MAY 4·Stock Titan▲
XCel Brands (XELB) CEO granted shares; some withheld for taxes
XCel Brands (XELB) CEO Robert W. D'Loren recently received a stock award of 13,905 shares at $2.13 each as part of his employment agreement, in lieu of cash salary. Simultaneously, 6,862 shares from this award were surrendered back to the company to cover tax withholding liabilities. Following these transactions, D'Loren's direct holdings amount to 740,350 shares, with additional indirect holdings through controlled entities.
APR 30·WWD→
EXCLUSIVE: Xcel Brands Sells Judith Ripka
Xcel Brands, a media and consumer products firm, has sold its Judith Ripka jewelry brand to Fuzion Creations for approximately $3 million. Xcel Brands, which acquired Judith Ripka 12 years ago for $20 million, is shifting its business model to focus on influencer-led brands through social commerce and live streaming. Fuzion Creations, a fine jewelry wholesale manufacturer, will continue the legacy of the luxury brand.