NEW YORK, Jan. 21, 2015 /PRNewswire/ -- Marquee Brands LLC announced that, effective immediately, Warren Clamen has joined its board of directors as an independent director. Mr. Clamen will also serve as a special advisor to the company.
Marquee Brands is sponsored by Neuberger Berman Private Equity, a business of Neuberger Berman, one of the world's leading private, employee-owned investment managers. The business seeks to identify, acquire, and manage high quality brands with global opportunities across all consumer segments.
"We are excited to access Warren's experience and insight as we build our company," said Michael DeVirgilio, President of Marquee Brands. "His track record speaks for itself and his reputation in the market is impeccable."
Mr. Clamen was most recently Executive Vice President and Chief Financial Officer of Iconix Brand Group. He joined Iconix to transform the company from a traditional operating company with three brands into the first pure-play brand management company. During his tenure, Iconix acquired 31 iconic consumer brands, its market cap grew from approximately $200 million to over $2 billion and royalty revenue increased from approximately $30 million to $430 million annually.
Mr. Clamen has led numerous equity and capital market transactions totaling close to $3 billion. Prior to joining Iconix, Mr. Clamen was Vice President Finance at Columbia House, which was owned by Blackstone at the time. Prior to that, he was Vice President of Finance for Marvel Entertainment. Mr. Clamen started his career in public accounting, spending almost a decade at a nationally recognized Canadian public accounting firm. He holds his Certified Public Accounting designation both in the U.S. and in Canada.
"To be part of Marquee Brands and this strong management team—with the breadth, resources and relationships of the Neuberger Berman name behind it—is a very exciting opportunity," said Mr. Clamen. "Brands continue to be more relevant to consumers and retailers, putting Marquee into position to take advantage of this marketplace."
"Warren's financial and strategic experience in brand acquisition and management is unparalleled in this industry. His perspective and guidance will add greatly to our Board," said Cory M. Baker, Chief Operating Officer. "We appreciate his willingness to serve as a director and I'm personally looking forward to working with Warren again."
About Marquee Brands
Marquee Brands is a brand acquisition, licensing and development company. Operating in conjunction with Neuberger Berman Private Equity, a business of Neuberger Berman, one of the world's leading employee-owned investment managers, Marquee Brands targets high quality brands with strong consumer awareness and long term growth potential. Marquee Brands seeks to identify brands in various consumer product segments with the goal of expanding their reach across retail channel, geography and product category while preserving the brand heritage and enhancing the ultimate consumer experience. Through its global team of professionals and partners, Marquee Brands monitors trends and markets in order to grow brands in partnership with retailers, licensees and manufacturers through engaging, impactful marketing and strategic planning. www.marqueebrands.com
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 18 countries, Neuberger Berman's team is more than 2,100 professionals and the company was named by Pensions & Investments as a 2013 and 2014 Best Place to Work in Money Management. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $250 billion in client assets as of December 31, 2014. For more information, please visit our website at www.nb.com.
Media Contact: Alex Samuelson, 212 476 5392, [email protected]
SOURCE Neuberger Berman