Did Jessica Simpson Sell Her Successful Company?

Photo: WENN

Ten years have served for an incredible journey of success for Jessica Simpson and her eponymous fashion house.

Valued at $1 billion in 2012, the line that started with shoes was taken on by the late Vince Camuto in 2005. After a healthy run, and with the passing of the shoe icon last January, The Camuto Group sold Simpson’s company to the Sequential Brands Group that is set to expand it internationally.

As reported by British Vogue:

The company signed an agreement to acquire a “majority stake in the Jessica Simpson brand, including the Jessica Simpson Collection master licence and other rights, for an undisclosed amount of cash and stock,” WWD reports. The singer and reality television star-turned-designer will continue to own the remainder of the company.

“It’s humbling to think that we now have 31 product categories in the collection,” Simpson said following the announcement. “Together with my mom, Tina, and the rest of the JS team, we are always looking for new ways to reach our consumers. I have a passion for home design, so I’m excited to expand on our home and lifestyle offerings. I also look forward to further developing our e-commerce site and taking our brand all over the world.”

While Simpson is working on a new album, she claims she’s totally dedicated to taking her company to the next level. “I’m as committed as I was 10 years ago. Here’s to the next billion.”

We shall see.

See more of Jessica Simpson’s recent style moments on the next page.

[via British Vogue]

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