|Over a month ago|
Xcel Brands acquires LOGO by Lori Goldstein, terms not disclosed » 08:0204/0504/05/21
Xcel Brands announced it…
Xcel Brands announced it has entered into an agreement to acquire the Lori Goldstein brands, including LOGO by Lori Goldstein. The acquisition focuses on growing the popular brand through a multi-channel approach including Live streaming, e-commerce and global direct-response television networks, and expanding the business into new products and categories.
|Over a quarter ago|
Xcel Brands reports Q1 adj. EPS 0c, one estimate (5c) » 16:1905/1905/19/20
Reports Q1 revenue…
Reports Q1 revenue $9.53M, one estimate $8.2M. The company's balance sheet at March 31 contained stockholders' equity of approximately $98M, cash and cash equivalents of approximately $4.2M and working capital, exclusive of the current portion of lease obligations, of approximately $7.8M. Robert D'Loren, chairman and CEO of Xcel commented, "We are pleased with the growth in our wholesale and e-commerce channels. Although our bottom-line results are down from last year's first quarter, we are pleased with our results in light of the events associated with the COVID-19 pandemic. We remain vigilant over expense reductions and cash conservation so that we may emerge from this event stronger than when it started".