Sequential Brands Group news and archive

Sequential sells Heelys brand to BBC International

Sequential Brands Group, Inc. has closed on the sale of its Heelys brand to BBC International for 11 million dollars in cash proceeds. The company said that the majority of the net proceeds from the sale will be used to pay down debt. “The divestiture of the Heelys brand was an outcome of the board’s exploration of strategic alternatives, a...

Business

Sequential Brands Group records profit in Q3

Sequential Brands Group Total revenue for the third quarter ended September 30, 2020 at Sequential Brands Group was 24 million dollars compared to 25.4 million dollars in the prior year quarter. Adjusted EBITDA from continuing operations reached 18.9 million dollars compared to 13.2 million dollars in the prior year quarter. On a GAAP basis, the...

Business

Sequential Brands Group narrows Q2 loss

Second quarter revenues at Sequential Brands Group, Inc. was 22.6 million dollars compared to 26.4 million dollars in the prior year quarter. On a GAAP basis, loss for the quarter was 2.9 million dollars or 1.78 dollars per diluted share compared to loss of 3.3 million dollars or 2.03 dollars per diluted share, while non-GAAP net loss was 1.8...

People

Sequential Brands Group names Davin Conn as new CEO

Sequential Brands Group, Inc. has announced that brand executive David Conn has been appointed Director and Chief Executive Officer of the company. The company said in a statement that Conn brings with him over 25 years of experience and vast knowledge in brand management and marketing. Most recently, he served as CEO of ThreeSixty Brands, where...

Business

Q3 net loss widens at Sequential Brands Group

Third quarter revenues at Sequential Brands Group, Inc. were 25.4 million dollars compared to 29.5 million dollars in the prior year quarter. On a GAAP basis, net loss was 18.4 million dollars or 28 cents per diluted share compared to 10.5 million dollars or 16 cents per diluted share. Non-GAAP net loss for the quarter was 0.9 million dollars or...

Business

Sequential hires Stifel to explore strategic alternatives, CEO Karen Murray steps down

Sequential Brands Group, Inc. has announced that its board of directors is conducting a broad review of strategic alternatives focused on maximizing shareholder value including the divestiture of one or more existing brands, the acquisition of one or more new brands, a stock buyback program, and other initiatives. The company also announced...

Business

Sequential renews partnership with Camuto for Jessica Simpson footwear business

Sequential Brands Group, Inc. has signed a long-term licensing partnership renewal with Camuto Group, a footwear and accessory designer and developer, which is now owned by DSW Inc. Under the new partnership agreement, Camuto, the company said, will continue to develop Jessica Simpson’s footwear business, which is currently sold at retail stores...