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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
      STATES</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>SECURITIES
      AND EXCHANGE COMMISSION</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>WASHINGTON,
      DC 20549</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FORM
      8-K</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>CURRENT
      REPORT</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Pursuant
      to Section 13 or 15 (d) of the</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Securities
      Exchange Act of 1934</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date
      of
      Report (Date of earliest event reported): </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>August
      28, 2006</u></font><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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      BRAND GROUP, INC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
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        <hr style="COLOR: black" align="left" noshade size="1" width="100%">
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      name of registrant as specified in its charter)</font></div>
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                or Other</font></div>
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                Employer</font></div>
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                Number)</font></div>
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                No.)</font></div>
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            <td valign="top" width="27%">&#160;</td>
            <td width="2%">&#160;</td>
            <td valign="top" width="27%">&#160;</td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
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            <td valign="top" width="56%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">1450
                Broadway, New York, NY</font></div>
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          </tr>
          <tr>
            <td valign="top" width="56%">
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                of Principal Executive Offices)</font></div>
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            <td width="2%">&#160;</td>
            <td valign="top" width="27%">
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Registrant&#8217;s
      telephone number, including area code</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>(212)
      730-0030</u></font><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Not
      Applicable</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">
      <div>
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      </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Former
      Name or Former Address, if Changed Since Last Report)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>see
      </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">General
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font id="TAB1" style="MARGIN-LEFT: 18pt"></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Wingdings">o</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 9pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; WIDTH: 100%; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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        <div style="WIDTH: 100%; TEXT-ALIGN: center">
        </div>
        <div style="WIDTH: 100%; TEXT-ALIGN: center">
          <hr style="COLOR: black" noshade size="2">
        </div>
      </div>
      <div id="HDR">
        <div id="GLHDR" style="WIDTH: 100%" align="right">
        </div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      1.01. Entry into a Material Definitive Agreement</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      2.01 Completion of Acquisition or Disposition of Assets</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      2.03 Creation of a Direct Financial Obligation or an Obligation under an Off
      Balance Sheet Arrangement of a Registrant </strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      3.02 Unregistered Sales of Equity Securities</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      August
      28, 2006 (the &#8220;Closing Date&#8221;), Iconix Brand Group, Inc., (&#8220;Registrant&#8221;)
      completed the acquisition of the London Fog trademarks and certain related
      intellectual property assets (the &#8220;Assets&#8221;) from London Fog Group Inc. (&#8220;LFG&#8221;)
      for $30.5 million in cash and 482,423 shares of the Registrant&#8217;s common stock
      (the &#8220;Shares&#8221;). In addition, if the market value of the stock portion of the
      purchase price is less than $7.0 million on the date the Registration Statement
      (defined below) has been declared effective by the Securities and Exchange
      Commission, the Registrant will be required to issue such number of additional
      shares of the Registrant&#8217;s common stock as makes the total stock portion of the
      purchase price equal in value to $7.0 million as of such date. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      financing for this acquisition was accomplished through the private placement
      on
      August 28, 2006 by the Registrant&#8217;s subsidiary, IP Holdings LLC, of its
      asset-backed notes, secured by the intellectual property assets owned by IP
      Holdings (including the acquired Assets), together with approximately $3.1
      million of the Registrant&#8217;s funds. The issuance of the asset-backed notes raised
      $29 million in new financing for IP Holdings (before giving effect to the
      payment of expenses related to their issuance and required deposits to reserve
      accounts), and approximately $130.9 million principal amount of the asset-backed
      notes were exchanged for all of the outstanding asset-backed notes previously
      issued by IP Holdings. </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      $29
      million principal amount of asset-backed notes representing the new financing
      portion of the </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">private
      placement were used as follows: $27.5 million was paid to the seller of the
      Assets, approximately $112,500 was used to pay costs associated with the
      issuance of such notes and $1.35 million was deposited in a liquidity reserve
      account as required by the holder of the asset-backed notes. </font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Of
      the
      $159.9 principal amount of IP Holdings&#8217; asset-backed notes outstanding
      immediately following the acquisition of the Assets, $56.7 million principal
      amount has a term of six years and bears interest at 8.45% per annum, $25.2
      million principal amount has a term of six years and bears interest at 8.12%
      per
      annum and $78.0 million principal amount has a term of six and a half years
      and
      bears interest at 8.99% per annum.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Registrant has agreed to file a registration statement (the &#8220;Registration
      Statement&#8221;) covering the resale of the Shares and will be required to pay
      certain penalties if the Registration Statement is not declared effective by
      the
      Securities and Exchange Commission within 60 days after the Closing
      Date.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      Shares were issued without registration under the Securities Act of 1933, as
      amended (the &#8220;Act&#8221;), in reliance upon the exemptions from registration provided
      under 4(2) of the Act. The issuance of the Shares did not involve any public
      offering; the Registrant made no solicitation in connection with the issuance
      of
      the Shares other than communications with the Seller and its designees; the
      Registrant has obtained representations from the recipient of the Shares
      regarding their investment intent, experience and sophistication; the recipients
      of the Shares had access to adequate information about the Registrant in order
      to make informed investment decisions and the certificates representing the
      Shares were issued with restricted securities legends. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
      consideration for the purchase of the Assets by IP Holdings from the Registrant,
      IP Holdings paid to the Registrant $29 million and issued it limited liability
      interests in IP Holdings. IP Holdings&#8217; asset-backed notes are secured by the
      Assets, as well as by other intellectual property assets owned by IP Holdings.
