Nutrition Business Journal
Nutrition Capital Network

Nutrition Capital Network news: Sequential Brands enters sports footwear category

Nutrition Capital Network facilitates financing and asset sales for growing companies and introduces investors to the next generation of successful brands & technology in the nutrition and health & wellness industries. Below is news from June.

Sequential Brands Group Inc. (Los Angeles, Calif.), owner of the William Rast and People’s Liberation fashion brands, has signed a definitive agreement to acquire the DVS brand from DVS Shoe Company Inc. for approximately $8.55 million in cash. Sequential Brands reportedly made the highest offer at a bankruptcy court auction for DVS. The acquisition will extend Sequential Brands' licensing platform into the footwear category.

DVS-branded products are sold worldwide at specialty action sports retailers. "This is the first of many acquisitions for Sequential," said William Sweedler, co-founder of Tengram Capital Partners and chairman of Sequential Brands. The company’s business model is focused on licensing its consumer brands to top retailers, wholesalers, and manufacturers worldwide.

Disclaimer: NCN does not warrant the accuracy, reliability, or timeliness of any NCN news item. Before relying on any NCN News item the information should be independently verified.

For more finance and investment information, visit Nutrition Capital Network news.

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.