Xcel Brands, Inc

Xcel Brands, Inc. is flagged by Cruelty Free Investors for commercial exploitation of animals under the category of leather, hide, and fur. The company licenses and markets apparel brands, and its business model includes the design and production of product categories that traditionally utilize animal-derived materials such as leather. For example, the company holds a long-term master license for the Halston brand, which encompasses "all categories of men's and women's product." This broad scope inherently includes leather goods, a material category explicitly cited in the source evidence. The available documentation does not specify the revenue percentage derived from animal-derived materials or detail specific sourcing practices, but the company's inclusion on a targeted exclusion list for leather/hide/fur indicates its operations are materially linked to this supply chain.