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Article Date: May 2020
Word Count: 159

Sequential Brands Group Issues Going Concern Warning


SQBG’s net loss of $86,613,000 included a $85.6 million write down of the Jessica Simpson, Gaiam, Joe’s and Ellen Tracy brands, but was lower than last year’s $125,345,000 loss that included $120.6 million in losses from the since divested Martha Stewart brand. Licensing revenues were off 21% to $20,231,000 from $25,524,000, but active brands Gaiam and Spri exercise equipment, Avia activewear and And1 underwear and socks were called out as strong sellers. Sequential ended the quarter with $13.3 million ... Log in to view full article.

 


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