Xcel Brands Co-Founds ORME, a Next Generation Short-Form Video Marketplace
Xcel Brands, Inc (XELB)
NASDAQ:AMEX Investor Relations:
ir.xcelbrands.com/press-releases
Company Research
Source: GlobeNewswire
Xcel Brands owns 30% of ORME ORME was created to reward customers for interacting with brands and retailers NEW YORK, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Xcel Brands, Inc. (NASDAQ: XELB) (“Xcel” or the “Company”), a media and consumer products company with expertise in livestream shopping and social commerce, today announced its 30% investment in ORME, a groundbreaking short-form video (SFV) marketplace designed to revolutionize social commerce. “ORME is an opportunity with unicorn potential,” said Robert W. D’Loren, Chairman and Chief Executive Officer of Xcel. “ORME is redefining how consumers interact with brands and products, creating a seamless and engaging shopping experience that provides a nearly infinite return on ad spend for brands and gives all shoppers an opportunity to participate in the retail commerce flywheel.” Faisal Ahmed, CEO of ORME, Inc., highlighted, “ORME is more than a marketplace; it is a community where social sharing and referral incentives include and
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News
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- Xcel Brands, Inc. Announces Fourth Quarter and Fiscal Year 2023 Results [Yahoo! Finance]Yahoo! Finance
XELB
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- 4/16/24 - Miss
XELB
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- 4/19/24 - Form 8-K
- 4/19/24 - Form 10-K
- 4/4/24 - Form 4
- XELB's page on the SEC website