Global Icons Buys Majority Stake in Fred Segal

Global Icons acquires a majority stake in fashion retailer Fred Segal from Evolution Media Partners with plans to both expand the chain and move it into licensing, says Global Icons CEO Jeff Lotman. Terms weren’t disclosed; Evolution, which purchased a stake in Fred Segal in 2014, will retain a minority interest. The chain, which will open its ninth location in

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The Entertainer Posts 31% Profit Increase

The Entertainer, riding a sharp increase in its ecommerce business and expansion of its private label Addo brand, reported a 31% profit increase to $19.8 million in the year ended Jan. 28 as revenue rose 21.7% to $310.1 million. The 163-store UK chain’s ecommerce revenue through The ToyShop.com rose 39%. Same-store sales increased 12.3%. Ecommerce accounts for about 20% of

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Executives

Jim Fielding departs as President of Consumer Products and Innovation for  Fox Television Group and Twentieth Century Films following the company’s sale to Disney; continues with  Intersected Stories consulting business… George Sherman, ex-Verizon Wireless retailer Victra, named GameStop CEO, replacing Shane Kim, who has been interim CEO since May… Nancy Golden, ex-Welspun, named SVP Marketing and Brand Management at Triangle Home

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G-III Apparel Forecasts $500-$700 Million in Licensed DKNY/Donna Karan Product Sales

G-III Apparel is forecasting $500-$700 million in annual retail sales of DKNY/Donna Karan licensed products within the next few years, CEO Morris Goldfarb said in releasing Q4 earnings. Since buying the brands in 2016, G-III has moved to expand a licensing program, most recently with agreements with Swarovski (fashion jewelry) and Marchon (eyewear). It also recently added deals in Europe

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Google’s Stadia Is Latest to Target Untethered Streamed Gaming Business

With Google’s unveiling of its Stadia game streaming service at the Game Developers Conference this week, the search engine giant is making a play for a potential new age for gaming, free of dedicated consoles and PCs, but full of competitors. It comes at a time when the videogame business – whether as a platform for properties licensed from other

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Executives

  Robert Marick, ex-Discovery Inc., joins MGM as Executive VP for Global Consumer Products and Experiences, new position… Mark Wilson, ex-Joseph Beth Booksellers, named President of Ripple Junction, replacing Neil Hoynes, who remains CEO… Andrew Pucher, ex-Goldman Sachs, named Chief Corporate Development Officer at cannabis supplier Tilray… Sally Umsted, formerly Disney/Marvel, joins Line Friends Inc. as Head of Licensing, new position…

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Tilray, ABG Cannabis Products Expected by Year-End

Tilray expects to have the first cannabis and cannibidiol (CBD) products based on Authentic Brands Group (ABG) brands in North America by year-end, with expansion to international markets as “regulations permit,” CEO Brendan Kennedy said in releasing Q4 earnings. Under its revenue-sharing agreement with ABG, Tilray will have access to more than 50 brands, with Nine West expected to be

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Social Media Key To Brand Owners Leveraging Properties’ Birthdays

Happy Anniversary! Now what? It seems to many (or at least to us) that this year has brought a larger number than usual of entertainment-based “birthday commemorations, with others waiting in the wings for 2020. It’s difficult to determine whether there indeed are more anniversaries than usual being marketed, or whether ubiquitous social media campaigns that highlight marketing activations are

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Genesco Takes $98 Million Loss on Lids Sale

Genesco Inc. posted a $63.9 million net loss in Q4 ended Feb. 3, reversing a $56 million profit a year earlier as it took a $98 million loss on its sale of the Lids Sports Group. Genesco completed $100 million sale of the 1,116-store mall-based headwear retailer to Ames Watson Capital in February. Ames is combining Lids with the 86-store

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Sony Pictures Consumer Products Secures TV IP Deals

Sony Pictures Consumer Products (SPCP) has secured several deals for Sony-produced TV shows, among the first since taking over licensing for Sony Pictures Television Network (SPTN) last summer. Silver Screen Bottling Co. has signed on to produce “Outlander” scotch whiskey that will ship this fall, while FTX Games is readying a “Breaking Bad: Criminal Elements” mobile title for release in

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