Monday, February 26, 2007 1:04:04 AM
Donald Schupak, Danskin's Chairman said "The transaction will provide capital for growth of the Danskin(R) wholesale business and, at the same time, monetize its intellectual properties, enhancing opportunities to increase shareholder value. Carol Hochman and her team have done an exceptional job expanding this great brand and implementing a multi-channel distribution strategy in a markedly undercapitalized environment. In addition to providing working capital, Iconix marketing support will help complete the Company's vision for the Brand."
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