Sequential Brands Group recently filed for bankruptcy and many of the brands they own the rights to are up for sale. Jessica Simpson’s family is planning on purchasing her brand for $65 million from the group. The company has already been in talks with the Simpson family lawyer and has come up with a tentative agreement.
Sequential does plan on auctioning off the remaining brands, but reportedly the Simpson family will be a ‘stalking horse bidder’ at the upcoming auction. Even though Jessica Simpson bowed out of the music limelight years ago, she has continued in the fashion career with her own clothing and footwear line, amongst other things.
Have you worn any of Jessica Simpson’s Clothing?