VTEX (NYSE:VTEX), the global enterprise digital commerce platform, today announced the appointment of Silvia Mazzucchelli, renowned executive of the US Retail & Consumer industry, to its board of directors. Silvia has vast experience in the American market as a former C-level executive of companies like GUESS, TOMS Shoes, American Apparel, ModCloth (a Walmart ecommerce portfolio company), and The Collected Group (a KKR portfolio company). She is a senior advisor to retail and consumer practice to The Boston Consulting Group and serves on corporate boards, including as Chair of the Board of Coyuchi Inc.; and director of Carbon38. Previously, she had also served as Chair of the Board of Seque

NEW YORK, Aug. 31, 2021 (GLOBE NEWSWIRE) -- As previously disclosed, on May 25, 2021, Sequential Brands Group, Inc. ("Sequential" or the "Company") and certain of its subsidiaries received a letter from the Nasdaq Stock Market ("Nasdaq") notifying the Company that as a result of not having timely filed its Quarterly Report on Form 10-Q for the period ended March 31, 2021 (the "Form 10-Q") that the Company was not in compliance with the requirements of Nasdaq Listing Rule 5250(c)(1). On August 25, 2021, the Company received an additional letter from Nasdaq indicating that the Company remains delinquent in filing the Form 10-Q for the period ended March 31, 2021 as well as for the period end

Company to Facilitate Transaction Process and Sale of Its Assets Through Court-Supervised Process Receives a Commitment for $150 Million in Debtor-in-Possession Financing NEW YORK, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. ("Sequential" or the "Company") (NASDAQ:SQBG) today announced that it, together with its wholly-owned subsidiaries, has commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware (the "Court"). The Company determined that, as a result of the significant debt on its corporate balance sheet, it was no longer able to operate its portfolio of brands. Accordingly, in conjunction with the filing, th

NEW YORK, April 26, 2021 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. (NASDAQ:SQBG) announced today that it has closed on the sale of its Heelys brand to BBC International for $11 million in cash proceeds. "The divestiture of the Heelys brand was an outcome of the Board's exploration of strategic alternatives, a process that is still underway," said William Sweedler, Executive Chairman of Sequential. "The Heelys brand was originally acquired in 2013 for a net purchase price of approximately $5.5 million (after accounting for cash on the Heelys balance sheet that we received at the time of the 2013 purchase). BBC International has been the core licensee of Heelys since 2013. We believ

NEW YORK, April 15, 2021 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. ("Sequential" or the "Company") (NASDAQ:SQBG) today announced financial results for the fourth quarter and full year ended December 31, 2020. Reverse Stock Split: On July 27, 2020, the Company's previously announced 1 share-for-40 shares (1:40) reverse stock split (the "Reverse Stock Split") of the Company's outstanding common stock, par value $0.01 per share became effective. All share and per share amounts in this press release reflect the Reverse Stock Split. Prior periods have been reclassified to reflect the change in the Company's stated capital attributable to common stock which was reduced proportionately

NEW YORK, March 15, 2021 (GLOBE NEWSWIRE) -- AND1, basketball’s original street ball brand, which is owned by Sequential Brands Group, Inc. (Nasdaq: SQBG), formally announces the signing of Toronto Raptors Norman Powell. As a San Diego native, the six-year Raptors “2” guard is slated to have a breakout season sporting AND1 footwear and apparel. The final dots of the partnership were connected by AND1 Head of Sports Marketing, Dexter Gordon. “We are excited about partnering with Norman. His drive, hardnosed athletic play and mantra “understand the grind” fit perfectly with the AND1 ethos. I’m really excited about welcoming Norman Powell to the AND1 family,” says Dexter Gordon. As th

NEW YORK, Jan. 13, 2021 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. (Nasdaq:SQBG), the owner of the William Rast brand, announced today that it has signed new partners for its women’s and men’s denim business. The Company has partnered with Omega Apparel to develop a new line of men’s denim and Millennial Apparel Group for women’s denim. “We’re excited to create new collections of men and women’s denim. Since the William Rast brand launched in 2005, it has been known for delivering quality, fashion forward design and premium fit. We’re looking forward to the launch later this year and expanding the brand into additional distribution channels too,” said Arta Isovski, Senior Vic

OKLAHOMA CITY--(BUSINESS WIRE)--The law firm of Federman & Sherwood has initiated an investigation into Sequential Brands Group, Inc. (NASDAQ: SQBG) with respect to possible violations of federal securities laws. Sequential Brands Group, Inc. (“Sequential” or “SQBG”), together with its subsidiaries, owns various consumer brands in the active and lifestyle categories. Federman & Sherwood’s investigation focuses on disclosures made by SQBG and whether certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. On December 11, 2020, the U.S. Securities and Exchange Commission (“SEC”) issued a press release announcing that

NEW YORK, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. ("Sequential" or the "Company") (NASDAQ:SQBG) today announced that its Board of Directors has relaunched a broad exploration of strategic alternatives available to the Company to best position it for success and maximize value. Such strategic alternatives may include the sale of the Company or the divestiture of one or more existing brands. Stifel is the exclusive financial advisor for the process. “The Company has successfully rationalized its cost structure and strengthened its relationships with key stakeholders during the past several months. We believe now is the right time to re-focus on the process of explorin