NEW YORK, May 1 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. (Nasdaq: ICON) (the "Company" or "Iconix") announced today that is has entered into a license agreement with The Cayre Group for the MUDD brand to manufacture and distribute junior tops. MUDD junior tops were previously manufactured by the brand's former owner, Tack Fat Group International Limited. The new collection will be available at department and specialty stores for Spring 2007.

Commenting on the new license, Neil Cole, CEO of Iconix stated, "We are excited to be working with The Cayre Group to develop and grow our MUDD tops business, as we continue with our strategy to keep MUDD positioned as a leading junior lifestyle brand."

MUDD currently has 12 licensees who distribute a full range of apparel and accessory products including: Jeanswear, Footwear, Handbags, Sleepwear, Intimate Apparel, Outerwear, Eyewear Watches, Costume Jewelry, Cold Weather Accessories and Socks.

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) and MUDD (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

             212.819.2084
             maria@iconixbrand.com


SOURCE  Iconix Brand Group Inc.
    -0-                             05/01/2006
    /CONTACT:  Maria Dolgetta, +1-212-819-2084, maria@iconixbrand.com /
    /Web site:  http://iconixbrand.com /
    (ICON)

CO:  Iconix Brand Group Inc.; The Cayre Group
ST:  New York
IN:  FAS REA
SU:  LIC

MC
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9707 05/01/2006 09:10 EDT http://www.prnewswire.com