After years of supporting a lavish lifestyle, Marc Ecko has been forced to sell off his brand. Some speculate whether it was out of desperation, since he had to layoff employees earlier this year, sell some of 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.
http://www.ballerstatus.com/2009/10/30/fashion-mogul-marc-ecko-sells-off-51-stake-in-his-name/
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