Iconix Buys Majority Stake In Ecko Brands For $109M

Law360, New York (October 27, 2009, 5:39 PM EDT) -- Iconix Brand Group Inc. — which includes Joe Boxer, London Fog and Roca Wear — has added the Ecko portfolio to its stable of consumer brands, agreeing to a $109 million deal with Marc Ecko to assume a 51 percent interest in a new joint venture formed to transfer the trademarks and to control licensing.

According to an announcement released by the company Tuesday, it will pay Ecko $63.5 million in cash, with the rest coming through a $90 million financing deal for the new venture....
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