      The asset-backed notes were issued pursuant to a Fifth Amended and Restated
      Indenture between IP Holdings and Wilmington Trust Company, as trustee, and
      were
      purchased by Mica Funding, LLC pursuant to a Note Purchase Agreement among
      the
      Registrant, IP Holdings and Mica Funding, LLC. The payment of the principal
      of
      and interest on the asset-backed notes will be made from amounts received by
      IP
      Holdings under license agreements with various licensees of the Assets and
      IP
      Holdings&#8217; other intellectual property assets. The Registrant is not obligated,
      and the Registrant&#8217;s assets are not available, to pay any amounts with respect
      to the asset-backed notes if amounts received under such license agreements
      are
      insufficient to make such payments. IP Holdings&#8217; assets are not available to pay
      any obligations of the Registrant. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      foregoing descriptions&#160;are qualified in their entirety by reference to the
      full text of the Asset Purchase Agreement, the Indenture, the Stock Issuance
      and
      Registration Rights Agreement&#160;and the Note Purchase Agreement, which are
      filed with this Report as Exhibit 2.1, Exhibit 4.1, Exhibit 10.1&#160;and
      Exhibit 99.1, respectively and are incorporated herein by reference. The
      Asset Purchase Agreement, the Indenture, the Stock Issuance and Registration Rights
      Agreement&#160;and the Note Purchase Agreement have been so filed to provide
      investors with information regarding their respective terms and are not intended
      to provide any other factual information about the Registrant or LFG. The
      Asset Purchase Agreement, the Indenture, the Stock Issuance and Registration Rights
      Agreement&#160;and the Note Purchase Agreement each contain representations and
      warranties the parties thereto made to and solely for the benefit of the other
      parties thereto. Accordingly, investors and security holders should not rely
      on
      the representations and warranties as characterizations of the actual state
      of
      facts, since they were only made as of the date of such agreements. In addition,
      the Asset Purchase Agreement is modified by the underlying disclosure schedules.
      Moreover, information concerning the subject matter of the representations
      and
      warranties may change after the date of such agreements, which subsequent
      information may or may not be fully reflected in the Registrant&#8217;s public
      disclosures.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      9.01 </strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Financial
      Statements and Exhibits</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)
      Exhibits.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 72pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
                2.1*</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Asset
                Purchase Agreement, dated as of August 21, 2006, between the Registrant
                and London Fog Group, Inc.</font></div>
            </td>
          </tr>

      </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 72pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
                4.1*</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Fifth
                Amended and Restated Indenture dated as of August 28, 2006 by and
                between
                IP Holdings LLC, as issuer, and Wilmington Trust Company as
                Trustee.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 72pt; TEXT-INDENT: -72pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 72pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
                10.1</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stock
                Issuance and Registration Rights Agreement dated as of August 28,
                2006, by
                and among the Registrant and DDJ Capital Management,
                LLC.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div>
      <table align="center" border="0" cellpadding="0" cellspacing="0" id="hangingindent" width="100%">

          <tr valign="top" style="line-height: 1.25;">
            <td style="width: 72pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
                99.1*</font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Note
                Purchase Agreement by and among IP Holdings LLC, the Registrant,
                and Mica
                Funding, LLC, dated August 28,
                2006.</font></div>
            </td>
          </tr>

      </table>
    </div>
    <div style="DISPLAY: block; MARGIN-LEFT: 18pt; TEXT-INDENT: -18pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">*Schedules
      and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K.
