New York City Kenneth Cole Productions is said to be in talks with licensing company Iconix Brand Group to sell the shoe and clothing company, according to a late Friday report by Bloomberg.
Iconix is run by Kenneth Cole’s brother Neil Cole.
The timing for a takeover of Kenneth Cole Productions, according to Bloomberg, isn’t clear, and the companies may not reach an agreement.
Iconix owns brands such as Candie’s and London Fog, and licenses them to retailers and manufacturers. In addition to owning the Kenneth Cole brand, Kenneth Cole Productions operates 110 stores in the United States.