Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Sequential Brands Acquires Ellen Tracy & Caribbean Joe - Quick Facts

RELATED NEWS
Trade SQBG now with 

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.

Click here to receive FREE breaking news email alerts for Sequential Brands Group Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
The U.K. economy grew more than estimated in the second quarter and the current account deficit widened from the first quarter, the Office for National Statistics said Tuesday. Gross domestic product grew 0.9 percent sequentially, up from the prior estimate of 0.8 percent. The annual growth was confirmed at 3.2 percent. Eurozone inflation slowed in September, as expected, to the lowest since late 2009 and the unemployment rate remained stable at a double digit level in August putting pressure on the European Central Bank to launch a full-blown easing. Inflation came in at 0.3 percent, slower than August's 0.4 percent. This was the lowest since October 2009, when prices fell 0.1 percent. Chinese authorities on Tuesday eased some rules for mortgages for buying a second home, in a bid to boost the housing market. The People's Bank of China and the China Banking Regulatory Commission said in a joint statement that buyers who already own one apartment, but have paid off the mortgage...
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.