Iconix’s CFO Resigns

Iconix Brands Group’s chief financial officer, Jeff Lupinacci, has resigned to pursue another business opportunity. The company said in a filing Monday with the Securities and Exchange Commission, a Form 8-K, that the resignation, which was given on March 24, became effective as of today. David Blumberg, executive vice president and head of strategic development, will take on Lupinacci’s duties while the company searches for his replacement. Iconix said in the SEC filing that it “anticipates filling the position in the near term.”

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Shark Tank’s Mark Cuban Returning to Cosmoprof

Las Vegas — Shark Tank investor Mark Cuban will return to Cosmoprof North America in July. He’ll be joined by Paul Mitchell hair care co-founder John Paul DeJoria on stage at the Professional Beauty Association’s Business Forum, hosted by CPNA, as part of Cosmoprof. The billionaires and a number of investor groups will hear live presentations from fledgling beauty firms. The winner of this program, called the Beauty Pitch, will receive a year of mentorship from Cuban. The inaugural event will run from July 12-14 at Las Vegas’ Mandalay Bay Convention Center. Companies wanting to enter the Beauty Pitch must be U.S.-based, be up and running and submit entries to a Web site established for the contest, beautypitch.com. A panel of experts will cull the entrants down to five who will then pitch their business concept during a live audition. There will also be an opportunity for entrants to win cash from an unidentified investment group. DeJoria was put on the bill to lend industry expertise to Cuban, who admitted last year that he wasn’t an expert in beauty. “The winner has total access to Mark and the chance to put his Rolodex to work,” said Daniela Ciocan, marketing director for Cosmoprof North

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DSquared2 Twins on U.S. Tour

NEW YORK — It’s been 20 years since twin brothers Dan and Dean Caten launched their first men’s wear collection. And now — with two decades of experience and $228.6 million in sales under their belts — it’s time for the retail rollout to begin in earnest. In the past few months alone, their company, Dsquared2, has made a splash in the American market, opening three stores in Los Angeles, New York City and Miami. A London flagship — the company’s largest at more than 8,000 square feet — opened two weeks ago in Mayfair. Dsquared2 operates 35 stores around the world in spots as diverse as Abu Dubai, Paris, Hong Kong and Milan. Ten are directly owned and the remainder are franchised or operated with partners. The plan for the future is ambitious, they revealed, with the intent to roll out 10 stores a year for the next five years. “It’s the right moment to do this,” said Dan Caten, sitting in one of the custom-designed chairs at the Dsquared2 store in SoHo, where he and his brother would be hosting an opening cocktail party Monday night. “It took us a while. We practiced and made mistakes in our own water. But

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Aerie in Programs on Body Image, Eating Disorders

Aerie is taking a stand on body image and eating disorders. The American Eagle Outfitters subbrand on March 26 launched a limited-edition collaborative bralette collection for the 11- to 15-year-old set called Aerie for Yellowberry. A start-up intimates brand, Yellowberry was created by 19-year-old entrepreneur Megan Grassell after she went shopping at the mall for bras with her 16-year-old sister and found nothing suitable, with all of the offerings overtly sexy and inappropriate for a teenager. Grassell founded Yellowberry in 2013 from a Kickstarter campaign. The bralettes come in a range of colors and patterns, including stripes and polka dots, have names such as Lil’ Sis, Fresh Picked and Freebird, and range in price from $29.95 to $34.95. “This is the perfect sisterhood of two brands, supporting the common belief that every girl should be confident and comfortable, embracing their real self,” said Jennifer Foyle, Aerie brand president. “Aerie is pleased to announce that proceeds from Aerie for Yellowberry will support the entrepreneurial spirit of Megan and Yellowberry and see that its message of positive body image continues to spread.” The arrangement between Aerie and Yellowberry is a limited-time collaboration. Grassell worked with the Aerie design team on exclusive styles for the Aerie

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Dom Perignon Celebrates New Vintage

CHAMPAGNE CIRCUS: On Friday night, the circus was in town. To fete the launch of its newest Champagne iteration, the Rosé Vintage 2004, Dom Pérignon hosted a grand cabaret for the fashion set — considerate it the Ringling Brothers’ more sophisticated, older sister. Revelers, including Dennis Basso, Stella Schnabel, Cory Kennedy, Johannes Huebl, Devon Windsor, Timo Weiland and Arden Wohl, packed into the East Village’s Walter de Maria space, transformed into an interactive playground swathed in pink light. The event doubled as a final hurrah for the former studio, now owned by Peter Brant, which will soon undergo a major architectural renovation. Among the evening’s many attractions: a live marching band, stilt-walkers, twerking ballerinas and accordion-playing mimes — and that was just the opening act. For the main attraction? A full-scale cabaret show replete with burlesque dancers, singing clowns, high-step dancers and jugglers. The star of the evening was the Champagne itself, which was free-flowing and served in generously portioned wine glasses. The bubbly was paired with small bites courtesy of Chef de Cave’s Richard Geoffroy — carrot truffles, mini lobster rolls, chocolate cake bites, etc. Not exactly your typical circus fare, but it sure beat warm beer and Cracker

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SEC Charges Lynn Tilton With Fraud

The Securities and Exchange Commission has charged Lynn Tilton and her Patriarch Partners firms with fraud. The SEC alleged Tilton and her Patriarch firms breached their fiduciary duties and defrauded clients by failing to value assets that reflect their declining value. The assets were in collateralized loan obligation funds, portfolios that comprise of loans to distressed companies. The SEC also charged that in misleading investors to believe that objective valuation analyses were being performed, Tilton and her firms allegedly have avoided significantly reduced management fees. Andrew J. Ceresney, director of the SEC’s enforcement division, said, “Tilton violated her fiduciary duty to her clients when she exercised subjective discretion over valuation levels, creating a major conflict of interest that was never disclosed to them.” He said Tilton and her firm “collected almost $200 million in fees and other payments to which they were not entitled.” The three CLO funds are collectively known as the Zohar funds, which have raised more than $2.5 billion from investors. The strategy for the Zohar funds has been to improve the operations of the distressed portfolio companies so they can pay off their debt, increase in value and eventually be sold for a profit, according to the SEC. The SEC’s

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Mexican Exotic Leather Brand Cuadra Eyes Foreign Markets

LEON, Mexico — Cuadra, a Mexican exotics and Western-style leather goods brand, is boosting expansion in the U.S. and Latin America and hopes to enter Europe in the medium-term to operate 300 points of sale by 2018, said the firm’s commercial manager Edgar Carrillo. The label, whose alligator jackets fetch $20,000, also expects revenues to jump 5 percent this year as it opens four to five new stores in Mexico and boosts marketing initiatives. “We have 200 points of sale now so we should have 300 by 2018,” Carrillo said on the sidelines of the Sapica footwear trade show. Leon-based Cuadra plans to open this year’s stores in Guadalajara and Mexico City, Carrillo said, adding that future outlets will be located in the country’s key cities while the brand will install additional corners in the El Palacio de Hierro and Liverpool department stores. In early 2016, Cuadra hopes to leap into the U.S. multiretail market with a major department store chain to move beyond a store in The Palazzo mall in Las Vegas, Carrillo said. At the same time, Cuadra will boost its South American presence by opening doors in Falabella department stores across Chile and Peru as well as a standalone store in Bogota,

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