For some time now it has been reported that Ecko designer and owner has been struggling to keep the lights on over at the brand, with talk of poor sales, debt and much more now details on the designer’s loss landed online (October 28).
Check it out…..
Ecko was forced to sell off a controlling stake in Ecko, middle America’s most familiar hip-pop fashion line in order to raise cash to pay off creditors. It’ll help the feeble brand hobble on, but it won’t be his. (Gawker)
in the past he has also discussed his battle with creditors:
“I’ve had a crazy, wild ride,” Ecko explained in an interview. “I’ve done a lot of things that have been naive. I’ll take my lumps for a lot of things that, in retrospect, were a little indulgent. Life happens. I don’t regret any of it…I’ve lived through a leveraged position. I don’t know whether, once you grow up your business like that, you have full control anymore anyway. Reports of my demise have been reported often and early.” (New York Post)
Marc Ecko’s financial records show his company is nearly $200 million in debt ouchhhhh!
honestly how many people rock Ecko? ……