Iconix Announces New Licensing Agreements and Elimination of Contingent Shares Obligation Related to the Mossimo Acquisition
February 13 2007 - 8:00AM
PR Newswire (US)
NEW YORK, Feb. 13 /PRNewswire-FirstCall/ -- Iconix Brand Group,
Inc. (NASDAQ:ICON) ("Iconix" or the "Company"), today announced six
new license agreements for its Badgley Mischka(R), Op(R), London
Fog(R) and Joe Boxer(R) brands. Newly signed Badgley Mischka
licensees include Sequin LLC to manufacture and distribute Costume
Jewelry, Roma Industries LLC for Belts and A.H. Schreiber Co., Inc.
for Swimwear. Badgley Mischka Jewelry and Belts will debut this
upcoming Fall 2007, while Swimwear will launch in Spring 2008. The
collections will complement Badgley Mischka's current categories of
Couture, Platinum Eveningwear, Platinum Sportswear, Footwear,
Handbags and Accessories. License agreements were also signed for
Op, London Fog and Joe Boxer. Paramount will hold the license for
London Fog Cold Weather Accessories including hats, gloves and
scarves in the United States. Internationally, J Corp. will
manufacture and distribute men's and women's Sportswear and
Accessories for Op in Canada and Morel S.A. will hold the license
for men's, women's and children's Joe Boxer Accessories and
Footwear in Panama, Costa Rica, Nicaragua, Honduras, El Salvador,
Guatemala, Belize Colombia, Venezuela, Ecuador and the Caribbean
Islands. Neil Cole, Chairman and CEO of Iconix, stated, "We are
excited to welcome these new partners to our growing network of
licensees and to continue to expand our portfolio outside of the
United States." In other Company news, Iconix announced today that
as a result of its common stock having closed at or above $18.71
per share for each of the twenty consecutive trading days which
ended on February 5, 2007, no additional shares of Iconix common
stock will be issued to former Mossimo stockholders under the
non-transferable contingent share rights issued upon the closing of
the merger in October 2006 of Mossimo, Inc. into a subsidiary of
Iconix. Iconix Brand Group, Inc. (NASDAQ:ICON) owns, licenses and
markets a growing portfolio of consumer brands including CANDIE'S
(R), BONGO (R), BADGLEY MISCHKA (R), JOE BOXER (R), RAMPAGE (R),
MUDD (R), LONDON FOG (R), MOSSIMO (R) and OCEAN PACIFIC (R). The
Company licenses its brands to a network of leading retailers and
manufacturers that touch every major segment of retail distribution
from the luxury market to the mass market in both the U.S. and
around the world. Iconix, through its in-house advertising,
promotion and public relations agency, markets its brands to
continually drive greater consumer awareness and equity. Contact:
Tara Taff Public Relations Manager Iconix Brand Group 212.819.2066
DATASOURCE: Iconix Brand Group, Inc. CONTACT: Tara Taff, Public
Relations Manager, Iconix Brand Group, Inc., +1-212-819-2066 Web
site: http://iconixbrand.com/
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