ThreeSixty Group Inc., backed by AEA Investors LP has bought Sharper Image from Iconix Brand Group Inc. (Nasdaq: ICON) for $100 million. ThreeSixty is the target’s largest licensee and has worked with the brand since 2008. AEA made a majority investment in the buyer in 2015.
ThreeSixty, based in Irvine, California, produces and distributes consumer products to more than 70,000 retail stores. Some of its owned and licensed brands include: FAO Schwarz, Blue Hat Toy, Smithsonian and Animal Planet. Under the Sharper Image license, ThreeSixty makes drones, electronics and home décor. ThreeSixty Bought FAO Schwarz in 2016.