Xcel Brands announces sale of Judith Ripka for $3M

Xcel Brands (XELB) announced the sale of luxury fine jewelry brand Judith Ripka in a transaction valued at approximately $3M. “I am pleased to have found an outstanding strategic buyer to continue the legacy of this luxury fine jewelry brand. I am excited to see the new vision of Judith Ripka fine jewelry. This is an exciting moment for Xcel as we continue to leverage our deep experience in video commerce to build influencer-led brands around their millions of followers,” said Robert D’Loren, chairman and CEO of Xcel Brands.