![]() ![]() ![]() If the agreement is signed, Marquee Brands will continue to widen its portfolio after the acquisition of Martha Stewart and Emeril Lagassa, in addition to the intellectual property of Sequential Brands. Orchestra bid for the company in February 2016, although the operation did not close. Marquee Brands owns and manages a portfolio of established global brands across consumer products and channels from luxury goods to sports and active apparel. In total, Destination Maternity has a commercial network of 446 stores in the United States, Canada and Puerto Rico, as well as 491 corners in department stores. The company explained that bad results were due to the closure of stores and the fall in sales in the remaining stores.ĭestination Maternity plans to close the deal by yearend Marquee, which is owned by asset manager Neuberger Berman and also owns the BCBG Max Azria brand, said Emeril Lagasse and Martha Stewart establishes a new home and food division for the. ![]() In the last quarter, Destination Maternity sales fell 12%, to 84.9 million dollars. Marquee motor events put watch brands on fast track to buyers Sponsoring races and concours shows has long been a way to connect with wealthy, mechanically minded fans Simon de Burton Receive. 2, 2023 /PRNewswire/ - Marquee Brands LLC, a leading global brand owner, marketer and media company, and Americas Test Kitchen Limited Partnership ('ATK') announced. The deal is estimated to be closed at the end of the year. Marquee Brands is sponsored by employee-owned investment management firm Neuberger Berman. The deadline for submitting acquisition bids ends on December 5, and if an auction was necessary, it would take place on Monday, December 9. Marquee Brands is a holding company founded in 2014 that owns several brands in fashion and home cooking. Owned by investor funds managed by Neuberger Berman, one of the world's leading employee-owned investment managers, Marquee Brands. The group, owner of Ben Sherman, Body Glove, Bruno Magli or BCBG Max Azria, has offered 50 million dollars for the brand’s intellectual property and the ecommerce business of Destination Maternity, specialized in maternity clothes.ĭestination Maternity filed for chapter 11 bankruptcy last October. Marquee Brands is a leading global brand owner and marketer. Marquee Brands bids for Destination Maternity. ![]()
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