Iconix licensing and commission income rises 62%
Iconix Brand Group, Inc., formerly Candie's, Inc., has announced that licensing and commission income for the second quarter increased 62% to approximately $4.3 million compared with approximately $2.6 million in the comparable period for the prior year.
Neil Cole, chairman and CEO of Iconix, commented, "We are pleased with the results for the second quarter and believe that they only begin to indicate the potential of our new business model as a brand management company.”
For the six months ended June 30, 2005 licensing and commission income increased 70% to approximately $8.6 million compared with approximately $5.1 million in the comparable period for the prior year.
Iconix licenses the Candie’s, Bongo, Badgely Mischka and Joe Boxer trademarks on a variety of apparel and fashion products.