Latest news with #XcelBrands
Yahoo
3 days ago
- Business
- Yahoo
Xcel Brands, Inc. Announces Second Quarter 2025 Financial Results
NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB) ('Xcel' or the 'Company'), a media and consumer products company with significant expertise in livestream shopping and social commerce, today announced its financial results for the quarter ended June 30, 2025. Robert W. D'Loren, Chairman and Chief Executive Officer of Xcel commented 'Our current quarter results reflect the stability of our current revenue streams and working-capital-light operating model. Our recent debt and equity financing transactions in April and August have strengthened our balance sheet, which will facilitate the development of our new and exciting creator/influencer brands that we have announced over the last few months. We have planned launches that begin later this year and in 2026.' Second Quarter 2025 Financial Results Total revenue for the second quarter of 2025 was $1.3 million, representing a decrease of approximately $1.6 million (-55%) from the second quarter of 2024. This year-over-year decrease was driven by a decline in net licensing revenue as a result of the June 30, 2024 divestiture of the Lori Goldstein brand. Total revenue for the second quarter of 2025 was consistent with total revenue for the first quarter of 2025. Direct operating costs and expenses decreased approximately $1.2 million (-39%) from the prior year quarter to $1.9 million in the current quarter. This decrease reflects the various cost reductions previously taken by management to restructure and transform the Company's business model, and also the impact of the employee retention tax credit recognized in the current quarter. Currently, the Company has reduced its direct operating expenses to an expected run rate of less than $10 million per annum. During the quarter, the Company recognized a $1.9 million loss on early extinguishment of debt during the current quarter, related to the refinancing of its term loan debt. Net loss attributable to Xcel Brands stockholders for the quarter was approximately $4.0 million, or $(1.66) per share, compared with net income of $0.2 million, or $0.08 per share, for the prior year quarter. The prior quarter results notably included a $3.8 million gain on the divestiture of the Lori Goldstein brand. After adjusting certain cash and non-cash items, results on a non-GAAP basis were a net loss of approximately $0.9 million, or $(0.37) per share for the current quarter and a net loss of approximately $0.3 million, or $(0.13) per share, for the prior year quarter. Adjusted EBITDA was negative $0.3 million for the current quarter and negative $0.04 million in the prior year quarter. The prior year quarter included an Adjusted EBITDA contribution of $0.51 million from the Lori Goldstein brand. If this contribution is adjusted from the prior year results, there is a $0.25 million 45% year-over-year improvement in Adjusted EBITDA. Six Month 2025 Financial Results Total revenue for the current six-month period was $2.7 million, representing a decrease of approximately $2.5 million (-48%) from the prior year's six-month period. This decrease was driven by a decline in net licensing revenue as a result of the June 30, 2024 divestiture of the Lori Goldstein brand, partially offset by increased licensing revenues generated by the Company's other brands. Direct operating costs and expenses decreased approximately $2.9 million (-41%) from the prior year six months to $4.2 million in the current six months. This decrease primarily reflects the various cost reductions previously taken by management to restructure and transform the Company's business model, and to a lesser extent the impact of the employee retention tax credit recognized in the current period. Currently, the Company has reduced its direct operating expenses to an expected run rate of less than $10 million per annum. During the current six-month period, the Company recognized a $1.9 million loss on early extinguishment of debt, related to the refinancing of its term loan debt. Net loss attributable to Xcel Brands stockholders for the six months ended June 30, 2025 was approximately $6.8 million, or $(2.84) per share, compared with a net loss of 6.1 million, or $(2.78) per share, for the comparable period in 2024. The prior year period results notably included a $3.8 million gain on the divestiture of the Lori Goldstein brand. After adjusting for certain cash and non-cash items, results on a non-GAAP basis were a net loss of approximately $2.3 million, or $(0.95) per share for the current six months and a net loss of approximately $2.1 million, or $(0.96) per share, for the prior year six months. Adjusted EBITDA was negative $1.0 million for the current six months and