February 22, 2017 3:47 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of Joe's Jeans Inc.

Company Overview

As of January 28, 2016, Differential Brands Group Inc. was acquired by Robert Graham Designs, LLC, in a reverse merger transaction. Differential Brands Group Inc., together with its subsidiaries, designs, develops, and markets apparel products under the Hudson name in the United States. The company operates through two segments, Wholesale and Retail. Its Hudson product line includes women’s, men’s, and children’s denim jeans, related casual wear, and accessories; and pants, jackets, and other bottoms. The company engages in the wholesale of its Hudson products to retailers, specialty stores, and international distributors. As of August 31, 2015, it served consumers through 10 full-price reta...

2340 South Eastern Avenue

Commerce, CA 90040

United States

Founded in 1987

350 Employees

Phone:

323-837-3700

Key Executives for Joe's Jeans Inc.

Joe's Jeans Inc. does not have any Key Executives recorded.

Joe's Jeans Inc. Key Developments

Joe's Jeans Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter Ended September 30, 2016

Joe's Jeans Inc. announced unaudited consolidated earnings results for the third quarter ended September 30, 2016. For the third quarter, the company's net sales were $41,160,000 against $17,605,000 for the same period last year. Operating loss was $2,380,000 against operating income of $248,000 for the same period last year. Loss before income tax was $4,591,000 against income before income tax of $114,000 for the same period last year. Net loss was $2,821,000 against net income of $36,000 for the same period last year. Earnings per share, basic and diluted, were $0.22. Non-GAAP operating loss was $189,000 against operating income of $248,000 for the same period last year. Adjusted EBITDA was $1,755,000 against $1,163,000 for the same period last year. Non-GAAP net loss was $1,475,000 against net income of $36,000 for the same period last year.

Differential Brands Group Inc. Announces Management Changes

Differential Brands Group Inc. announced that in connection with the consummation of the merger, on January 28, 2016, Samuel J. Furrow resigned from his position as Interim Chief Executive Officer and Chairman of the Board of Directors, and each of Joanne Calabrese and Suhail R. Rizvi resigned as directors of the company. On January 28, 2016, Michael Buckley was elected as Chief Executive Officer of the company. The company entered into an employment agreement with Mr. Buckley. Pursuant to the terms of the employment agreement, Mr. Buckley will serve as Chief Executive Officer, reporting to the company’s board of directors. On January 28, 2016, the Series A Purchaser designated Matthew Eby, William Sweedler and Andrew Tarshis to serve together with the company’s continuing directors, Kelly Hoffman and Kent Savage, following the Resignations. The Board of Directors then appointed Walter McLallen and Michael Buckley as directors of the company; William Sweedler as Chairman of the Board of Directors.

Joe's Jeans Inc.(NasdaqCM:) dropped from CRSP US Total Market Index

Joe's Jeans Inc.(NasdaqCM:) dropped from CRSP US Total Market Index

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