On June 6, 2023, Xcel Brands, Inc. Announces Resignation of Michael Francis as Directors
June 07, 2023 at 04:58 pm EDT
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On June 6, 2023, Michael Francis advised the Board of Directors of Xcel Brands, Inc. that he is resigning as a director of the Company effective June 30, 2023 and that his decision was not based on any disagreements with management, the Company's strategy nor any of the other directors.
Xcel Brands, Inc. is a media and consumer products company. The Company is engaged in the designing, production, marketing, live streaming, and social commerce sales of branded apparel, footwear, accessories, fine jewelry, home goods and other consumer products, and the acquisition of dynamic consumer lifestyle brands. It owns the Judith Ripka, Halston, LOGO by Lori Goldstein, and C. Wonder brands and a minority stake in the Isaac Mizrahi brand. It also owns and manages the Longaberger brand. The Company is engaged in pioneering a modern consumer products sales strategy, which includes the promotion and sale of products under its brands through interactive television, digital live-stream shopping, social commerce, brick-and-mortar retail, and e-commerce channels. Judith Ripka is a luxury jewelry brand and is available in fine jewelry stores, luxury retailers and via e-commerce. Lori Goldstein brands, including LOGO by Lori Goldstein, and the brand is available through the QVC channel.