      Iconix Brand Group, Inc. hereby undertakes to furnish supplementally to the
      Securities and Exchange Commission copies of any of the omitted schedules and
      exhibits upon request by the Securities and Exchange
      Commission.</font></div><br>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SIGNATURES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div align="left">
      <table cellpadding="0" cellspacing="0" width="100%">

          <tr>
            <td align="left" valign="top" width="45%">&#160;</td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">ICONIX
                BRAND GROUP, INC.</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="45%">&#160;</td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(Registrant)</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="45%">&#160;</td>
            <td align="left" valign="top" width="45%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="45%">&#160;</td>
            <td align="left" valign="top" width="45%">&#160;</td>
          </tr>
          <tr>
            <td align="left" valign="top" width="45%">&#160;</td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">By:&#160;<u>&#160;
                /s/ Warren
                Clamen&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
                </u></font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="45%">&#160;</td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;
                Warren Clamen</font></div>
            </td>
          </tr>
          <tr>
            <td align="left" valign="top" width="45%">&#160;</td>
            <td align="left" valign="top" width="45%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">&#160;&#160;&#160;&#160;&#160;&#160;
                Chief Financial Officer </font></div>
            </td>
          </tr>

      </table>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Date:
      August 31, 2006</font></div>
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{"company-data": {"conformed-name": "ICONIX BRAND GROUP, INC.", "cik": "0000857737", "assigned-sic": "3140", "irs-number": "112481903", "state-of-incorporation": "DE", "fiscal-year-end": "0131"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-10593", "film-number": "061071512"}, "business-address": {"street1": "1450 BROADWAY, 4TH FL", "city": "NEW YORK", "state": "NY", "zip": "10018", "phone": "212-730-0030"}, "mail-address": {"street1": "1450 BROADWAY, 4TH FL", "city": "NEW YORK", "state": "NY", "zip": "10018"}, "former-company": [{"former-conformed-name": "CANDIES INC", "date-changed": "19930604"}, {"former-conformed-name": "MILLFELD TRADING CO INC", "date-changed": "19920703"}]}
UNITED
      STATES
SECURITIES
      AND EXCHANGE COMMISSION
WASHINGTON,
      DC 20549
FORM
      8-K
CURRENT
      REPORT
Pursuant
      to Section 13 or 15 (d) of the
Securities
      Exchange Act of 1934
Date
      of
      Report (Date of earliest event reported):
August
      28, 2006
ICONIX
      BRAND GROUP, INC.
(Exact
      name of registrant as specified in its charter)
Delaware
0-10593
11-2481093
(State
                or Other
(Commission
(IRS
                Employer
Jurisdiction
                of
File
                Number)
Identification
                No.)
Incorporation)
1450
                Broadway, New York, NY
10018
(Address
                of Principal Executive Offices)
(Zip
                Code)
Registrant's
      telephone number, including area code
(212)
      730-0030
Not
      Applicable
(Former
      Name or Former Address, if Changed Since Last Report)
Check
      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions (
see
General
      Instruction A.2. below):
o
Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)
o
Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)
o
Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))
o
Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))
Item
      1.01. Entry into a Material Definitive Agreement
Item
      2.01 Completion of Acquisition or Disposition of Assets
Item
      2.03 Creation of a Direct Financial Obligation or an Obligation under an Off
      Balance Sheet Arrangement of a Registrant
Item
      3.02 Unregistered Sales of Equity Securities
On
      August
      28, 2006 (the "Closing Date"), Iconix Brand Group, Inc., ("Registrant")
      completed the acquisition of the London Fog trademarks and certain related
      intellectual property assets (the "Assets") from London Fog Group Inc. ("LFG")
      for $30.5 million in cash and 482,423 shares of the Registrant's common stock
      (the "Shares"). In addition, if the market value of the stock portion of the
      purchase price is less than $7.0 million on the date the Registration Statement
      (defined below) has been declared effective by the Securities and Exchange
      Commission, the Registrant will be required to issue such number of additional
      shares of the Registrant's common stock as makes the total stock portion of the
      purchase price equal in value to $7.0 million as of such date.
The
      financing for this acquisition was accomplished through the private placement
      on
      August 28, 2006 by the Registrant's subsidiary, IP Holdings LLC, of its
      asset-backed notes, secured by the intellectual property assets owned by IP
      Holdings (including the acquired Assets), together with approximately $3.1
      million of the Registrant's funds. The issuance of the asset-backed notes raised
      $29 million in new financing for IP Holdings (before giving effect to the
      payment of expenses related to their issuance and required deposits to reserve
      accounts), and approximately $130.9 million principal amount of the asset-backed
      notes were exchanged for all of the outstanding asset-backed notes previously
      issued by IP Holdings.
The
      $29
      million principal amount of asset-backed notes representing the new financing
      portion of the
private
      placement were used as follows: $27.5 million was paid to the seller of the
      Assets, approximately $112,500 was used to pay costs associated with the
      issuance of such notes and $1.35 million was deposited in a liquidity reserve
      account as required by the holder of the asset-backed notes.
Of
      the
      $159.9 principal amount of IP Holdings' asset-backed notes outstanding
      immediately following the acquisition of the Assets, $56.7 million principal
      amount has a term of six years and bears interest at 8.45% per annum, $25.2
      million principal amount has a term of six years and bears interest at 8.12%
      per
      annum and $78.0 million principal amount has a term of six and a half years
      and
      bears interest at 8.99% per annum.