negative $1.6 million in the prior year comparable period, or 38% improvement. Balance Sheet The Company's balance sheet at June 30, 2025 reflected stockholders' equity of approximately $22.5 million, unrestricted cash and cash equivalents of approximately $1.0 million, and working capital (exclusive of the current portion of lease obligations, deferred revenue, and contingent obligations payable in shares or via other non-cash means) of approximately $0.7 million. The Company's balance sheet at June 30, 2025 also reflected $11.8 million of long-term debt. In August 2025, the Company closed on a public equity offering and concurrent management-led private placement equity transaction, for combined gross proceeds of approximately $2.6 million, which further increased the Company's liquidity. Conference Call and Webcast The Company will host a conference call with members of the executive management team to discuss these results with additional comments and details at 9:00 a.m. Eastern Time on August 14, 2025. A webcast of the conference call will be available live on the Investor Relations section of Xcel's website at Interested parties unable to access the conference call via the webcast may dial 800-715-9871 or 646-307-1963 and use the conference ID 9043618. A replay of the webcast will be available on Xcel's website. About Xcel Brands Xcel Brands, Inc. (NASDAQ: XELB) is a media and consumer products company engaged in the design, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shopping, entertainment, and social media as social commerce. Xcel owns the Halston, Judith Ripka, and C. Wonder brands, as well as the co-branded collaboration brands TowerHill by Christie Brinkley, LB70 by Lloyd Boston, Trust. Respect. Love by Cesar Millan, GemmaMade by Gemma Stafford, and a brand in development with Coco Rocha and also holds noncontrolling interests or long-term license agreements in the Isaac Mizrahi brand, Orme Live, and Mesa Mia Live by Jenny Martinez. Xcel also owns and manages the Longaberger brand through its controlling interest in Longaberger Licensing, LLC. Xcel is pioneering a true modern consumer products sales strategy which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retailers, and e-commerce channels to be everywhere its customers shop. The company's brands have generated in excess of $5 billion in retail sales via livestreaming in interactive television and digital channels alone, and over 20,000 hours of content production time in live-stream and social commerce. The brand portfolio reaches in excess of 43 million social media followers with broadcast reach into 200 million households. Headquartered in New York City, Xcel Brands is led by an executive team with significant live streaming, production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. For more information, visit Forward Looking Statements This press release contains forward-looking statements. All statements other than statements of historical fact contained in this press release, including statements regarding future events, our future financial performance, business strategy and plans and objectives of management for future operations, are forward-looking statements. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "ongoing," "could," "estimates," "expects," "intends," "may," "appears," "suggests," "future," "likely," "goal," "plans," "potential," "projects," "predicts," "seeks," "should," "would," "guidance," "confident" or "will" or the negative of these terms or other comparable terminology. These forward-looking statements include, but are not limited to, statements regarding our anticipated revenue, expenses, profitability, strategic plans and capital needs. These statements are based on information available to us on the date hereof and our current expectations, estimates and projections and are not guarantees of future performance. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors, including, without limitation, the risks discussed in the "Risk Factors" section and elsewhere in the Company's Annual Report on form 10-K for the year ended December 31, 2024 and its other filings with the SEC, which may cause our or our industry's actual results, levels of activity, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time, and it is not possible for us to predict all risk factors, nor can we address the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause our actual results to differ materially from those contained in any forward-looking statements. You should not place undue reliance on any forward-looking statements. Except as expressly required by the federal securities laws, we undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason. For further information please contact:Seth Burroughs Xcel Brands sburroughs@ Non-GAAP net