OverviewSuggest Edit
Centric Brands (formerly Differential Brands Group) engages in the design, development, sale, and licensing of apparel products and accessories under the Robert Graham brand name. It operates through Wholesale and Consumer Direct segments. The Company's product line includes men's sport clothing, shoes, belts, small leather goods, dress shirts, neckwear, tailored clothing, headwear, eye and sun glasses, jewelry, underwear, and fragrances for men, and women's apparel. It also offers denim jeans, pants, shirts, jackets, and other bottoms for women, men, and children under the Hudson brand name, and footwear and apparel products and accessories under the SWIMS brand name, as well as licenses Hudson children's products.
| Type | Public | |
| Founded | 1987 | |
| HQ | New York, NY, US | Map |
| Website | centricbrands.com |
Recent NewsAll News
- Intrinsic Launches Out of Stealth with $113 Million in Series A led by Define Ventures to Acquire Amazon Centric Brands in the Health & Wellness Category
- Hyatt Centric Downtown Portland Opens Today as the Hyatt Centric Brands First Hotel in the Pacific Northwest
- Sequential Brands Group and Jessica Simpson Announce New Partnership with Centric Brands for Handbag and Jewelry Collections
Key People/Management at Centric Brands
Jason Rabin
Chief Executive Officer & Director
William Sweedler
Chairman of the Board
Anurup Pruthi
Chief Financial Officer
Sid Keswani
President
Joe Favuzza
Chief Strategy Officer and President, Business Development
Matthew Eby
Director
Centric Brands Office Locations
Centric Brands has offices in New York, Greensboro, Los Angeles and Montréal
New York, NY, US (HQ)
350 5th Ave
Greensboro, NC, US
620 S Elm St
Los Angeles, CA, US
1580 Jesse St
Montréal, CA
400 Rue Sauvé O
Centric Brands Financials and Metrics
Centric Brands Revenue
Centric Brands's revenue was reported to be $596.6 m in FY, 2018 which is a 363564.2% increase from the previous period.
| USD | |
|---|---|
Revenue (Q3, 2019) | 712.4m |
Gross profit (Q3, 2019) | 178.3m |
Gross profit margin (Q3, 2019), % | 25% |
Net income (Q3, 2019) | (9.0m) |
EBIT (Q3, 2019) | 39.7m |
Market capitalization (21-Oct-2020) | 9.7m |
Closing stock price (21-Oct-2020) | 0.0 |
Cash (30-Sept-2019) | 19.0m |
EV | 1.2b |
Centric Brands's current market capitalization is $9.7 m.
Annual
Quarterly
| USD | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 33.7m | 32.4m | 41.2m | 40.1m | 36.5m | 42.4m | 38.8m | 36.0m | 39.8m | 528.9m | 423.2m | 712.4m |
Cost of goods sold | 13.4m | 15.3m | 20.8m | 21.5m | 20.2m | 24.3m | 22.6m | 21.5m | 22.7m | 410.0m | 311.6m | 534.2m |
Gross profit | 20.3m | 17.1m | 20.3m | 18.6m | 16.2m | 18.1m | 16.3m | 14.5m | 17.2m | 118.9m | 111.7m | 178.3m |
Gross profit Margin, % | 60% | 53% | 49% | 46% | 44% | 43% | 42% | 40% | 43% | 22% | 26% | 25% |
Annual
Quarterly
| USD | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 11.6m | 12.3m | 11.5m | 12.8m | 14.1m | 14.9m | 16.0m | 349.0k | 424.0k | 964.0k | 1.1m | 828.0k | 368.0k | 11.4m | 8.4m | 4.4m | 4.0m | 6.3m | 2.8m | 4.3m | 5.0m | 3.5m | 25.2m | 14.3m | 19.0m |
Accounts Receivable | 1.8m | 2.0m | 1.6m | 1.4m | 2.5m | 2.9m | 1.5m | 4.1m | 4.8m | 10.8m | 1.6m | 1.4m | 142.0k | 2.0m | 1.5m | 2.9m | 22.7m | 17.0m | 23.7m | 24.5m | 18.1m | 21.5m | 26.4m | 24.7m | 18.2m |
Prepaid Expenses | 1.6m | 971.0k | 589.0k | 594.0k | 1.0m | 1.3m | 710.0k | 4.9m | 2.7m | 1.4m | 1.7m | 2.1m | 1.5m | 1.7m | 2.0m | 2.6m | 3.7m | 5.5m | 5.2m | 6.2m | 7.1m | 5.2m | 76.6m | 84.7m | 83.4m |
Inventories | 24.9m | 27.5m | 30.2m | 31.9m | 30.5m | 30.9m | 33.7m | 54.1m | 58.2m | 58.1m | 58.1m | 48.6m | 15.4m | 27.4m | 26.8m | 29.8m | 28.5m | 30.6m | 38.0m | 33.9m | 31.3m | 33.6m | 294.2m | 416.2m | 443.3m |
Annual
Quarterly
| USD | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (1.1m) | 794.0k | 2.2m | 3.6m | (6.4m) | (5.2m) | (10.1m) | (12.9m) | (2.3m) | (6.4m) | (6.6m) | (4.1m) | (9.8m) | (20.3m) | (81.9m) | (161.1m) | (170.1m) | ||||||||
Depreciation and Amortization | 887.0k | 276.0k | 616.0k | 979.0k | 492.0k | 1.0m | 2.9m | 4.5m | 1.5m | 3.0m | 4.5m | 1.5m | 2.9m | 4.3m | 23.0m | 46.6m | 71.7m | ||||||||
Inventories | (4.5m) | (6.6m) | (13.8m) | (2.4m) | 88.0k | (2.1m) | 40.2m | (82.2m) | (88.2m) | ||||||||||||||||
Accounts Payable | 2.2m | 7.9m | (416.0k) | 321.0k | 9.5m | (36.5m) | 112.3m | 184.5m |
| USD | Q3, 2011 |
|---|---|
Financial Leverage | 1.3 x |
Centric Brands Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Global Brands Group | June 28, 2018 | $1.38 b |
Centric Brands Revenue Breakdown
Centric Brands revenue breakdown by business segment: 72.6% from Wholesale, 25.7% from Consumer Direct and 1.7% from Other
Centric Brands Cybersecurity Score
Centric Brands Environment, Social & Governance (ESG) Ratings
Centric Brands Online and Social Media Presence
Centric Brands's Trends
Centric Brands News and Updates
June 03, 2021
Intrinsic Launches Out of Stealth with $113 Million in Series A led by Define Ventures to Acquire Amazon Centric Brands in the Health & Wellness Category
NEW YORK, June 3, 2021 /PRNewswire/ -- Intrinsic, an emerging leader in the health & wellness eCommerce space, has closed $113 million in Series A funding led by Define Ventures with participation from Link Ventures and others. Intrinsic was founded earlier this year in partnership with...
