DISTRESSED DAILY: Balky Clients Ail Jessica Simpson Brand Owner

Sequential Brands Group Inc., the parent of labels including Jessica Simpson fashions and Heelys sneakers, is once again voicing concern about its ability to pay its debts.

“The Covid-19 pandemic will continue to impact our operating results, cash flows and financial conditions,” Daniel Hanbridge, interim chief financial officer, said on an earnings call Thursday.

Revenue is down and the company posted a fourth straight quarterly loss because licensees are requesting temporary breaks or have already deferred payments, according to a filing.

Cash on hand is down to $16.8 million, including restricted funds, while the company has almost ...