logo
Share SHARE
FONT-SIZE Plus   Neg

Sequential Brands Acquires Ellen Tracy & Caribbean Joe - Quick Facts

Sequential Brands Group, Inc. (SQBG.OB) announced that it acquired the intellectual property management company that owns two consumer lifestyle brands, Ellen Tracy and Caribbean Joe. The purchase price was comprised of $62.3 million in cash and approximately 2.8 million shares of common stock of Sequential.

The company estimates that Ellen Tracy & Caribbean Joe brands together will generate between $12 million and $14 million in royalty revenues in the next 12 months. On a combined basis with the company's existing brand portfolio, Sequential Brands is projecting forward 12-month royalty revenues of $23 million-$25 million from its six brands.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipotle Mexican Grill Inc. (CMG) on Monday reported a surge in profit for the first quarter, as revenues climbed 20 percent on new restaurant openings and strong same-restaurant sales. Earnings for the quarter trounced Wall Street expectations, but revenues fell short of estimates, hurt largely... Yahoo reported a plunge in profit, hurt by lower prices for display ads as well as one-time charges. Its results fell short of Street estimates, denoting the challenges CEO Marissa Mayer faces in implementing her turnaround plans at the Internet company. Amgen Inc. (AMGN) on Tuesday reported a surge in profit for the first quarter, as revenues grew 11 percent on better pricing and strong demand with research costs falling. Both earnings and revenues for the quarter trumped analysts' estimates. Moving ahead, the drug maker raised its outlook for the full...
comments powered by Disqus
Follow RTT