Level Brands is a licensing, marketing and branding management company, headquartered in Charlotte, North Carolina. In November 2017, it became the seventh Regulation A+ IPO to complete and the second (after medical robotics maker Myomo) to list and trade on the NYSE American Exchange.
Video Level Brands
History
Level Brands was founded in 2015. Ever since its inception, it has been backed by kathy ireland Worldwide, with Kathy Ireland acting as the company's Chairman Emeritus and Chief Brand Strategist. Since September 2016, Martin Sumichrast has been Level Brands' CEO and President. Its board of directors includes, among others, former South Carolina State House member Bakari Sellers, and Anthony Shriver, founder of Best Buddies International.
In August 2017, it was announced that Level Brands aims to become the first company with a nationally recognized female Chairman Emeritus (Kathy Ireland) to launch a Regulation A+ IPO with an intent to list on a national securities exchange. Ireland described the event as "a very dynamic and powerful moment at Level Brands", and Martin Sumichrast added that the Regulation A+ IPO should "open up the opportunity to invest in an initial public offering[...] to a wider array of investors, at the start."
The company has reported $4.2 million revenue with losses of $1.1 million in fiscal 2017 (ending March 2017). Its revenue grew in the second quarter of calendar 2017 to an annualized rate of $7.5 million. On 16 November 2017, Level Brands closed its initial public offering, after raising its maximum of $12 million by selling 2 million shares at $6 each.
Maps Level Brands
Brands
Level Brands represents brands such as "I'M1" ("Ireland Men One"), "EE1" ("Encore Endeavor One"), and "Beauty & Pin-Ups". In addition, directly or through its children companies, Level Brands represents many celebrities, such as Brazilian neo-pop artist Romero Britto, American wedding planner David Tutera, and Katie Meade, the first model with Down syndrome to front a beauty campaign.
In January 2018, it was announced that Level Brands has partnered with Vancouver-based Isodiol International to create edible, personal care, and medicinal products with cannabidiol.
References
External links
- Level Brands
Source of article : Wikipedia
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