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

Quick Facts

Editors Pick
A search has been launched for a dog that was placed aboard a wrong WestJet flight and ended up in Hamilton. The labradoodle named Cooper was mistakenly put on a flight to Hamilton and got off its leash in the Ontario city after it was taken out of its kennel by airline staff for a walk. Network management services provider Real Matters Inc. has filed preliminary prospectus for initial public offering in Canada. The filing is done with Ontario Securities Commission. According to Bloomberg, the Canadian real estate data firm is planning to raise around C$125 million or $96 million. Struggling women's apparel retailer Bebe Stores Inc. will close all its stores by the end of May 2017. In a filing with the Securities and Exchange Commission on Friday, Brisbane, California-based Bebe said it expects to incur an impairment charge of about $20 million as a result of the store closures.
comments powered by Disqus
Follow RTT