, reported 31 per cent revenue decline to $24.5 million in its third quarter (Q3) fiscal 2020 ended on September 30, compared to revenue of $35.5 million in same period last year. However, company’s net income rose to $46.7 million compared to net loss of $34.2 million in Q3 FY19.
“As we continue to navigate through the pandemic and the resulting economic conditions, the well-being of our employees, licensees and communities remains at the forefront. Despite Covid-19, we continued to expand our business, including a successful launch of Umbro products in Walmart,” Bob Galvin, CEO at Iconix Brand, said in a press release.