Sharper Image is Sold
The Sharper Image brand has been sold by the venture that brought it out of bankruptcy three years ago to the Iconix Brand Group. Iconix is known for purchasing established brand names such as Joe Boxer, Candie's and Starter.
"With the addition of the Sharper Image brand, we continue to demonstrate the diversification of our business model and strength of our Company," Iconix CEO Neil Cole said in a statement. "We always believed that the Iconix platform could be leveraged across numerous industries and this acquisition reinforces that message."
Sharper Image closed its retail stores amid its bankruptcy in 2008, and was sold to a consortium of Hilco Consumer Capital, Gordon Brothers Group and Bluestar Alliance, which refocused the company on specialty products.