India's Reliance Brands forms a joint venture with Iconix Brand (ICON) to sell the company's...

|About: Iconix Brand Group, Inc. (ICON)|By:, SA News Editor

India's Reliance Brands forms a joint venture with Iconix Brand (ICON) to sell the company's brands in India, a move that follows up the Indian government's decision to relax rules on foreign ownership of retailers. Brands such as Ed Hardy, Mossimo, London Fog, and Ocean Pacific will be rolled into the JV along with existing Iconix business in India.