Company Partners with Titan Industries

NEW YORK, March 6 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. (Nasdaq: ICON) (the "Company" or 'Iconix") announced today that it has entered into a license agreement with Titan Industries, Inc. to design, manufacture and distribute footwear for its Badgley Mischka(R) brand.

The Badgley Mischka Couture footwear collection will initially launch with 40-50 styles of evening shoes, sandals and boots and is planned to be available this Fall/Holiday at high end department and specialty stores that currently carry the Badgley Mischka brand such as Bergdorf Goodman, Saks Fifth Avenue, Neiman Marcus and Nordstrom.

The Bridal collection will launch with 20 styles for Spring 2007 with a similar distribution profile. Both collections will range in retail primarily from $250-$500 with select Couture styles retailing up to $1,000. The Couture and Bridal collections will be followed by bridge evening and day collections within the next few seasons, which will retail at strategic price points and be available at a broader distribution, echoing the strategies for the apparel collections.

Mark Badgley and James Mischka stated, "We are very excited to present our new footwear collections with Titan Industries as our partner and are excited about the growth potential of both the Couture and the Bridal collections. Our customers have been clamoring for gorgeous evening and cocktail shoes, and we are looking forward to addressing our substantial bridal following and offering a fantastic collection for brides-to-be. Titan's sourcing and manufacturing capabilities will let us expand the scope and quality of our footwear collections and their sales and distribution abilities will give them tremendous exposure."

Commenting on the partnership, Neil Cole, CEO of Iconix stated, "Titan is a leader in the industry and they are a Company that I am confident can build a large and very successful footwear business. Footwear is an essential part of any luxury brand and this license represents an important platform for us to expand the brand."

Joe Ouaknine, CEO of Titan, stated, "Badgley Mischka is a designer brand with a tremendous amount of momentum and potential. In looking at this brand we see a multi-faceted opportunity to create luxurious and glamorous Couture footwear, a special collection of Bridal footwear and in a year or two, a more accessible bridge priced collection of shoes that can go to a much broader audience."

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) and RAMPAGE (R). The company's brands touch every major segment of retail distribution from the luxury market to the mass market. Iconix, through its in-house advertising agency, advertises and markets its brands to continually drive greater consumer awareness and loyalty and licenses its brands to a network of leading retailers and manufacturers.

    Contact:  Maria Dolgetta
              Public Relations Director
              Iconix Brand Group, Inc.
              212.819.2084
              maria@iconixbrand.com


SOURCE  Iconix Brand Group, Inc.