Xcel brands, inc. announces fourth quarter and fiscal year 2022 results

New york, april 17, 2023 (globe newswire) -- xcel brands, inc. (nasdaq: xelb) (“xcel” or the “company”), a media and consumer products company with over $4 billion in retail sales under its brands and 10,000 hours of livestream programming time, today announced its financial results for the fourth quarter and fiscal year ended december 31, 2022. the company also announced that it has finalized licensing and joint venture agreements to reduce operating costs by over $10 million annualized, while creating a highly profitable and asset light business model. as a result, the company plans to update shareholders via a live conference call and webcast. details of the conference call and webcast will be provided in the coming weeks.
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