Home / Knowledge / News / Apparel/Garments / Sequential Brands picks stake in Jessica Simpson brand
Sequential Brands picks stake in Jessica Simpson brand
06
Apr '15
Sequential Brands Group said it will acquire a majority interest in the Jessica Simpson brand, including the Jessica Simpson Collection master license and other rights.

Brand founder Jessica Simpson, who selected Sequential as her new business partner, will continue to own the balance of the equity and the transaction is expected to close within 90 days.

Founded in 2005, the Jessica Simpson Collection which has an annual turnover of around $1 billion is a signature lifestyle concept inspired by and designed in collaboration with Jessica Simpson.

The growing brand offers 31 product categories including footwear, apparel, fragrance, fashion accessories, maternity apparel, girls clothing and a home line.

The brand is supported by nearly 20 best-in-class licensees and has strong department store distribution through Dillard's, Macy's, Belk, Lord & Taylor and Nordstrom, among other independent retailers.

Tina Simpson, creative director of The Jessica Simpson Collection, will continue to be an integral part of Ms. Simpson's LA based team.

"Working together with the powerful management team at Sequential and with all of our trusted retailers and licensees, including Camuto Group, there is no limit to our success,” Jessica Simpson said in a statement.

"Jessica Simpson is an entertainment and style icon who successfully built an incredibly strong fashion brand with best-in-class licensees and leading retail partners," Yehuda Shmidman, CEO of Sequential said.

"Sequential is thrilled to partner with Jessica, her team and all the brand's licensing partners, including Camuto Group for footwear,” he added.

“Together with Sequential's global activation platform, we believe the brand will continue to grow in current markets and in new markets around the world," he observed.

Concurrently with the closing, Camuto Group's master license for the Jessica Simpson Collection will be replaced with a newly signed long-term license agreement to manufacture and distribute footwear.

Alex Del Cielo, CEO of Camuto Group said, "We are excited to work with Sequential and to continue working closely with Jessica and the Jessica Simpson brand.”

“We have enjoyed many years of success with Jessica and we are committed and looking forward to many more years ahead," he noted.

Sequential has obtained committed financing from Bank of America and GSO Capital Partners LP, an affiliate of Blackstone Group.

Sequential Brands Group owns, promotes, markets, and licenses a portfolio of consumer brands in the fashion, active, and lifestyle categories.

The Jessica Simpson Collection is inspired by and designed in collaboration with Jessica Simpson, entertainment, music and style icon and is currently available in over 2,500 points of distribution worldwide. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search