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Ecko slam-dunked
Ecko slam-dunked
Debt forces designer to give up control to Iconix By JAMES COVERT Last Updated: 2:28 AM, October 28, 2009 Posted: 1:13 AM, October 28, 2009
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Marc Ecko Loses Ecko Brand, Company Sold to Pay Off Creditors
STREET KNOWLEDGE MEDIA — ... / NY Post Funny thing is I have seen many business shows where they have interviewed him on his brilliant business acumen. Anyway here is the story on his fall from grace in the business world: ...

When Sh*t Goes Terribly WRONG Pt. 2
Media Outrage — ... Clothing designer Marc Ecko created a brand that made hundreds of millions of dollars but had to sell a major portion of it yesterday to satisfy creditors. Via NyPost: After years of lavish spending that took him to the brink of bankruptcy, Marc Ecko has been forced to give up control of his own trademark. Confirming a Sept. 22 report in The Post, the hip-hop clothing kingpin yesterday signed over a 51 percent interest in the Marc Ecko brand to Iconix, a New York company that owns a ...

Fashion Mogul Marc Ecko Sells Off 51% Stake in his Name
BallerStatus.com — ... since he had to layoff employees earlier this year, sell some his trademark brands, and pay off numerous creditors. This week, the fashion mogul inked a deal with Iconix -- the brand which owns clothing lines like Rocawear, Mossimo and Joe Boxer -- giving up a 51 percent share in the Mark Ecko brand. In exchange, he'll receive $63.5 million cash and $90 million in financing for the joint venture with Iconix. Despite the sale, Ecko didn't seemed too worried when he spoke to the New York Post , saying that if he had to walk away from everything, he wouldn't look back. "I've had ...

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