Xcel Brands delivered higher revenue than we had expected in the second quarter ending June 2023, as product sales were boosted by sales of inventory to the new licensee of the Judith Ripka fine jewelry brand. The topline was just the first of several details in the Company’s quarter report that reflected the impact of […]
Category: XELB
Update Report – Xcel Brands (XELB) – May 23, 2023
Xcel Brands delivered encouraging strategic news with the announcement of a new master license agreement for its Halston brand. A major apparel wholesaler has given Xcel Brands an upfront cash payment for the deal and committed to minimum guaranteed royalties over a 25-year license period. The wholesaler’s expansive distribution channels with department stores, e-commerce and […]
Update Report – Xcel Brands, Inc. (XELB)
Recently Xcel Brands management delivered welcome news to shareholders of plans to adjust the Company’s operating structure to a ‘license plus’ business model. The Company began in early April to reduce staff focused on the production supply chain and expanded a license partnership for manufacture of branded apparel. As much as $10 million in annual […]
Update Report – Xcel Brands (XELB)
A new update report for Xcel Brands discusses the financial results announced earlier this month. The Company reported financial performance for the third quarter ending September 2022, the first full quarter that financial results reflected the new minority ownership in Mizrahi brand. Shareholders had already seen a deleverage balance sheet and the use of cash […]
Update Report – Xcel Brands (XELB)
Shareholders of Xcel Brands were treated to an ‘as expected’ report for the quarter ending June 2022, following the previously disclosed sale of a majority share in one the Company’s principal consumer brands. The deal to sell a 70% interest in the Mizrahi brand closed at the end of May 2022, and could be observed […]