Isaac Mizrahi Sells Brand for $31.5 Million

Fashion designer Isaac Mizrahi has sold his licensing business—think the IsaacMizrahiLIVE QVC range, not his vastly underrated Bergdorf-level collection—to Xcel Brands, a freshly formed brand licensing and management company headed by Robert D’Loren. New York-based Xcel, which will debut as a publicly traded company through a deal with a shell company called NetFabric Holdings, valued the sale of Mizrahi’s brand at $31.5 million, nearly half of which ($13.8 million) is in the form of Xcel stock.