The UK retailer, which owns 9% of ICON stock, nominated four candidates for the licensing company’s board of directors and sent that board a stern letter calling out its current leadership for chronic mismanagement. SDI, which took its stake in Iconix in early 2016, said “numerous operational and strategic decisions initiated by the Company have resulted in severe value destruction for its investors.” ICON shares have lost almost 99% of their value from the 2014 high, and currently trade for around 65 cents. The letter also noted the loss of several major direct-to-retail licensing agreements, the largest being Walmart’s non-renewal ... Log in to view full article.