With continuous news spreading of company after company folding or taking drastic hits during these recessive times, it comes as no surprise when we hear of another one. On today’s list of those being in grave danger of falling prey to the current economic turmoil is Marc Ecko’s hip-hop clothing line.

According to reports, Ecko’s brand is in debt $200 million due to a significant decrease in sales this past season. The company is said to owe Li & Fung, the trading company that helps manufacture their clothes and CIT. Company reps remain optimistic about the situation and have enlisted the help of investment banker Peter J. Solomon in hopes of getting this issue resolved.

Brace yourselves people…this recession doesn’t discriminate.

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