Differential Brands Group Inc. reported a first-quarter loss for the period ended March 31.
The loss was $6.4 million, or 52 cents a diluted share, compared with net income of $557,000, or 6 cents, a year ago. Net sales rose 84.3 percent to $34.9 million from $18.9 million.
The company in January completed the acquisition of RG Parent LLC, which brought Robert Graham under its umbrella.
Michael Buckley, chief executive officer, said, “With the completion of the merger, our focus has shifted to executive on our omnichannel vision for the company and creating the playbook for future acquisitions.”
The company is seeking to acquire complementary, premium brands that are accretive to earnings.
Differential Brands is a platform that focuses on branded operating firms in the premium apparel, footwear and accessories categories. Current brands under its umbrella include Hudson, the premium denim firm, and men’s wear firm Robert Graham. The company also has the Joe’s brand retail stores as part of its portfolio.