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.

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