The
      Registrant has agreed to file a registration statement (the "Registration
      Statement") covering the resale of the Shares and will be required to pay
      certain penalties if the Registration Statement is not declared effective by
      the
      Securities and Exchange Commission within 60 days after the Closing
      Date.
The
      Shares were issued without registration under the Securities Act of 1933, as
      amended (the "Act"), in reliance upon the exemptions from registration provided
      under 4(2) of the Act. The issuance of the Shares did not involve any public
      offering; the Registrant made no solicitation in connection with the issuance
      of
      the Shares other than communications with the Seller and its designees; the
      Registrant has obtained representations from the recipient of the Shares
      regarding their investment intent, experience and sophistication; the recipients
      of the Shares had access to adequate information about the Registrant in order
      to make informed investment decisions and the certificates representing the
      Shares were issued with restricted securities legends.
In
      consideration for the purchase of the Assets by IP Holdings from the Registrant,
      IP Holdings paid to the Registrant $29 million and issued it limited liability
      interests in IP Holdings. IP Holdings' asset-backed notes are secured by the
      Assets, as well as by other intellectual property assets owned by IP Holdings.
      The asset-backed notes were issued pursuant to a Fifth Amended and Restated
      Indenture between IP Holdings and Wilmington Trust Company, as trustee, and
      were
      purchased by Mica Funding, LLC pursuant to a Note Purchase Agreement among
      the
      Registrant, IP Holdings and Mica Funding, LLC. The payment of the principal
      of
      and interest on the asset-backed notes will be made from amounts received by
      IP
      Holdings under license agreements with various licensees of the Assets and
      IP
      Holdings' other intellectual property assets. The Registrant is not obligated,
      and the Registrant's assets are not available, to pay any amounts with respect
      to the asset-backed notes if amounts received under such license agreements
      are
      insufficient to make such payments. IP Holdings' assets are not available to pay
      any obligations of the Registrant.
-2-
The
      foregoing descriptions are qualified in their entirety by reference to the
      full text of the Asset Purchase Agreement, the Indenture, the Stock Issuance
      and
      Registration Rights Agreement and the Note Purchase Agreement, which are
      filed with this Report as Exhibit 2.1, Exhibit 4.1, Exhibit 10.1 and
      Exhibit 99.1, respectively and are incorporated herein by reference. The
      Asset Purchase Agreement, the Indenture, the Stock Issuance and Registration Rights
      Agreement and the Note Purchase Agreement have been so filed to provide
      investors with information regarding their respective terms and are not intended
      to provide any other factual information about the Registrant or LFG. The
      Asset Purchase Agreement, the Indenture, the Stock Issuance and Registration Rights
      Agreement and the Note Purchase Agreement each contain representations and
      warranties the parties thereto made to and solely for the benefit of the other
      parties thereto. Accordingly, investors and security holders should not rely
      on
      the representations and warranties as characterizations of the actual state
      of
      facts, since they were only made as of the date of such agreements. In addition,
      the Asset Purchase Agreement is modified by the underlying disclosure schedules.
      Moreover, information concerning the subject matter of the representations
      and
      warranties may change after the date of such agreements, which subsequent
      information may or may not be fully reflected in the Registrant's public
      disclosures.
Item
      9.01
Financial
      Statements and Exhibits
(d)
      Exhibits.
Exhibit
                2.1*
Asset
                Purchase Agreement, dated as of August 21, 2006, between the Registrant
                and London Fog Group, Inc.
Exhibit
                4.1*
Fifth
                Amended and Restated Indenture dated as of August 28, 2006 by and
                between
                IP Holdings LLC, as issuer, and Wilmington Trust Company as
                Trustee.
Exhibit
                10.1
Stock
                Issuance and Registration Rights Agreement dated as of August 28,
                2006, by
                and among the Registrant and DDJ Capital Management,
                LLC.
Exhibit
                99.1*
Note
                Purchase Agreement by and among IP Holdings LLC, the Registrant,
                and Mica
                Funding, LLC, dated August 28,
                2006.
*Schedules
      and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K.
      Iconix Brand Group, Inc. hereby undertakes to furnish supplementally to the
      Securities and Exchange Commission copies of any of the omitted schedules and
      exhibits upon request by the Securities and Exchange
      Commission.
-3-
SIGNATURES
Pursuant
      to the requirements of the Securities Exchange Act of 1934, the Registrant
      has
      duly caused this report to be signed on its behalf by the undersigned thereunto
      duly authorized.
ICONIX
                BRAND GROUP, INC.
(Registrant)
By:
/s/ Warren
                Clamen
Warren Clamen
Chief Financial Officer
Date:
      August 31, 2006
-4-