income and non-GAAP diluted EPS are non-GAAP unaudited terms. We define non-GAAP net income as net income (loss) attributable to Xcel Brands, Inc. stockholders, exclusive of amortization of trademarks, income (loss) from equity method investments, stock-based compensation and cost of licensee warrants, loss on early extinguishment of debt (if any), gains on sales of assets and investments (if any), asset impairment charges (if any), and income taxes (if any). Non-GAAP net income (loss) and non-GAAP diluted EPS measures do not include the tax effect of the aforementioned adjusting items, due to the nature of these items and the Company's tax strategy. Adjusted EBITDA is a non-GAAP unaudited measure, which we define as net income (loss) attributable to Xcel Brands, Inc. stockholders before interest and finance expenses (including loss on extinguishment of debt, if any), accretion of lease liability for exited leases, income taxes, other state and local franchise taxes, depreciation and amortization, income (loss) from equity method investments, asset impairment charges, stock-based compensation and cost of licensee warrants, gains on sales of assets and investments, and costs associated with restructuring of operations. Costs associated with restructuring of operations include operating losses generated by certain of our businesses that have been restructured or discontinued (i.e., wholesale apparel and fine jewelry), as well as non-cash charges associated with the restructuring of certain contractual arrangements. Management uses non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA as measures of operating performance to assist in comparing performance from period to period on a consistent basis and to identify business trends relating to our results of operations. Management believes non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA are also useful because these measures adjust for certain costs and other events that management believes are not representative of our core business operating results, and thus these non-GAAP measures provide supplemental information to assist investors in evaluating our financial results. Non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA should not be considered in isolation or as alternatives to net income, earnings per share, or any other measure of financial performance calculated and presented in accordance with GAAP. Given that non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA are financial measures not deemed to be in accordance with GAAP and are susceptible to varying calculations, our non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA may not be comparable to similarly titled measures of other companies, including companies in our industry, because other companies may calculate these measures in a different manner than we do. In evaluating non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA, you should be aware that in the future we may or may not incur expenses similar to some of the adjustments in this document. Our presentation of non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA does not imply that our future results will be unaffected by these expenses or any unusual or non-recurring items. When evaluating our performance, you should consider non-GAAP net income, non-GAAP diluted EPS, and Adjusted EBITDA alongside other financial performance measures, including our net income and other GAAP results, and not rely on any single financial measure. Xcel Brands, Inc. and Subsidiaries Unaudited Consolidated Statements of Operations (in thousands, except share and per share data) For the Three Months Ended For the Six Months Ended June 30, June 30, 2025 2024 2025 2024 Revenues Net licensing revenue $ 1,321 $ 2,826 $ 2,653 $ 5,010 Net sales - 128 - 128 Net revenue 1,321 2,954 2,653 5,138 Cost of goods sold - 38 - 38 Gross profit 1,321 2,916 2,653 5,100 Operating costs and expenses Salaries, benefits and employment taxes 984 1,630 2,070 3,563 Other selling, general and administrative expenses 912 1,490 2,109 3,519 Total direct operating costs and expenses 1,896 3,120 4,179 7,082 Operating loss before other operating costs and expenses (income) (575 ) (204 ) (1,526 ) (1,982 ) Other operating costs and expenses (income) Depreciation and amortization 899 1,545 1,799 3,134 Asset impairment charges - 1,188 - 3,483 Loss from equity method investments 180 557 516 1,090 Gain on divestiture of Lori Goldstein Brand - (3,801 ) - (3,801 ) Operating loss (income) (1,654 ) 307 (3,841 ) (5,888 ) Interest and finance expense (income) Interest expense 457 139 930 285 Other interest and finance charges 30 7 117 11 Loss on early extinguishment of debt 1,850 - 1,850 - Interest and finance expense (income), net 2,337 146 2,897 296 (Loss) income before income taxes (3,991 ) 