Sequential Brands Group Sells Two More Brands
SQBG will receive $17 million for Ellen Tracy and $3 million for Caribbean Joe from GMA Group, which owns Capelli New York and several other brands. The transaction comes just two weeks after SQBG sold the DVS skate brand to Elan Polo. Proceeds from the cash sales were immediately applied to Sequential’s revolver loan, according to an SEC filing. A month ... Log in to view full article.
