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prada book acquisition group was required to go through the bankruptcy auction because Long Fog Group, the brand's parent and holding company, is under court supervised bankruptcy protection.Iconix is a brand management company. It doesn't stitch the clothes, but licenses the name to third parties who handle the manufacturing.Iconix's brands include Candie's, Badgley, Mischka, Rampage, Bongo and Joe Boxer. Iconix recently agreed to acquire, a designer and licensor of upscale casual clothes. The deal is expected to close in September.Santa Monica, Calif. based Mossimo reported fiscal 2005 sales of $31 million, up about 51% from 2004 and net income of $4.7 million, up about 74%.Iconix said it will sign a license agreement with outwear make Herman Kay Bromley to make men's and women's outerwear and women's suits in the United States.London Evening StandardSought after items such as 1,200 handbags and designer clothes have also been sold to bona fide stores which knew the items they were buying had been stolen.Dramatic new details of how the motorcycle raiders operate can be revealed today as police launched a second wave of arrests against the crime gangs.A 17 year old, alleged to be one of the ringleaders, has been seized in Islington while police also recovered stolen Ralph Lauren clothing in a search at an address in Hackney.Police sources have told the Standard that the raids more than 32 so far this year were carried out by teams of organised robbers.They were using a method of operation one detective likened to something out of the film Mission Impossible.The teams of raiders would load stolen motorcycles with their licence plates removed into the back of an anonymous looking van and drive into central London. The gang would have already reconnoitred the store they planned to attack and, once they were close to the premises, the motorcycle riders, carrying pillion passengers armed with sledgehammers, would drive out of the back of the van and race to the target. With lightning speed the bike passengers smashed the front windows of the stores and then grabbed as much property as they could carry.They would then speed back to the van, load the bikes on board