Entertainment

Jessica Simpson considered ‘borrowing against her homes’ to buy back Jessica Simpson Collection

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

The majority stake in Jessica Simpson Group was acquired by Sequential Brands Group Inc. in 2015, leaving Jessica and her mother, Tina, with a 37.5% minority stake in the company.

Simpson, who successfully reclaimed 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 Simpson Collection, a lifestyle brand that produces shoes, clothing, fragrances and other items for women, was launched in 2005 and is directly inspired by the design of Simpson, 41.

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

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

She told the outlet that around that time she and her mother, longtime business partner and head of the brand, started the pursuit of ownership.

“We’re going to borrow for our houses,” said Jessica, who assured the outlet that she would do almost anything to regain control of Jessica Simpson’s group.

“Even if I had to live in a small and small place in Ireland, I would.”

Take Over: Simpson, who successfully reclaimed control of his 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 were photographed in 2018

Take Over: Simpson, who successfully reclaimed control of his 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 were photographed in 2018

With luck on their side, Jessica and Tina discovered that same year that Sequential Brands Group Inc. – which bought its largest stake in the brand from Camuto Group in 2015 – has been struggling financially.

The dynamic duo reportedly contacted Sequential Brands Group Inc about their plans to take back full ownership because Jessica didn’t want to see her “name” get sullied.

My name was on it. She emphasized that I never strayed from my name.

By August 2021, Sequential Brands Group Inc. will present Apply for Chapter 11 bankruptcy protection.

Name: Jessica Simpson Collection, a lifestyle brand that produces footwear, clothing, perfume and other items for women, launched in 2005 and is directly inspired by the design of Simpson, 41;  Jessica was photographed in 2020

Name: Jessica Simpson Collection, a lifestyle brand that produces footwear, clothing, perfume and other items for women, launched in 2005 and is directly inspired by the design of Simpson, 41; Jessica was photographed in 2020

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

Just a month later, Jessica successfully became CEO of the Jessica Simpson Collection after two years of determined to restore the brand.

In an interview with Footwear News after the victory, Jessica said she “means the absolute world to me to be able to take full ownership of my brand.”

After 16 years in the business, I feel ready to face this next exciting phase with open arms. I know the sky is the limit when my mom, me, and our amazing team are totally locked into our clients.

Determined:

Determined: “We’ll borrow for our houses,” said Jessica, who assured the outlet that she would do just about anything to regain control of Jessica Simpson’s group. “Even if I had to live in a very small place in Ireland, I would”

Taking to Instagram on Thursday, the public singer proudly shared her Bloomberg Businessweek cover story with her 5.7 million followers.

She began to explain it by saying, “Patience, passion, perseverance, prayer, throwing curveballs, and peace be upon you, Mary, while remaining humble by grace has restored me to my strength and my name.”

For her cover shot, Jessica rocked a chic black jacket with full hair and makeup.

She continued, ‘If this dreaming girl can do it, I know someone can! Thank you businessweek for honoring the epic cover story that I am going to frame! “

Mean the world: In a statement to Footwear News after the victory, Jessica said that she

Mean the world: In a statement to Footwear News after the victory, Jessica said she “means the absolute world to me to be able to take full ownership of my brand.”

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