Xcel Brands, Inc. (NasdaqGM:XELB) will look for acquisitions. Robert D'Loren, Chairman and Chief Executive Officer said, "We will move quickly but prudently to put this capital to work and are exploring several strategic investments that we believe will continue to enhance our competitive position and provide earnings growth while maintaining a strong balance sheet. In the current economic environment, we believe there will be attractive acquisition opportunities as our industry deals with the slowdown we've seen at retail in the past and approaching quarters".
Xcel Brands, Inc. is a media and consumer products company. The Company is engaged in the designing, production, marketing, live streaming, wholesale distribution and direct-to-consumer sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. The Companyâs brand portfolio consists of the Lori Goldstein, Halston, Judith Ripka, C Wonder, Longaberger, and Isaac Mizrahi Brands, and other proprietary brands, including the various labels under these brands. Judith Ripka is a luxury jewelry brand and is available in fine jewelry stores, luxury retailers and via e-commerce. C Wonder offers womenâs clothing, footwear, jewelry and accessories. The Halston brand is a fashion brand and is available across various distribution channels, including department stores, e-commerce, interactive television, and national specialty retailers.