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
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.
Iconix Brand Group, Inc.
Iconix Brand Group, Inc.
SOURCE 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/ /
(ICON ICON TGT)
CO: Iconix Brand Group, Inc.; Target Corporation
ST: New York
IN: FAS REA TEX
SU: CON LIC
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6181 01/07/2009 07:30 EST http://www.prnewswire.com