NEW YORK, Oct. 15 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. (Nasdaq: ICON) today announced that it had reached a settlement with the Antitrust Division of the Department of Justice ("DOJ") relating to its Hart- Scott-Rodino filing for the Rocawear(R) acquisition, which closed on March 30, 2007.

The settlement arises from the DOJ's claims that the company did not fully comply with the filing requirements under Item 4(c) of the Notification and Report Form for Certain Mergers and Acquisitions required to be filed pursuant to the Hart-Scott-Rodino Antitrust Improvements act of 1976, as amended (HSR Act).

As part of the settlement, in which the Company did not admit to any wrongdoing, Iconix has agreed to a payment to the government of $550,000 in full resolution of the matter. The settlement places no restrictions on any future Iconix acquisitions or required Iconix HSR Act filings. The Company elected to settle the matter instead of incurring the expense and the distraction of litigation.

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) and ROCAWEAR(R) as well as OFFICIAL PILLOWTEX LLC, a large portfolio of home brands including four primary brands, CANNON(R), ROYAL VELVET(R), FIELDCREST(R) and CHARISMA(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, with distribution in the U.S. and around the world. Iconix, through its in-house advertising, promotion and public relations agencies, markets its brands to drive greater consumer awareness and equity.

Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Iconix to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Important factors that could cause actual results to differ materially from the results expressed or implied in such forward looking statements include the risk that the notes offering is not timely consummated or is not consummated at all. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in Iconix' Annual Report on Form 10-K for the fiscal year ended December 31, 2006 and the other documents Iconix files with the SEC from time to time. Iconix undertakes no duty to update its forward-looking statements.

    Contact:      David Conn
                  Executive Vice President
                  Iconix Brand Group, Inc.
                  212.730.0030


SOURCE  Iconix Brand Group, Inc.
    -0-                             10/15/2007
    /CONTACT:  David Conn, Executive Vice President, Iconix Brand Group, Inc.,
+1-212-730-0030/
    /Web site:  http://www.iconixbrand.com /
    (ICON)

CO:  Iconix Brand Group, Inc.
ST:  New York
IN:  REA FAS
SU:  LAW

DK-GF
-- NYM177 --
8876 10/15/2007 17:54 EDT http://www.prnewswire.com