All Sequential Brands articles
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Article
Stocks of footwear firms benefit from the re-opening of the economy in Q2
In the second quarter, stocks of footwear companies were generally higher as they benefited from the reopening of the economy, following the easing of Covid-19 restrictions, and a subsequent rebound in the consumption of clothing and shoes. Large U.S. footwear companies, which had already posted strong gains in the first ...
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News briefs
Management reshuffle at Sequential Brands
On May 3, William Sweedler resigned as executive chairman of the struggling Sequential Brands Group , which has been granted a waiver on its credit covenant defaults until June 7. The board of directors has elected one of its members, Silvia Mazzucchelli , as chairwoman. The company’s chief ...
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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, has sold the Heelys brand of wheeled shoes to BBC International , a U.S. footwear company that has been Heelys’ core licensees since 2013, when Sequential bought the brand for $5.5 million. Heelys ...
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Article
Sequential Brands cannot comply with its covenants
Sequential Brands , a U.S. group that has a portfolio of consumer brands including Heelys , Avia and DVS , said that it is not expected to be able to comply over the next twelve months with certain of its financial covenants. It noted that if it fails ...
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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 ...
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Article
Stocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
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News briefs
Heelys’ parent undergoes strategic review
Sequential Brands , a U.S. group that has a portfolio of consumer brands including Heelys , Avia and DVS , said that its board has relaunched a “broad exploration of strategic alternatives.” The alternatives may include the sale of the company or the disposal of one or more brands. ...