February 20, 2013 – Beacon Bay Holdings Completes Sale of Lee Cooper to Iconix Brand Group

Newport Beach, CA – February 20, 2013

Beacon Bay Holdings and affiliates (“BBH”), a leading private investment firm based in Newport Beach, CA, announced today that one of its affiliates has completed the sale of its equity interest in Lee Cooper to Iconix Brand Group, Inc. (NASDAQ: ICON).  Lee Cooper is a global, iconic, British denim brand founded in 1908, with a number of lifestyle categories including men’s and women’s casual wear, footwear and accessories.

About Beacon Bay Holdings

Beacon Bay Holdings and affiliates (“BBH”) is a leading private investment firm.  For more than a decade, BBH has focused on partnering with leadership teams to grow significant value in businesses.  Typical investments are between $5 million to $50 million of equity in companies with $10 million to $200 million of revenue headquartered in North America, and the firm has direct experience in a diverse range of industries and types of transactions including growth, buy-out and distressed.  BBH is an expert at finding creative investment solutions to meet varying stakeholders’ needs – often when others cannot.  The firm has extended this creativity to its fund structure by sponsoring direct investment vehicles tailored specifically for family offices that provide alignment of interests and focus on generating multiples of invested capital after-tax with low risk.  BBH brings seasoned operating and investing experience combined with a track record of closing transactions, building great companies and generating strong investment returns.  Beacon Bay Holdings is the trusted investment partner to grow value in businesses.  For more information, please call us at 949-464-4100 or find us online at www.beaconbayholdings.com.

About Iconix Brand Group, Inc.

Iconix Brand Group, Inc. owns, licenses and markets a growing portfolio of consumer brands including: CANDIE’S (R), BONGO (R), BADGLEY MISCHKA (R), JOE BOXER (R), RAMPAGE (R), MUDD (R), MOSSIMO (R), LONDON FOG (R), OCEAN PACIFIC (R), DANSKIN (R), ROCAWEAR (R), CANNON (R), ROYAL VELVET (R), FIELDCREST (R), CHARISMA (R), STARTER (R), WAVERLY (R), ZOO YORK (R), ED HARDY (R), SHARPER IMAGE (R), UMBRO (R) and LEE COOPER (R).  In addition, Iconix owns interests in the ARTFUL DODGER (R), ECKO (R), MARC ECKO (R), MATERIAL GIRL (R), PEANUTS (R), TRUTH OR DARE (R), BILLIONAIRE BOYS CLUB (R), ICE CREAM (R), MODERN AMUSEMENT (R), and BUFFALO (R) brands. The Company licenses its brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution from the luxury market to the mass market in both the U.S. and worldwide. Through its in-house business development, merchandising, advertising and public relations departments, Iconix manages its brands to drive greater consumer awareness and equity.

About Lee Cooper

Lee Cooper is a designer and marketer of branded jeans, clothing, accessories and footwear, and is the oldest European denim brand, having sold jeans since 1908.  Lee Cooper has a worldwide presence through its extensive network of over 4,000 outlets in over 80 countries including Europe, Israel, United Arab Emirates, China and India.

Jennifer Stewart
Managing Partner
Beacon Bay Holdings
(949) 464-4101
jstewart@beaconbayholdings.com

Benjamin H. Mohr
Associate
Beacon Bay Holdings
(949) 464-4103
bmohr@beaconbayholdings.com

Beacon Bay Holdings Completes Sale of Lee Cooper to Iconix Brand Group