Neil Cole

Iconix Brand Group reported that its fourth quarter net income rose 23 percent on increased sales. The company also announced it was forming a joint venture with Reliance Brands Limited, a part of the Reliance Industries Group, to expand in India. 

Iconix Brand Group has signed a definitive agreement to acquire The Sharper Image brand and intellectual property assets from Sharper Image for about $65.6 million in cash. This acquisition will mark Iconix Brand's first entry into the rising consumer electronics sector.