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"Urbanwear" designer Marc Ecko has been on the brink of ruin for many months now. He had to sell off parts of his company to stay afloat, he put his ridiculously over-the-top office/gymnasium in Chelsea up for lease, and his 30,000-square-foot castle in New Jersey was hit with several liens after he had trouble coming up with the cash to finish $21 million worth of renovations. But Ecko has been tossed a life preserver. The apparel company Iconix has announced it's taking a majority stake in Ecko's company. He won't have to worry about going bust any longer, and his line of streetwear will finally be united with its spiritual cousin, Rocawear. Everyone wins! [Crain's]