Neil Cole resigned last Friday as chairman, chief executive and president of Iconix Brand Group, parent company of Danskin, Umbro, Ocean Pacific, Candie's and many other brands. The news, which came ahead of today's release of the company financial results, precipitated its share price, which has been under pressure following allegations of improper accounting practices that led to the departure of other top managers. A member of the board, Peter Cuneo, has been appointed chairman and interim CEO. Early today, Iconix reported a drop in net income to $19.4 million for the second quarter ended June 30, down from $38.8 million in the year-ago period, as revenues fell by 17.2 percent to $98.5 million, due in part to a foreign exchange impact of around $3.7 million.

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