Total revenue declined due to the discontinuation of wholesale operations. Licensing revenues increased except for LOGO, Lori Goldstein brand. Plans to launch new brands and return to profitability in 2024.
The C. Wonder by Christian Siriano brand is performing well, with expectations of increased retail sales volume. Xcel Brands anticipates positive adjusted EBITDA in 2024.
Xcel Brands is in talks to potentially sell the LOGO Lori Goldstein brand back to its namesake designer. Plans to launch Tower Hill by Christie Brinkley and a celebrity designer brand on HSN.
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