All Sequential Brands Group articles
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News briefs
Sequential sells Heelys for $11m
The Sequential Brands Group, which is under strong pressure to pay back its debts, said it has sold the Heelys brand of wheeled shoes to BBC International, a U.S. company specializing in children’s footwear that has been Heelys’ core licensees since 2013, when Sequential bought the brand for $5.5 million. ...
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News briefs
Sequential narrows losses, but deadline looms
While reporting lower losses, the Sequential Brands Group, whose brand portfolio includes And1 and Avia, warned that it will not be able to comply with some of its debt covenants for the next 12 months. It is still negotiating an extension of a new waiver on a credit agreement expiring ...
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News briefs
Lenders take control of Sequential’s board
Four out of the eight members of Sequential Brands Group’s board of directors have resigned as required by the extension until Apr. 19, 2021 of a credit agreement with Wilmington Trust and other lenders. The remaining members on the board represent mostly lenders such as KKR and Blackstone Group. The ...
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News briefsSequential undergoes strategic review
The Sequential Brands Group’ s board of directors has re-launched a “broad exploration of strategic alternatives,” which may include the sale of the company or the disposal of one or more of its brands. The company’s vast portfolio includes sports brands such as And1, Avia and Heelys , among ...
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News briefs
Sequential turns around
The Sequential Brands Group turned around in the third quarter, posting net income from continuing operations of $4.5 million against a loss of $18.4 million in the year ago period. The recovery was partly aided by a gain of $3.7 million from the sale of two non-core brands. Total revenues ...
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Article
Major League Baseball was the world’s largest sports licensor in 2018
On a list of the world’s largest licensors, published annually by USPA Global Licensing Inc.’s Licence Global magazine, and including organizations from all industries, U.S. Major League Baseball (MLB) was once again the top-ranked sports rights holder on a list of the world’s largest licensors in 2018. Its retail sales ...
