The rapper says the panel doesn’t have enough African Americans.
In addition to a bad-debt charge of $8.2 million, Iconix lowered guidance on full-year forecasts.
The Nineties-inspired line looks to fuse the Daniel Patrick streetwear aesthetic with the heritage athletic brand.
The designer company recently introduced its second collection for home, and will showcase girls’ apparel on its spring runway.
Iconix said it has held talks with Sports Direct, who is “effectively seeking control of the company without paying a control premium.”
Nine subpoenas resulted in nearly 11,000 pages of documentation connected to the Iconix-Rocawear deal.