Jessica Simpson Considered “Borrowing Against Her Homes” To Redeem The Jessica Simpson Collection


Jessica Simpson has revealed that she previously considered borrowing against her homes in order to regain full ownership of her brand, Jessica Simpson Collection.

A majority share of the Jessica Simpson collection was purchased by Sequential Brands Group Inc. in 2015, which left Jessica and her mother Tina with only a 37.5% minority stake in the business.

Simpson, who managed to regain control of the billion dollar empire in October, said Bloomberg Business Week that she and her mother began their two-year battle for ownership in 2019.

The Jessica Simpson Collection, a lifestyle brand that produces footwear, clothing, fragrances and other items for women, was launched in 2005 and is directly inspired and designed by Simpson, 41.

All in: Jessica Simpson revealed she previously considered borrowing against her homes in order to regain full ownership of her brand, Jessica Simpson Collection

On that fateful day of 2019, Jessica was 34 weeks pregnant with her third child, daughter Birdie Mae, and had been hospitalized with a severe case of bronchitis.

She told the outlet that that’s when she and her mother, who is her longtime business partner and brand president, began their quest for ownership.

“We will borrow against our homes,” said Jessica, who told the point of sale that she would do almost anything to regain control of the Jessica Simpson collection.

“Even if I have to move to a very small place in Ireland, I will.”

Takeover: Simpson, who managed to regain control of the billion dollar empire in October, told Bloomberg Businessweek that she and her mother began their two-year battle for ownership in 2019;  Jessica and Tina pictured in 2018

Takeover: Simpson, who managed to regain control of the billion dollar empire in October, told Bloomberg Businessweek that she and her mother began their two-year battle for ownership in 2019; Jessica and Tina pictured in 2018

With luck on their side, Jessica and Tina would find out the same year that Sequential Brands Group Inc. – which bought its majority stake in the brand from the Camuto Group in 2015 – was in financial difficulty.

The dynamic duo reportedly contacted Sequential Brands Group Inc about their plans to regain full ownership because Jessica did not want her “name” tarnished.

“My name was on it. I never stray from my name, ”she stressed.

By August 2021, Sequential Brands Group Inc. would seek Chapter 11 bankruptcy protection.

Its name: The Jessica Simpson Collection, a lifestyle brand that produces footwear, clothing, fragrances and other items for women, was launched in 2005 and is directly inspired and designed by Simpson, 41;  Jessica pictured in 2020

Its name: The Jessica Simpson Collection, a lifestyle brand that produces footwear, clothing, fragrances and other items for women, was launched in 2005 and is directly inspired and designed by Simpson, 41; Jessica pictured in 2020

According to Bloomberg in September, Simpson offered to buy the brand from bankruptcy for $ 65 million.

A month later, Jessica successfully became CEO of the Jessica Simpson Collection after two years of determination to reclaim the brand.

In an interview with Shoe News after the victory, Jessica exclaimed that it “means the absolute world to me to be able to take full ownership of my brand”.

“After 16 years of activity, I feel ready to face this next exciting phase with open arms. I know the sky is the limit when my mom, our amazing team and I get completely locked into our clients.

Determined:

Determined: “We will borrow against our homes,” said Jessica, who told point of sale that she would do almost anything to regain control of the Jessica Simpson collection. “Even if I have to go and live in a very small place in Ireland, I will”

Taking to Instagram on Thursday, the Public Affair singer proudly shared it Bloomberg Business Week cover with its 5.7 million followers.

“Patience, passion, perseverance, prayer, throwing curved balls and Hail Marys while remaining humble by grace gave me back my power and my name”, she began in her legend .

For her cover photo, Jessica looked glamorous with full hair and makeup and rocked a chic black mock neck sweater.

She continued, “If this girl with a dream could do it, I know anyone can do it! Thanks @businessweek for the honor of an epic cover story I’m going to frame! ‘

Means the world: In a statement to Footwear News after the victory, Jessica gushed that this

Means the world: In a statement to Footwear News after the win, Jessica gushed that it “means the absolute world to me to be able to take full ownership of my brand”


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