US-based owner, licensor and marketer of a range of brands Iconix Brand Group Inc. plans to acquire the London Fog brand from outerwear, apparel, footwear, accessories and leathergoods company London Fog Group Inc., subject to certain closing conditions including final approval from the Nevada state bankruptcy court. The acquisition is scheduled to close on August 28.

The purchase price for the transaction will be $30.5 million in cash and $7 million in Iconix stock.