Sequential Brands Group Inc. said Wednesday that it’s bringing three brands to Brazil this year. Sequential, which owns, manages and promotes consumer brands like Ellen Tracy, Martha Stewart and Jessica Simpson, has entered into a licensing agreement with SPR Industria de Confeccao Ltda. to expand the basketball brand AND1, lifestyle brand Avia, and skate brand DVS. The new collections will be online at Netshoes in late 2017, and launch in sporting goods stores starting in early 2018. Sequential shares are inactive in premarket trading, and down 49% for the last year. The S&P 500 index is up 19.7% for the past 12 months.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News