161 (6,738 ) (6,184 ) Income tax provision (benefit) - - 50 - Net (loss) income (3,991 ) 161 (6,788 ) (6,184 ) Less: Net loss attributable to noncontrolling interest (3 ) (34 ) (3 ) (85 ) Net (loss) income attributable to Xcel Brands, Inc. stockholders $ (3,988 ) $ 195 $ (6,785 ) $ (6,099 ) (Loss) earnings per common share attributable to Xcel Brands, Inc. stockholders: Basic (loss) earnings per share $ (1.66 ) $ 0.08 $ (2.84 ) $ (2.78 ) Diluted (loss) earnings per share $ (1.66 ) $ 0.08 $ (2.84 ) $ (2.78 ) Weighted average number of common shares outstanding: Basic weighted average common shares outstanding 2,403,639 2,349,014 2,388,694 2,193,206 Diluted weighted average common shares outstanding 2,403,639 2,353,879 2,388,694 2,193,206 Xcel Brands, Inc. and Subsidiaries Unaudited Consolidated Balance Sheets (in thousands, except share and per share data) June 30, 2025 December 31, 2024 Assets Current Assets: Cash and cash equivalents $ 970 $ 1,254 Accounts receivable, net 1,823 2,269 Prepaid expenses and other current assets 416 520 Total current assets 3,209 4,043 Property and equipment, net 158 182 Operating lease right-of-use assets 3,385 3,751 Trademarks and other intangibles, net 32,994 34,759 Investments in unconsolidated affiliates 5,531 10,110 Other assets 1,912 911 Total non-current assets 43,980 49,713 Total Assets $ 47,189 $ 53,756 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable, accrued expenses and other current liabilities $ 1,925 $ 2,734 Deferred revenue 1,328 1,380 Accrued income taxes payable 88 554 Current portion of operating lease obligation 1,625 1,513 Current portion of long-term debt 500 - Current portion of contingent obligations - 4,213 Total current liabilities 5,466 10,394 Long-Term Liabilities: Deferred revenue 2,222 2,667 Long-term portion of operating lease obligation 4,537 5,297 Long-term debt, net, less current portion 11,753 6,569 Other long-term liabilities 715 431 Total long-term liabilities 19,227 14,964 Total Liabilities 24,693 25,358 Commitments and Contingencies Stockholders' Equity: Preferred stock, $.001 par value, 1,000,000 shares authorized, none issued and outstanding - - Common stock, $.001 par value, 50,000,000 shares authorized, and 2,437,500 and 2,368,072 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 2 2 Paid-in capital 107,552 106,666 Accumulated deficit (83,029 ) (76,244 ) Total Xcel Brands, Inc. stockholders' equity 24,525 30,424 Noncontrolling interest (2,029 ) (2,026 ) Total Stockholders' Equity 22,496 28,398 Total Liabilities and Stockholders' Equity $ 47,189 $ 53,756 Xcel Brands, Inc. and Subsidiaries Unaudited Consolidated Statements of Cash Flows (in thousands) For the Six Months Ended June 30, 2025 2024 Cash flows from operating activities Net loss $ (6,788 ) $ (6,184 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization expense 1,799 3,134 Asset impairment charges - 3,483 Paid in-kind interest expense 192 - Amortization of deferred finance costs and other non-cash interest expense 176 54 Stock-based compensation and cost of licensee warrants 238 186 Provision for (recovery of) credit losses - (45 ) Loss from equity method investments 516 1,090 Loss on early extinguishment of debt 1,850 - Gain on divestiture of Lori Goldstein brand - (3,801 ) Accounts receivable 446 444 Inventory - 46 Prepaid expenses and other assets 104 (146 ) Deferred revenue (497 ) (345 ) Accounts payable, accrued expenses and other current liabilities (1,560 ) (555 ) Lease-related assets and liabilities (282 ) (634 ) Other Liabilities 8 390 Net cash used in operating activities (3,798 ) (2,883 ) Cash flows from investing activities Purchase of property and equipment (10 ) (104 ) Net cash used in investing activities (10 ) (104 ) Cash flows from financing activities Proceeds from public offering and private placement transactions, net of transaction costs - 1,902 Proceeds from long-term debt 5,670 - Payment of deferred finance costs (530 ) - Payment of long-term debt (500 ) (250 ) Shares repurchased including vested restricted stock in exchange for withholding taxes (116 ) - Net cash provided by (used in) financing activities 4,524 1,652 Net increase (decrease) in cash and cash equivalents 716 (1,335 ) Cash and cash equivalents at beginning of period 1,993 2,998 Cash and cash equivalents at end of period $ 2,709 $ 1,663 Reconciliation to amounts on consolidated balance sheets: Cash and cash equivalents 970 924 Restricted cash (reported in other non-current assets) 1,739 739 Total cash, cash equivalents, and restricted cash $ 2,709 $ 1,663 ($ in thousands) For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net (loss) income attributable to Xcel Brands, Inc. stockholders $ (3,988 ) $ 195 $ (6,785 ) $ (6,099 ) Amortization of trademarks 876 1,520 1,751 3,039 Loss from equity method