Why Sequential Brands Group Stock Is Trading Lower Tuesday
Why Sequential Brands Group Stock Is Trading Lower Tuesday
Sequential Brands (NASDAQ:SQBG) shares are trading lower after the company announced it commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware.
顺序品牌纳斯达克股票代码：SQBG)股价下跌，此前该公司宣布在特拉华州地区的美国破产法院根据破产法第11章启动自愿程序。
"The company determined that, as a result of the significant debt on its corporate balance sheet, it was no longer able to operate its portfolio of brands. Accordingly, in conjunction with the filing, the Company will pursue the sale of all or substantially all of its assets under Section 363 of the U.S. Bankruptcy Code," said Sequential Brands in a press release.
Sequential Brands在一份新闻稿中说：“公司决定，由于公司资产负债表上的巨额债务，它不再能够经营其品牌组合。因此，在提交申请的同时，公司将根据美国破产法第363条寻求出售其所有或几乎所有资产。”
Sequential Brands Group Inc own, manage and license a portfolio of consumer brands in the home, active and fashion categories. Its brands include Martha Stewart, Jessica Simpson, Emeril Lagasse, AND1, Revo, and Ellen Tracy.
Sequence Brands Group Inc拥有、管理和许可家居、活动和时尚类别的消费品牌组合。它的品牌包括玛莎·斯图尔特(Martha Stewart)、杰西卡·辛普森(Jessica Simpson)、埃默里尔·拉加斯(Emeril Lagse)、AND1、REVO和
At last check, Sequential Brands Group was trading 53.1% lower at $5.67 per share during Tuesday's session.
据最新消息，在周二的交易中，Sequential Brands Group股价下跌53.1%，至每股5.67美元。