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Jessica Simpson considered ‘borrowing from her houses’ to buy back Jessica Simpson Collection

Jessica Simpson has revealed that she once considered borrowing against her homes to regain full ownership of her brand, Jessica Simpson Collection.

A majority stake in the Jessica Simpson Collection was purchased by Sequential Brands Group Inc. in 2015, leaving Jessica and her mother Tina with only a 37.5% minority stake in the company.

Simpson, who successfully regained control of the multibillion-dollar empire in October, told… Bloomberg Business Week that she and her mother began their two-year battle for ownership in 2019.

The Jessica Simpson Collection, a lifestyle brand that produces shoes, clothing, fragrances and other items for women, was launched in 2005 and is directly inspired by and designed by Simpson, 41.

All in: Jessica Simpson has revealed she once considered borrowing against her homes to regain full ownership of her brand, Jessica Simpson Collection

All in: Jessica Simpson has revealed she once considered borrowing against her homes to regain full ownership of her brand, Jessica Simpson Collection

On that fateful day in 2019, Jessica was 34 weeks pregnant with her third child, daughter Birdie Mae, and had been hospitalized with a severe case of bronchitis.

She told the outlet that it was then that she and her mother, who has been her long-time business partner and president of the brand, began their property search.

“We borrow against our houses,” Jessica told the outlet that she would do almost anything to regain control of the Jessica Simpson collection.

“Even if I have to live in a tiny, tiny place in Ireland, I will.”

Takeover: Simpson, who successfully regained control of the multi-billion dollar empire in October, told Bloomberg Businessweek that she and her mother began their two-year battle for ownership in 2019;  Jessica and Tina pictured in 2018

Takeover: Simpson, who successfully regained control of the multi-billion dollar empire in October, told Bloomberg Businessweek that she and her mother began their two-year battle for ownership in 2019; Jessica and Tina pictured in 2018

With luck on their side, Jessica and Tina would discover that same year that Sequential Brands Group Inc. – who bought their majority share of the brand from Camuto Group in 2015 – was struggling financially.

The dynamic duo reportedly contacted Sequential Brands Group Inc about their plans to regain full ownership, as Jessica didn’t want her “name” tarnished.

“My name was on it. I never deviate from my name,” she emphasized.

By August 2021, Sequential Brands Group Inc. File for Chapter 11 bankruptcy protection.

Her name: The Jessica Simpson Collection, a lifestyle brand that produces shoes, clothing, fragrances and other items for women, launched in 2005 and was directly inspired and designed by Simpson, 41;  Jessica pictured in 2020

Her name: The Jessica Simpson Collection, a lifestyle brand that produces shoes, clothing, fragrances and other items for women, launched in 2005 and was directly inspired and designed by Simpson, 41; Jessica pictured in 2020

According to Bloomberg in September, Simpson had reportedly offered to buy the brand out of bankruptcy for $65 million.

Just a month later, Jessica successfully became the CEO of the Jessica Simpson Collection after two years of determination to reclaim the brand.

In an interview with Shoe news after the win, Jessica let it be known that it ‘means the absolute world to me to take full ownership of my brand’.

“After 16 years in business, I feel ready to face this next exciting phase with open arms. I know the sky is the limit when my mom, our incredible team and I go all out with our customers.”

Determined,

Determined, “We’re borrowing against our homes,” Jessica told the outlet that she would do almost anything to regain control of the Jessica Simpson collection. ‘Even if I have to live in a tiny, tiny place in Ireland, I will’

The Public Affair singer shared her pride on Instagram on Thursday Bloomberg Business Week cover story with her 5.7 million followers.

“Patience, passion, perseverance, prayer, throwing balls and Hail Mary while remaining humble by grace gave me back my strength and my name,” she began in her caption.

For her cover photo, Jessica was sporting full hair and makeup and rocking a chic black mockneck sweater.

She continued: ‘If this girl with a dream could do it, then I know anyone can! Thanks @businessweek for the honor of an epic cover story I’ll frame!’

Means the world: In a statement to Footwear News after the win, Jessica gushed that it 'means the absolute world to me to take full ownership of my brand'

Means the world: In a statement to Footwear News after the win, Jessica gushed that it ‘means the absolute world to me to take full ownership of my brand’

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