US retail group Candie's Inc has revealed that it will change its corporate name to Iconix Brand Group Inc on 1 July, and will trade on the NASDAQ stock exchange under the ticker symbol ICON.

The name change represents the final step of the transformation of the company's business from an operating footwear and apparel company to a brand management business.

Iconix currently owns the Candie's, Bongo and Badgley Mischka brands, and has licensed them in a broad variety of categories to retailers, wholesalers and distributors worldwide.

Neil Cole, Chairman and CEO of Iconix, stated, "The word Iconix symbolizes our goal of owning a strong and diversified portfolio of many leading brands."

Candie's Inc licenses the Candie's and Badgley Mischka trademarks to retailers and manufacturers worldwide.