Brand manager Candie's went public in the US in 1991, changing its name to Iconix in 2005. The company was involved in a number of scandals over the years, the last being in December 2014 when it disclosed that the SEC was reviewing its FY13 annual report, in particular the accounting for international joint ventures. This prompted a share price collapse. Over the next eight months, most of the senior management resigned. In November 2015, Iconix announced that its financials could no longer be relied upon. In 2019, the SEC charged Iconix and three executives with fraud. In November 2022, a federal jury found the executives guilty of participating in a series of round-trip transactions to fraudulently inflate Iconix’s revenue and profit between 2013 and 3Q15.

Last updated September 2023

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