February 11, 2020
Hyatt Centric Downtown Portland Opens Today as the Hyatt Centric Brands First Hotel in the Pacific Northwest
CHICAGO (February 10, 2020) – Hyatt Hotels Corporation (NYSE:H) today announced the opening of Hyatt Centric Downtown Portland in Oregon, the first Hyatt Centric hotel in the Pacific Northwest. The 220-room hotel is located in the heart of Portland’s hip West End District, just steps from high-end e…
November 15, 2019
Sequential Brands Group and Jessica Simpson Announce New Partnership with Centric Brands for Handbag and Jewelry Collections
NEW YORK, Nov. 15, 2019 (GLOBE NEWSWIRE) -- Sequential Brands Group, Inc. (“Sequential” or the “Company”) (Nasdaq:SQBG), along with Jessica Simpson, announces a new, multi-year licensing agreement with Centric Brands Inc. to develop, manufacture and distribute the entertainer and entrepreneur's ha…
Centric Brands Blogs
September 18, 2020
Centric Brands Announces Confirmation of Plan of Reorganization
Court approves plan to recapitalize and significantly reduce debt and interest payments, positioning the Company for long-term growth
Expects to emerge from Chapter 11 by the end of October as a private company poised for long-term growth with the support of Blackstone, Ares Management Corporat…
May 22, 2020
Centric Brands Discloses Nasdaq Notice
NEW YORK--(BUSINESS WIRE)--
Centric Brands Inc. (the “Company”) (NASDAQ:CTRC), a leading lifestyle brands collective, announced today that on May 18, 2020, it received notification from The Nasdaq Stock Market LLC (“Nasdaq”), that due to the Company’s voluntary filing under Chapter 11 of the U.S…
May 18, 2020
Centric Brands Reaches Agreement with Lenders to Position the Company for Long-Term Growth
Pre-arranged agreement with its secured lenders, led by certain funds managed by Blackstone, Ares Management Corporation, and HPS Investment Partners
Secures $435 million of debtor-in-possession financing from certain funds managed by Blackstone, Ares, and HPS to ensure uninterrupted operation…
February 14, 2020
Centric Brands Acquires Zac Posen Brand and Licenses
NEW YORK--(BUSINESS WIRE)--
Centric Brands Inc., (NASDAQ: CTRC), a leading lifestyle brands collective, announced today the purchase of the Zac Posen brand and all related intellectual property previously held by Z Spoke, LLC. As part of the transaction, the Company also acquired all existing li…
February 04, 2020
Centric Brands Inc. Reports Inducement Grant to New Chief Operating Officer
NEW YORK--(BUSINESS WIRE)--
Centric Brands Inc. (NASDAQ: CTRC), a leading lifestyle brands collective, granted to Laura Ritchey, as an inducement to accept her appointment as Chief Operating Officer (“COO”) of the Company, 400,000 restricted stock units (the “RSUs”) with respect to the Company’s…
February 03, 2020
Centric Brands Inc. Appoints Laura Ritchey, Chief Operating Officer
NEW YORK, NY – February 3, 2020 –--(BUSINESS WIRE)--
Centric Brands Inc. (NASDAQ: CTRC), a leading lifestyle brands collective, announces the appointment of Laura Ritchey as Chief Operating Officer, reporting to Mr. Jason Rabin, Chief Executive Officer.
As a member of the executive leadership …
Centric Brands Frequently Asked Questions
When was Centric Brands founded?
Centric Brands was founded in 1987.
Who are Centric Brands key executives?
Centric Brands's key executives are Jason Rabin, William Sweedler and Anurup Pruthi.
How many employees does Centric Brands have?
Centric Brands has 2,500 employees.
What is Centric Brands revenue?
Latest Centric Brands annual revenue is $596.6 m.
What is Centric Brands revenue per employee?
Latest Centric Brands revenue per employee is $238.6 k.
Who are Centric Brands competitors?
Competitors of Centric Brands include Under Armour, Skechers and Guess?.
Where is Centric Brands headquarters?
Centric Brands headquarters is located at 350 5th Ave, New York.
Where are Centric Brands offices?
Centric Brands has offices in New York, Greensboro, Los Angeles and Montréal.
How many offices does Centric Brands have?
Centric Brands has 4 offices.
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