Pursuits
Iconix Shares Tumble After Longtime CEO Cole Leaves Company
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Iconix Brand Group Inc., owner of the Candie’s, Badgley Mischka and Joe Boxer clothing lines, fell the most in almost 13 years after saying Neil Cole is stepping down as chairman and chief executive officer.
Cole also is resigning as president and leaving the board, the New York-based company said Thursday in a statement. He’ll serve as a special adviser through Sept. 30. Board member Peter Cuneo has been appointed chairman and will serve as interim CEO.