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...

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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 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...

People

Karen Castellano joins Sequential as President of Fashion

Sequential Brands Group, Inc. has appointed Karen Castellano as President of Fashion reporting, directly to the company's CEO Karen Murray. The company said, Castellano will oversee the company's brands in its fashion division, which includes Jessica Simpson, Joe’s, William Rast, and Ellen Tracy. “I’m excited to welcome Karen Castellano to...

Business

Sequential Brands Group posts drop in Q1 revenue

Under new revenue recognition standard, ASC 606, Sequential Brands Group recorded revenue for the first quarter of 2018 of 38.1 million dollars. The company said, on a GAAP basis, the net loss for the quarter was 2.3 million dollars or 0.04 dollar per diluted share, while on a non-GAAP basis, net income was 3.6 million dollars or 0.06 dollar per...

Business

Sequential Brands Group reports 8 percent revenue rise in FY17

Total revenue at Sequential Brands Group, for the fourth quarter ended December 31, 2017, increased 3 percent to 46.9 million dollars compared to 45.4 million dollars in the prior year quarter. Total revenue for the year increased 8 percent to 167.5 million dollars, according to the latest report from the fashion company. “We ended the full year...

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Sequential Brands Groups appoints new CFO

Sequential Brands Group, Inc. has announced the appointment of Peter Lops as Chief Financial Officer. The company said, Lops joins Sequential from Viacom Media Networks, where he served as the chief financial officer and chief operating officer for the distribution and business development division. In this position, the company added, Lops will...

People

Kevin Garnett appointed Creative Director of And1

Sequential Brands Group, Inc. has signed a multi-year partnership with NBA legend Kevin Garnett as the Creative Director and Global Brand Ambassador for basketball brand And1, as it celebrates the 25th anniversary year. "For 25 years, And1 has remained synonymous with the game of basketball and its street-ball lifestyle," said Eddie Esses,...