ICON Iconix Brand Group Inc

- Candie's at Kohl's Department Stores - Fieldcrest at Target and Waverly Home Classics at Lowe's NEW YORK, Dec. 7 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. (NASDAQ:ICON), today announced that it has renewed three separate direct-to-retail license agreements for its Candie's®, Fieldcrest® and Waverly® brands. The junior lifestyle brand, Candie's has renewed its exclusive multi-year license agreement with Kohl's Corporation. Under similar terms of the original agreement, Kohl's will continue to distribute Candie's apparel, accessories and lifestyle products in the United States in Kohl's stores and at kohls.com through 2016. Kohl's has held the exclusive Candie's license since 2005. Iconix has also renewed direct-to-retail license agreements for two of its home brands, Fieldcrest and Waverly. Fieldcrest will continue to be sold exclusively at Target Corporation through 2015. Fieldcrest bed and bath products have been licensed exclusively to Target in the U.S. since 2005. Lastly, Lowe's Companies, Inc. will continue to hold the exclusive license for Waverly Home Classics paint. Lowe's has been the exclusive distributor of Waverly Home Classics paint since 2003. The terms of each of these renewals are substantially similar to the terms in each of their original agreements. Neil Cole, Chairman and CEO of Iconix, stated, "We are pleased to announce three exciting retail renewals with Kohl's, Target and Lowe's for our Candie's, Fieldcrest and Waverly brands. These renewals demonstrate the strength of the Iconix brands and their continued importance to our retail partners. Currently, Iconix has 17 direct-to-retail deals with a variety of retailers in the United States and abroad. With these renewals in place, as of January 1, 2010 we will have approximately $600 million in aggregate contractually guaranteed minimum royalties excluding any additional renewals." 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). In addition, Iconix owns an interest in the ARTFUL DODGER (R), ED HARDY (R) and ECKO (R) brands. 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: Jaime Sheinheit 212.730.0030 DATASOURCE: Iconix Brand Group, Inc. CONTACT: Jaime Sheinheit, +1-212-730-0030 Web Site: http://iconixbrand.com/

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