investments 180 557 516 1,090 Stock-based compensation and cost of licensee warrants 186 42 352 186 Loss on early extinguishment of debt 1,850 - 1,850 - Gains on sales of assets and investments - (3,801 ) - (3,801 ) Asset impairment charges - 1,188 - 3,483 Income tax provision (benefit) - - 50 - Non-GAAP net loss $ (896 ) $ (299 ) $ (2,266 ) $ (2,102 ) For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net (loss) income attributable to Xcel Brands, Inc. stockholders $ (1.66 ) $ 0.08 $ (2.84 ) $ (2.78 ) Amortization of trademarks 0.36 0.65 0.73 1.38 Loss from equity method investments 0.08 0.24 0.22 0.50 Stock-based compensation and cost of licensee warrants 0.08 0.02 0.15 0.08 Loss on early extinguishment of debt 0.77 - 0.77 - Gains on sales of assets and investments - (1.62 ) - (1.73 ) Asset impairment charges - 0.50 - 1.59 Income tax provision (benefit) - - 0.02 - Non-GAAP net loss $ (0.37 ) $ (0.13 ) $ (0.95 ) $ (0.96 ) Non-GAAP weighted average diluted shares 2,403,639 2,349,014 2,388,694 2,193,206 ($ in thousands) For the Three Months Ended For the Six Months Ended June 30, June 30, June 30, June 30, 2025 2024 2025 2024 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Net (loss) income attributable to Xcel Brands, Inc. stockholders $ (3,988 ) $ 195 $ (6,785 ) $ (6,099 ) Interest and finance expense 2,337 146 2,897 296 Accretion of lease liability for exited lease 59 76 120 76 Income tax provision (benefit) - - 50 - State and local franchise taxes 6 12 14 24 Depreciation and amortization 899 1,545 1,799 3,134 Loss from equity method investments 180 557 516 1,090 Asset impairment charges - 1,188 - 3,483 Stock-based compensation and cost of licensee warrants 186 42 352 186 Gains on sales of assets and investments - (3,801 ) - (3,801 ) Costs associated with restructuring of operations 22 - 39 - Adjusted EBITDA $ (299 ) $ (40 ) $ (998 ) $ (1,611 ) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
5 days ago
- Business
- Globe and Mail
Xcel Brands to Host Second Quarter 2025 Earnings Call on August 14, 2025
NEW YORK, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB) ('Xcel' or the 'Company'), today announced that it will report its second quarter 2025 financial results on August 14, 2025. The Company will hold a conference call with the investment community on August 14, 2025, at 9:00 a.m. ET. A webcast of the conference call will be available live on the Investor Relations section of Xcel's website at or directly at Interested parties unable to access the conference call via the webcast may dial 800-715-9871 or 646-307-1963 and use the Conference ID 9043618. A replay of the webcast will be available on Xcel's website. About Xcel Brands Xcel Brands, Inc. (NASDAQ: XELB) is a media and consumer products company engaged in the design, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shopping, entertainment, and social media as social commerce. Xcel owns the Halston, Judith Ripka, and C. Wonder brands, as well as the co-branded collaboration brands TowerHill by Christie Brinkley, LB70 by Lloyd Boston, Trust. Respect. Love by Cesar Millan, GemmaMade by Gemma Stafford, and a brand in development with Coco Rocha and also holds noncontrolling interests or long-term license agreements in the Isaac Mizrahi brand, Orme Live, and Mesa Mia Live by Jenny Martinez. Xcel also owns and manages the Longaberger brand through its controlling interest in Longaberger Licensing, LLC. Xcel is pioneering a true modern consumer products sales strategy which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retailers, and e-commerce channels to be everywhere its customers shop. The company's brands have generated in excess of $5 billion in retail sales via livestreaming in interactive television and digital channels alone, and over 20,000 hours of content production time in live-stream and social commerce. The brand portfolio reaches in excess of 43 million social media followers with broadcast reach into 200 million households. Headquartered in New York City, Xcel Brands is led by an executive team with significant live streaming, production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. For more information, visit
Yahoo
5 days ago
- Business
- Yahoo
Xcel Brands and TSC Product Lab Partner to Launch GemmaMade by Gemma Stafford, a New Kitchen Brand for Everyday Bakers and Home Cooks
