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Assets of Marketing and Advertising Services Business

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Assets of Marketing and Advertising Services Business



Price: Not Specified

Other Item Info
Item #: debke_186000
Created: 09/01/2021
Category: Business Property > All Assets or Going Concerns > Support Services
Sale Date: Thu. Oct 28, 2021
Seller Info
Laura Davis Jones
Debtor's Attorney
919 N. Market Street, 17th Floor
Wilmington, DE 19899
302 652-4100
Bankruptcy Info
Case #: 1:21-bk-11194
Case Title: Sequential Brands Group, Inc.
Court: Delaware Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of substantially all of assets of Sequential Brands Group, Inc and Joe’s Holdings LLC (collectively, the “Sellers”). The sale of a material portion of seller's Assets—the Active Division Assets and the Joe’s Jeans brand, and more described as follows:

  • The Active Division Assets for $333,000,000: As more fully described in the Galaxy APA, the Sellers’ right, title, and interest in, to and under (i) certain accounts receivable; (ii) intellectual property related to the Business; (iii) furniture, furnishings, equipment, fixtures, and other personal property related to the Business located at Seller’s New York office; (iv) certain designated Seller contracts; (v) credits, prepayments, advanced payments, refunds, deposits, and other forms of deposit or security related to the aforementioned contracts, but excluding certain tax prepayments; (vi) transferable rights under confidentiality, noncompetition, or related contracts related to the Transferred Assets; (vii) certain of Sellers’ books and records not protected by legally recognized privilege; (viii) certain customer, supplier, and licensor-licensee lists held by Seller related to the transferred business; (ix) all goodwill and other intangible property, privileges, and benefits related to the transferred assets or assumed liabilities; (x) all equity interests in GAIAM PTY held by GAIAM Americas, Inc.; and (xi) all other assets of the Sellers related to the Business that do not constitute Excluded Assets under the Galaxy APA, and more described on the attached PDF; and
  • The Joe’s Jeans brand for $42,000,000: As further described in the Centric APA, (i) all trademarks and service marks owned by Seller, and all goodwill, rights, titles, interests, registrations, renewals, and applications related thereto; (ii) all assumed contracts set forth in Schedule 2.05(a) of the Centric APA; (iii) all domain names, web sites, and social media handles owned by Seller and used in connection with the Business; (iv) all copyrights and other intellectual property developed by Seller exclusively in connection with the transferred trademarks, as set forth in schedule 2.01(d) of the Centric APA; (v) certain books and records of the Seller; all claims, causes of action or similar of the Seller related to Purchased Assets; and (vi) all receivables arising under or pursuant to an Assumed Contract arising after the Closing and exclusively related to the Purchased Assets, and more described on the attached PDF.

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on November 4, 2021, at 10:00 a.m.
  3. Bid Deposit: 10% of the proposed purchase price
  4. Bid Deadline: October 25, 2021
  5. Last date to respond: October 21, 2021


Other Information

Terms and Conditions:

See Attached.


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