Not Looking Good For The Ecko Empire

Caught in a jam, hip-hop clothing kingpin Marc Ecko may soon lose control over his own name, The Post has learned.

The debt-ridden designer -- backed against a wall as creditors threaten to force his flailing empire into bankruptcy -- is in talks to sell a controlling interest in his trademark to Iconix, a fast-growing collector of middle- and upper-tier fashion brands.

Sources said New York-based Iconix -- which recently scooped up 50 percent of Ed Hardy, the tattoo-inspired streetwear label -- is nearing a deal to acquire at least 51 percent of Marc Ecko's intellectual property. Under the hard-knuckle terms of the deal, Ecko could be forced to license back his trademark to run his wholesale and retail businesses, sources said.

Via The NY Post