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Byline: MEREDITH DERBY & MATTHEW LYNCH
Iconix Bullish on Ecko Shoe Biz
Iconix Brand Group Inc.'s newly minted 51 percent stake in Marc Ecko Enterprises will likely be a growth opportunity for the firm's footwear businesses.
On the heels of reporting a 25 percent jump in third-quarter earnings, Iconix last week said it entered into an agreement to take the majority stake in the Ecko Unlimited, Marc Ecko and Zoo York trademarks and other intellectual property owned by Marc Ecko Enterprises through a new joint venture. Iconix will pay $63.5 million in cash to fund the deal. The new partnership will obtain an additional $90 million in …