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.
順序品牌納斯達克股票代碼：SQBG)股價下跌，此前該公司宣佈在特拉華州地區的美國破產法院根據破產法第11章啟動自願程序。
"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在一份新聞稿中説：“公司決定，由於公司資產負債表上的鉅額債務，它不再能夠經營其品牌組合。因此，在提交申請的同時，公司將根據美國破產法第363條尋求出售其所有或幾乎所有資產。”
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擁有、管理和許可家居、活動和時尚類別的消費品牌組合。它的品牌包括瑪莎·斯圖爾特(Martha Stewart)、傑西卡·辛普森(Jessica Simpson)、埃默里爾·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.
據最新消息，在週二的交易中，Sequential Brands Group股價下跌53.1%，至每股5.67美元。