Sequential Closes Divestiture of Martha Stewart, Emeril Lagasse Brands

Sequential Brands Group sells Martha Stewart and Emeril Lagasse brands for approximately $175 million.
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June 13, 2019

Sequential Closes Divestiture of Martha Stewart, Emeril Lagasse Brands

Sequential Brands Group has closed the sale of the Martha Stewart and Emeril Lagasse brands for approximately $175 million.

The

deal

with Marquee Group was announced in April. Sequential’s decision to sell the brands was spurred on by a renewed focus on the company’s active and fashion brands. Sequential believes the transaction will help it better streamline business and provide greater flexibility.

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