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Slide #19. Sequential Brands Group, Inc. — Ellen Tracy & Caribbean Joe Brands
Sequential Brands Group, Inc. (NASDAQ:SQBG)
Ellen Tracy & Caribbean Joe Brands
Sequential Brands Group, Inc. (OTC:SQBG) ("Sequential" or the "Company") today announced that it acquired the intellectual property management company that owns two consumer lifestyle brands, Ellen Tracy and Caribbean Joe. The purchase price of the transaction was comprised of $62.3 million in cash and approximately 2.8 million shares of common stock of Sequential.
Sequential Brands Group owns a portfolio of consumer brands in the active and lifestyle categories, including, Jessica Simpson, AND1, Avia, Joe's and GAIAM. Co.'s brands are licensed for a range of product categories, including apparel, footwear, fashion accessories and home goods. In a wholesale license, a wholesale supplier is granted rights to a single or small group of related product categories for a particular brand for sale to various accounts within an approved channel of distribution and territory. In a direct-to-retail license, a single retailer is granted the right to sell branded products in a range of product categories through its brick and mortar stores and e-commerce sites.
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Hold (2.00 out of 4)
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