xcel brands inc (XELB) Key Developments
Xcel Brands, Inc. Announces Executive Changes
Jun 3 15
On June 2, 2015, Marisa Gardini resigned as director of Xcel Brands, Inc. and advised the Board that
her resignation was not based on any disagreement with XCel's operations, policies or practices. On June 2, 2015, Michael Francis was appointed as a director of XCel. Mr. Francis was also appointed to serve as a member of the Audit Committee of the Board of Directors of Xcel. Since February 2012, Michael Francis has served as the Chief Global Brand Officer of DreamWorks Animation SKG. During this tenure with DreamWorks, Mr. Francis has been responsible for global consumer products, retail, brand strategy, creative design, location-based entertainment, digital, publishing and franchise development.
Xcel Brands, Inc. Announces Unaudited Consolidated Earnings Results for the Year Ended December 31, 2014
Apr 2 15
Xcel Brands, Inc. announced unaudited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported total revenues of $20,707,000 compared to $13,165,000 a year ago. Operating income was $1,435,000 compared to $2,092,000 a year ago. Loss from continuing operations before income taxes was $53,000 compared to income from continuing operations before income taxes of $366,000 a year ago. Income from continuing operations was $44,000 compared to $1,688,000 a year ago. Net loss was $1,032,000 or $0.08 per diluted share compared to net income of $1,532,000 or $0.16 per basic and diluted share a year ago. Non GAAP net income was $5,184,000 or $0.40 per diluted share compared to $3,447,000 or $0.35 per diluted share a year ago. Adjusted EBITDA was $7,012,000 compared to $4,154,000 a year ago.
Xcel Brands, Inc. Presents at 27th Annual ROTH Conference, Mar-10-2015 02:00 PM
Feb 13 15
Xcel Brands, Inc. Presents at 27th Annual ROTH Conference, Mar-10-2015 02:00 PM. Venue: The Ritz Carlton, 1 Ritz Carlton Dr, Dana Point, CA 92629, United States.
Xcel Brands, Inc. Signs an Exclusive License with True Cosmetics, LLC
Jan 30 15
Xcel Brands, Inc. signed an exclusive license with True Cosmetics, LLC. This agreement will provide True Cosmetics the license to develop, manufacture and distribute skincare and cosmetics under the TRUE Isaac Mizrahi label. The designer cosmetics and skincare line, TRUE Isaac Mizrahi, will launch in a fully omnichannel format beginning in February on QVC, IsaacMizrahi.com and at Beauty Brands retail stores nationwide. TRUE Isaac Mizrahi was created by estheticians, making it the only cosmetic brand that combines spa quality and designer creativity. The comprehensive line contains innovative collections of anti-oxidant skincare, color cosmetics and face makeup all infused with the TRUE Beauty Cocktails, proprietary blends of CoQ10, green and white teas, Vitamins A and E and marine algae for a dose of ‘Healthy Glamour.’ All of the products are cruelty free. The complete TRUE Isaac Mizrahi collection of color accessories will be available at retailers nationwide and online at IsaacMizrahi.com with prices ranging from $10 to $68. TRUE Isaac Mizrahi will be integrated into Isaac Mizrahi's twice-weekly show on QVC. The introduction will be on February 9th, launching with a trio of lip-glosses in a special bright pink cosmetic case designed by Isaac.
Xcel Brands, Inc. Announces Licensee Agreement with KGK Jewellery Manufacturing Limited
Jul 21 14
Xcel Brands, Inc. has signed an exclusive licensing agreement with KGK Jewellery Manufacturing Limited to take over the wholesale jewelry business under the Judith Ripka brands. This agreement will give KGK the license to manufacture, source, sell and distribute jewelry, including fine jewelry, diamond jewelry, and bridal jewelry, under the Judith Ripka label. Distribution to include luxury retailers, better departments stores as well as specialty fine jewelers worldwide.