NEW YORK, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB), a media and consumer products company known for building influential, creator-led brands, today announced a strategic partnership with TSC Product Lab to launch GemmaMade by Gemma Stafford—a new kitchenware brand created in close collaboration with chef and baking expert Gemma Stafford, designed to bring stylish, functional, and approachable tools to everyday bakers and home cooks. This collaboration blends Xcel's omnichannel brand-building capabilities with TSC Product Lab's innovation-driven product development, delivering a thoughtfully designed assortment of kitchen products that reflect Stafford's personal passion for joyful, stress-free cooking and baking at home. The product line will include bakeware, kitchen tools, food storage solutions, mixing bowls, and more—each created to support everyday needs with ease, charm, and reliability. 'GemmaMade is a celebration of the home kitchen,' said Robert W. D'Loren, Chairman and CEO of Xcel Brands. 'We're thrilled to partner with Gemma and TSC Product Lab to bring her vision to life through products that are as inviting and dependable as the content she shares with her loyal audience.' With millions of fans and years of experience as a professionally trained chef, Gemma Stafford has built one of the most trusted and beloved baking communities in the world through her digital brand Bigger Bolder Baking. As both the creator and namesake behind GemmaMade, Gemma has worked hands-on with Xcel and TSC to develop a line that reflects her bold baking philosophy, her Irish heritage, and her belief that anyone can create delicious food with the right tools and a little confidence 'At the heart of GemmaMade is a simple promise: to super-serve home bakers and cooks with tools they can trust and love,' said Gemma Stafford. 'I created this line for the everyday bakers and cooks who show up for birthdays, holidays, after-school snacks, and Sunday mornings—because they deserve products that are as joyful and reliable as they are. With Xcel and TSC, I'm excited to share the warmth of Irish hospitality through every bowl, pan, and spatula. In my kitchen, everyone's welcome—because in a way, everyone is Irish.' Rick Lapine, President of TSC Product Lab, added: 'We are proud to be working with Gemma and Xcel to launch a brand that blends tradition and GemmaMade by Gemma Stafford reinforces Xcel Brands' ongoing mission to build creator-led businesses that resonate with modern consumers and support how people live, cook, and share today.' For more information, please visit About Xcel BrandsXcel Brands, Inc. (NASDAQ: XELB) is a media and consumer products company engaged in the design, licensing, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. Xcel was founded in 2011 with a vision to reimagine shopping, entertainment, and social media as social commerce. Xcel owns the Halston, Judith Ripka, and C. Wonder brands, as well as the co-branded collaboration brands TowerHill by Christie Brinkley, LB70 by Lloyd Boston, Trust. Respect. Love by Cesar Millan, GemmaMade by Gemma Stafford, and a brand in development with Coco Rocha and also holds noncontrolling interests or long-term license agreements in the Isaac Mizrahi brand, Orme Live and Mesa Mia by Jenny Martinez brands. Xcel also owns and manages the Longaberger brand through its controlling interest in Longaberger Licensing, LLC. Xcel is pioneering a true modern consumer products sales strategy which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retailers, and e-commerce channels to be everywhere its customers shop. The company's brands have generated in excess of $5 billion in retail sales via livestreaming in interactive television and digital channels alone and consisting of over 20,000 hours of content production time in live-stream and social commerce. The brand portfolio reaches in excess of 43 million social media followers with broadcast reach into 200 million households. Headquartered in New York City, Xcel Brands is led by an executive team with significant live streaming, production, merchandising, design, marketing, retailing, and licensing experience, and a proven track record of success in elevating branded consumer products companies. For more information, visit About TSC Lab Products The Sneaky Chef Product Lab ('TSC') is a cost-effective product development and sourcing company specializing in innovative solutions for the home. The Company's mission is to create products and brands for leading retailers. Since 2007, TSC has built a diverse portfolio of owned, private label and exclusively licensed brands and has partnered with such legacy names such as Martha Stewart, Sodastream, GreenPan and Calvin Klein. Its network of retail partners includes HSN, QVC, Walmart, Amazon and TJX Companies among others. Led by Rick Lapine, an industry veteran with decades of experience, TSC is supported by a full-time team of passionate experts, bringing over 30 years of combined expertise in sourcing and production. This team has helped establish TSC as a trusted partner for efficient product development, manufacturing, and logistics, with the capability to execute projects rapidly and reliably. About Gemma Stafford For more than a decade, Irish-born