Iconix Brand Group, Inc. Announces Executive Promotions

NEW YORK, July 27 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company"), today announced the promotion of three executives from within the Company.

Yehuda Shmidman has been promoted to Chief Operating Officer. Since joining Iconix in 2005, Mr. Shmidman has been deeply involved in building the Company's direct-to-retail partnerships and wholesale relationships, has been a large contributor to the international growth strategy and has taken on a leadership role with the integration of the Peanuts acquisition. Prior to joining Iconix, his previous experience includes positions at licensing agencies where he was involved in direct-to-retail brands including Issac Mizrahi at Target and Merch Vintage Rock at Kmart.

Lanie List has been promoted to Chief Merchandising Officer. Ms. List has been at Iconix since its transition to a licensing company in 2004 and has been integral to the Company's merchandising strategies and direct-to-retail deals. She oversees brand management of the Company's fashion brands and trend direction department and works closely with the Company's retail partners to build lifestyle programs for its brands. In addition, she has taken on a leadership role in the Company's MG Icon joint venture. Prior to joining Iconix she held merchant and trend positions at Target and Marshall Fields.

Carolyn D'Angelo has been promoted to Senior Vice President, Brand Management, Home Division. Ms. D'Angelo joined Iconix in 2007, following the Company's entry into the home segment with its acquisition of Pillowtex. She has helped Iconix build its home business by securing large direct-to-retail deals for its home brands including Cannon at Sears and Kmart, and Charisma at Costco. Ms. D'Angelo has over 20 years of experience in the home market and has held senior positions at Westpoint Home where she ran the Ralph Lauren business and Waverly Lifestyle Group where she started and built their licensing program, including forming direct-to-retail relationships with Target and Lowe's.

Neil Cole, Chairman and CEO of Iconix Brand Group, stated, "I am pleased to announce the promotion of these three talented individuals whose hard work and dedication have been integral to the growth and success of our Company. In these expanded roles, I am confident that their continued contributions will be a huge asset to our Company."

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). In addition, Iconix owns an interest in the ARTFUL DODGER (R), ED HARDY (R), ECKO (R), MARC ECKO (R), ZOO YORK (R), MATERIAL GIRL(TM), and PEANUTS (R) brands. 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.

SOURCE Iconix Brand Group, Inc.