Sequential hires Stifel to explore strategic alternatives, CEO Karen Murray steps down

Sequential Brands Group, Inc. has announced that its board of directors is conducting a broad review of strategic alternatives focused on maximizing shareholder value including the divestiture of one or more existing brands, the acquisition of one or more new brands, a stock buyback program, and other initiatives. The company also announced departure of Karen Murray as director and CEO of Sequential and that Chad Wagenheim, EVP of Strategic Development and Operations, has been promoted to President and will assist the company during this transition period.