Iconix Brand Group has appointed an executive with experience in branding and refinancing as chief executive.
The company has appointed Robert Galvin as CEO and a member of the board, effective Oct. 15. He succeeds interim CEO Peter Cuneo, who remains as chairman.
Galvin was most recently chairman of Cherokee Inc., and has served as COO and European president of Sports Brands International Ltd., CEO of Elie Tahari, and president of Camuto Group. He also served as an executive VP and CFO of Nine West Group Inc., has been an independent director of Bebe Stores and is currently an independent director of Big 5 Sporting Goods Corp and Trans World Entertainment. Galvin also currently serves as an independent director of Lands' End.
“We believe that his (Galvin) past leadership experiences in our industry bode well for Iconix,” said Cuneo. “He will hit the ground running. Bob has also been very successful when faced with particularly fluid situations. His unique skills in this regard make him a good match to the current challenges facing Iconix.”
Iconix is challenged with a heavy debt of $717.6 million, according to Women’s Wear Daily.
The company owns, licenses and markets a portfolio of consumer brands including Candies, Joe Boxer, Danskin, London Fog and Marc Ecko among others.