ICON Iconix Brand Group Inc

NEW YORK, Nov. 6 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. (NASDAQ:ICON) ("Iconix" or the "Company"), today announced it has entered into four separate license agreements for its London Fog(R), Rampage(R), Op(R), Joe Boxer(R) and Danskin(R) brands and is expanding its license agreement for Mossimo(R) in Australia. The Company has entered into an agreement with New Foundations, a Beijing, China-based real estate development and retail company granting them a master license for London Fog for all of mainland China. New Foundations will hold an exclusive multi-year license agreement to manufacture and distribute London Fog apparel, accessories and lifestyle products in China and plans to open a network of over 100 London Fog stores and shop-in-shops across China including a handful of larger flagship stores in Beijing and Shanghai over the next five years. Iconix will work with New Foundations to develop the marketing strategy for the China market. The second agreement is with Mint Apparel for a long-term master license agreement for Op apparel, accessories and lifestyle products in Europe. Mint Apparel will distribute the brand through specialty stores, surf shops and department stores in Europe. The Company has also entered into an exclusive long-term license with The Style Company to open stand alone retail stores for Rampage, Op and Joe Boxer in the Middle East. The Style Company plans on rolling out a total of 35 retail stores over the next five years across the region including fourteen Op, fourteen Joe Boxer and seven Rampage shops. Additionally, the Company has entered into a license agreement with Grupo Zipora to manufacture and distribute Danskin in Mexico. Danskin will be distributed in Mexico through a dual brand strategy similar to the brand structure in the U.S., with Danskin product distributed to specialty stores and department stores and Danskin Now distributed exclusively through WalMart Mexico. Lastly, the Company has also expanded the Mossimo Australia license with Port Melbourne-based Pacific Brands Limited. Pacific Brands plans to open ten free-standing Mossimo stores throughout Australia in the next few years. Neil Cole, Chairman and CEO of Iconix, stated, "Iconix is committed to exporting our portfolio of brands around the world and these new agreements represent an exciting step forward in this initiative. Each of our new licensees will be dedicating significant resources to expanding the Iconix's stable of brands worldwide and we look forward to working with each one of them. China is the fastest growing market in the world and we are excited to announce our first license agreement in that market with such a powerful partner as New Foundations. New Foundations' position in the Chinese Real Estate market will enable them to quickly develop a retail network for our brand across China." 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), OCEAN PACIFIC (R), OP (R), DANSKIN (R), ROCA WEAR(R), CANNON (R), ROYAL VELVET (R), FIELDCREST (R) and CHARISMA (R). The Company licenses it 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. Media Contact: Tara Levy Public Relations Manager Iconix Brand Group, Inc. 212-730-0030 DATASOURCE: Iconix Brand Group Inc. CONTACT: Tara Levy, Public Relations Manager of Iconix Brand Group, Inc., +1-212-730-0030 Web site: http://iconixbrand.com/

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