Neil&Nbsp, Cole'S Iconix Joint Venture Plans To Go Public.

The company's chairman, Cole, said that 27 of the company's brands are now being produced in China's joint venture.

Iconix China was founded in 2008, the collaborator Silas Chou.

Now, 5 of the 27 brands have established retail businesses in China, namely, Rampage, London Fog, Rocawear, Badgley Mischka and recently launched Candie s.

At present, Iconix has more than 100 branches in China, and plans to open 1000 stores.

In the joint venture, Iconix obtained 20% to 30% of its shares and 10% to 20% of the private equity investment company, and the remaining shares were obtained by the entrepreneur in charge of the store.

Within three to five years, the company will open its business.

Eric Beder, stock analyst at Murray Carret securities, USA, said China still belongs to the company's external business.

"The income of China's joint venture is not included in the profit and loss statement of the head office, because Iconix has little control over the joint venture and has little share.

But we believe that the listing of its joint venture partners will be beneficial to the listing of other Iconix branches. "

Eric Beder said that the funds raised through IPO will further expand the current Iconix business and facilitate the acquisition of more brands.

At the same time, Iconix has nearly $65 million in cash. In the two quarter of the Wall Street conference call, Iconix has many potential investors.

There are also many different banks competing for the opportunity to cooperate with Iconix.

Iconix's second quarter profit increased by 27.2%, and its revenue also increased significantly.

The Brand Company has a net profit of $24 million 500 thousand and a profit of 36 cents a share, which is better than the analyst's original forecast.

Revenue rose 34.8% to $76 million in the first quarter of June 30th.