Iconix Brand Group, Inc. Announces Renewal of Mossimo Contract with Target
January 07 2009 - 7:30AM
PR Newswire (US)
NEW YORK, Jan. 7 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc.
(NASDAQ:ICON), today announced that Target Corporation (NYSE:TGT)
has renewed its direct-to-retail license agreement for Iconix's
Mossimo brand through January 31, 2012. Mossimo has been licensed
exclusively to Target in the U.S. since 2000. Neil Cole, Chairman
and CEO of Iconix Brand Group, Inc., commented, "Target is a great
partner and has helped grow Mossimo into one of the largest apparel
brands in the Unites States. We look forward to continuing this
relationship." About Iconix Brand Group, Inc: 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), DANSKIN(R), ROCA WEAR(R), CANNON(R),
ROYAL VELVET(R), FIELDCREST(R), CHARISMA(R), STARTER(R) and
WAVERLY(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.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995. The statements that are not historical facts
contained in this press release are forward looking statements that
involve a number of known and unknown risks, uncertainties and
other factors, all of which are difficult or impossible to predict
and many of which are beyond the control of the Company, which may
cause the actual results, performance or achievements of the
Company to be materially different from any future results,
performance or achievements expressed or implied by such forward
looking statements. Such factors include, but are not limited to,
uncertainty regarding the results of the Company's acquisition of
additional licenses, continued market acceptance of current
products and the ability to successfully develop and market new
products particularly in light of rapidly changing fashion trends,
the impact of supply and manufacturing constraints or difficulties
relating to the Company's licensees' dependence on foreign
manufacturers and suppliers, uncertainties relating to customer
plans and commitments, the ability of licensees to successfully
market and sell branded products, competition, uncertainties
relating to economic conditions in the markets in which the Company
operates, the ability to hire and retain key personnel, the ability
to obtain capital if required, the risks of litigation and
regulatory proceedings, the risks of uncertainty of trademark
protection, the uncertainty of marketing and licensing acquired
trademarks and other risks detailed in the Company's SEC filings.
The words "believe," "anticipate," "expect," "confident," "will,"
"project," "provide," "guidance" and similar expressions identify
forward-looking statements. Readers are cautioned not to place
undue reliance on these forward looking statements, which speak
only as of the date the statement was made. Contact: Jaime
Sheinheit Investor Relations Iconix Brand Group, Inc. 212.730.0030
Tara Levy Public Relations Iconix Brand Group, Inc. 212.730.0030
DATASOURCE: Iconix Brand Group, Inc. CONTACT: Jaime Sheinheit,
Investor Relations or Tara Levy, Public Relations, both for Iconix
Brand Group, Inc., +1-212-730-0030 Web Site:
http://iconixbrand.com/
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