chef Gemma Stafford has been bringing her passion for teaching people how to bake with confidence to her top online baking show and brand, Bigger Bolder Baking. Today, with more than 8 million followers ('Bold Bakers') and half a billion video views to date, Bigger Bolder Baking has become the leading – and indispensable – multimedia destination for bakers. Gemma's unique combination of expertise, bold recipes, and approachable techniques have led to appearances as a judge on Netflix's Nailed It!, Food Network's Best Baker in America, and Hulu's Baker's Dozen, along with appearances on national and local TV nationwide. Gemma is also the co-creator and host of the #1 baking entertainment podcast, Knead To Know, which releases every week in partnership with HRN. In 2025, she will launch the first-ever baking TV network, the Bold Baking Network, on connected television (CTV) and free ad-supported streaming television (FAST) platforms dedicated to educating and entertaining home bakers 24/7. For further information please contact:Seth Burroughs Xcel Brands sburroughs@ in to access your portfolio
Fashion Network
16-07-2025
- Business
- Fashion Network
Xcel Brands, Cesar Millan partner to launch new pet brand
Xcel Brands has entered into a licensing partnership with K9 Wear Inc., to develop and launch a new pet brand, through the lens of dog behaviorist, Cesar Millan. Dubbed "Trust. Respect. Love by Cesar Millan", the new lifestyle brand for pets is set to launch in early 2026. Designed to elevate the pet ownership experience, the line will include a range of premium products from toys, training tools, and accessories to grooming gear, nutrition, small appliances, and even pet tech. "This collaboration with K9 Wear marks another milestone in Xcel's mission to create exceptional consumer products across multiple categories. With the pet industry experiencing tremendous growth, this partnership allows us to meet the demand for high-quality pet accessories while continuing to expand our brand portfolio and category expansion,' said Robert W. D'Loren, chairman and chief executive officer of Xcel Brands. Millan, widely known as 'The Dog Whisperer", brings more than 20 years of experience to the brand, with every item in the collection reflecting his core values of trust, respect, and love. The new brand will make its industry debut at the Global Pet Expo in March 2026. Distribution will follow across select retailers, e-commerce platforms, and live shopping channels. 'I am thrilled to have Xcel Brands and K9 Wear join my pack, to bring a new and innovative line of products to the marketplace under my new brand Trust. Respect. Love by Cesar Millan,' added Millan. 'Every product is planned and designed for the well-being and comfort of both, the dog and its pet parent, incorporating a modern, casual and functional style. We have developed a complete line of products in tune with my natural, simple and profound philosophy."
Fashion Network
16-07-2025
- Business
- Fashion Network
Xcel Brands, Cesar Millan partner to launch new pet brand
Xcel Brands has entered into a licensing partnership with K9 Wear Inc., to develop and launch a new pet brand, through the lens of dog behaviorist, Cesar Millan. Dubbed "Trust. Respect. Love by Cesar Millan", the new lifestyle brand for pets is set to launch in early 2026. Designed to elevate the pet ownership experience, the line will include a range of premium products from toys, training tools, and accessories to grooming gear, nutrition, small appliances, and even pet tech. "This collaboration with K9 Wear marks another milestone in Xcel's mission to create exceptional consumer products across multiple categories. With the pet industry experiencing tremendous growth, this partnership allows us to meet the demand for high-quality pet accessories while continuing to expand our brand portfolio and category expansion,' said Robert W. D'Loren, chairman and chief executive officer of Xcel Brands. Millan, widely known as 'The Dog Whisperer", brings more than 20 years of experience to the brand, with every item in the collection reflecting his core values of trust, respect, and love. The new brand will make its industry debut at the Global Pet Expo in March 2026. Distribution will follow across select retailers, e-commerce platforms, and live shopping channels. 'I am thrilled to have Xcel Brands and K9 Wear join my pack, to bring a new and innovative line of products to the marketplace under my new brand Trust. Respect. Love by Cesar Millan,' added Millan. 'Every product is planned and designed for the well-being and comfort of both, the dog and its pet parent, incorporating a modern, casual and functional style. We have developed a complete line of products in tune with my natural, simple and profound philosophy."
