Capsule

Rhino Hits a Rough Patch

July 15, 2009 BY CAPSULESNEWS

ecko.jpg

The large bronze rhinoceros statues grazing inside hip-hop clothing designer Marc Ecko's massive 275,000-square-foot headquarters on

West 23rd Street

may soon be out of a home. The entire space, which costs more than $9 million a year and includes a half-size basketball court, is now on the market, according to the site's leasing agent, FirstService Williams. The clock is ticking for Mr. Ecko, who is desperately trying to raise enough capital to pay off Marc Ecko Enterprises' debts. In June, Ecko sold its watch trademarks to Timex Group, the former licensee, and subsequently unloaded its Avirex young men's brand to Kids Headquarters. Additionally, Ecko bailed out of a pricey Times Square lease and closed its Cut & Sew boutique in Chelsea. Read the full story here.  (Crains)