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Business

Mergers & Acquisitions

Beanstalk will now represent the personality rights of legendary icons. The service, formally called Icon Representation, will be led by Martin Cribbs, who has joined the agency as VP Brand Management.

Orchard Street Ventures is a new agency specializing in lifestyle licensing. OSV currently represents Lionsgate, Time Inc. (Food & Wine and Southern Living magazines), and Westinghouse in addition to start-ups like industrial design house Double Double and art consultancy Culture Corps.

Michael Kors acquires Michael Kors (HK) Ltd., the exclusive licensee of the company in China, for $500 million.

Housewares company Fox Run Brands acquires Tops Manufacturing Company Inc.

The Adidas Group has sold its Mitchell & Ness business to a newly formed entity primarily owned by Juggernaut Capital Partners.

Johnson & Johnson will pay $3.3 billion to take over Vogue Intl., which owns hair-care brand OGX, on the heels of aquiring skin-care brand NeoStrata.

Shiseido Americas has acquired the Laura Mercier and ReVive brands for an estimated $260 million.

The joint venture of Gordon Brothers Group, Hilco Merchant Resources and Tiger Capital Group has commenced going-out-of-business sales at all Sports Authority locations after the retailer filed for Chapter 11 bankruptcy. The sales will affect brands including Under Armour, Nike, North Face, Wilson, Adidas, ASICS and Brooks.

C&F Enterprises is adding to its home accessories business with the acquisition of Transpac.

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