Sequential Closes Divestiture of Martha Stewart, Emeril Lagasse Brands

Sequential Brands Group sells Martha Stewart and Emeril Lagasse brands for approximately $175 million.
License Global

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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