Xcel Brands Inc

NASDAQ:XELB   3:45:47 PM EDT
1.20
-0.04 (-3.23%)
Products, Equity Investments, Mergers / Acquisitions

Whp Global Acquires Controlling Stake In Isaac Mizrahi® Fashion Brand From Xcel Brands

Published: 05/31/2022 19:09 GMT
Xcel Brands Inc (XELB) - Whp Global Acquires Controlling Stake in Isaac Mizrahi® Fashion Brand From Xcel Brands.
Xcel Brands Inc - Transaction, Valued at $68 Million, Includes $46.2 Million in Cash Proceeds to Xcel.
Xcel Brands Inc - Will Retain a 30% Minority Interest in Isaac Mizrahi Brand.
Xcel Brands Inc - Has Entered Into a New License Agreement to Design and Distribute Isaac Mizrahi Apparel in US and Canada.
Xcel Brands Inc - Xcel Will Continue to Manage Qvc Business With Whp Global.
Xcel Brands Inc - Whp Will Purchase a Controlling 70% Interest in Fashion Brand Isaac Mizrahi.