Fashion Mogul Marc Ecko Sells Off 51% Stake in his Name

After years of supporting a lavish lifestyle, Marc Ecko has been forced to sell off his brand. Some speculate whether it was out of desperation, since he had to layoff employees earlier this year, sell some his trademark brands, and pay off numerous creditors. This week, the fashion mogul inked a deal with Iconix, giving up a 51 percent share in the Mark Ecko brand.