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...

Fashion

Sequential's Q4 GAAP loss widens to 7.9 million dollars

For the fourth quarter, Sequential Brands Group, Inc. reported total revenue from continuing operations of 24.2 million dollars compared to 35.2 million dollars in the prior year quarter. On a GAAP basis, the company said, loss from continuing operations was 7.9 million dollars or 12 cents per diluted share compared 5.7 million dollars or 9...

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 posts Q2 net loss of 3.3 million dollars

Sequential Brands Group, Inc. said total revenue from continuing operations for the second quarter ended June 30, 2019 was 26.4 million dollars compared to 33.1 million dollars in the prior year quarter. On a GAAP basis, net loss from continuing operations was 3.3 million dollars or 5 cents per diluted share compared to net income of 2.2 million...

Business

Sequential Brands Group relaunches Caribbean Joe brand

Sequential Brands Group, Inc., the owner of the Caribbean Joe brand, has signed several new partnerships for the brand in categories such as fragrance, kid’s swimwear, women’s pajamas and loungewear, and men’s and women’s sportswear. “This relaunch is the culmination of work we’ve done to refresh the iconic Caribbean Joe brand with a more modern...

Business

Denim brand Joe’s forays into fragrance with Bellevue Brands

Sequential Brands Group, Inc. has signed a licensing agreement for denim lifestyle brand Joe's, with Bellevue Brands, Inc. to develop, produce and distribute a line of men’s and women’s fragrances. The company said, Joe’s Icon Indigo for him consists of scents such as Italian mandarin and bourbon accord, while Joe’s Icon Indigo for her...

Business

Sequential Brands Group reports drop in Q1 revenue

For the first quarter ended March 31, 2019, Sequential Brands Group, Inc. has reported total revenue of 36.9 million dollars compared to 38.1 million dollars for the same period last year. On a GAAP basis, net loss for the first quarter 2019 was 125.3 million dollars or 1.95 dollars per diluted share compared to a net loss for the first quarter...

Business

Sequential Brands Group manages to narrow Q4 net loss

For the fourth quarter to December 31, 2018, Sequential Brands Group, Inc. said on a GAAP basis, net loss was 2.2 million dollars or 3 cents per diluted share. Under ASC 605, the company added, GAAP net loss would have been 1.2 million dollars or 2 cents per diluted share compared to net loss of 162.9 million dollars or 2.58 cents per diluted...

Fashion Featured

What to expect in fashion news from week 10, 2019

What’s going on in the world of fashion this week? FashionUnited takes a look ahead at the upcoming news and events for the tenth week of the year. Below are the main points from the editorial agenda in the period between 4-10 March, 2019. Paris Fashion Week AW 2019 (25 February-5 March) Paris Fashion Week is back with its AW 2019 edition,...