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Snoopy you can’t buy happiniess but you can listen to the rolling stones and it’s almost the same thing shirt
Brand management company Iconix Brand Group Inc is exploring a sale of its majority stake in Peanuts Snoopy you can’t buy happiniess but you can listen to the rolling stones and it’s almost the same thing shirt Worldwide LLC, which owns the rights to cartoon strip characters Snoopy and Charlie Brown, according to sources. The move sent shares of Iconix up more than 5 percent. It comes three months after insurance company MetLife Inc dropped the Peanuts characters it had been using as mascots for more than 30 years – a blow to debt-burdened Iconix.
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The characters, which include Lucy, Peppermint Patty and Pigpen, have attracted the interest of Chinese companies as well as other investors keen to snap up U.S. media and licensing assets, the people said this week. Besides Peanuts, Iconix is also looking to sell its Strawberry Shortcake brand, which is based on a character that rose to fame in the 1980s as a doll for young girls. The sources asked not to be identified because confidentiality of the deal.
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