B. Riley & Co. Acts as Financial Advisor to Hudson Clothing Founder & CEO Peter Kim and Fireman Capital Partners in Connection with Joe's Jeans and Robert Graham Transactions

Joe's Jeans (JOEZ) to Sell Joe’s Brand, Assets and Merge Remaining Hudson Business with RG Parent

Joe's Jeans (Nasdaq: JOEZ) announced two transformative transactions. First, the Company has agreed to sell the Joes brand and operating assets for an aggregate purchase price of $80 million to two separate buyers, Sequential Brands Group Inc. (Nasdaq: SQBG) and Global Brands Group Holding Limited. Proceeds from the transactions will be used to retire certain outstanding indebtedness, including all indebtedness owed to the Companys senior term loan lender. The closings of the asset sale transactions are subject to satisfaction or waiver of certain conditions, including the... More