IRVINE, Calif., Dec. 30 (UPI) -- The Sharper Image brand was sold for $100 million in cash, new owner ThreeSixty Group Inc. announced Friday.
The Sharper Image, known for gadgets and household luxury goods since it was founded as a catalog company in 1977, grew to include more than 300 retail locations before its 2008 bankruptcy. It emerged as an online retailer and supplier of Sharper Image-branded products to stores like Best Buy and Bed Bath & Beyond. It has been owned since 2011 by Iconix Brand Group, which said it will use the proceeds from the sale to pay down debt.