While exploring strategic options to keep afloat, the Sequential Brands Group has announced the sale of its 65 percent stake in DVS Footwear to Elan Polo International for $2 million in cash. DVS is a global American brand of skate shoes founded in 1995. In April, Sequential sold another footwear brand in its wide portfolio, Heelys, to its main licensee, BBC International, for $11 million. Sequential still owns a raft of other brands including And1, Avia and Gaiam.

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