Joe’s Jeans Announces Completion of Sale of its Joe’s® Brand to Sequential Brands Group

LOS ANGELES–(BUSINESS WIRE)–Joe’s Jeans Inc. (NASDAQ: JOEZ) (the “Company”) announced today that it
has completed the sale of certain of its operating and intellectual
property assets related to the Joe’s® brand and business for an
aggregate purchase price of $80 million, led by Sequential Brands Group,
Inc. (NASDAQ: SQBG) (“SQBG”). SQBG acquired the Joe’s® brand for $67
million. Contemporaneously, Global Brands Group Holding Limited (SEHK
Stock Code: 787) acquired certain operating assets for $13 million. The
Company used the proceeds of the transactions to repay certain
outstanding indebtedness, including all of its indebtedness outstanding
under the Company’s senior term loan agreement. The Company expects to
rename itself Differential Brands Group Inc. and remain listed on NASDAQ.

As previously announced, the Company continues to work toward the
completion of the merger of the remaining Hudson business with the
parent company of Robert Graham, RG Parent LLC, a nationally-recognized
fashion brand.

About Joe’s Jeans Inc.

Joe’s Jeans Inc. designs, produces and sells apparel and apparel-related
products to the retail and premium markets under the Joe’s® and Hudson®
brands and related trademarks. More information is available at the
company’s websites at www.joesjeans.com
and www.hudsonjeans.com.

This release contains forward-looking statements within the meaning
of the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, as amended. The matters discussed in this news
release involve estimates, projections, goals, forecasts, assumptions,
risks and uncertainties that could cause actual results or outcomes to
differ materially from those expressed in the forward-looking
statements. All statements in this news release that are not purely
historical facts are forward-looking statements, including statements
containing the words “may,” “will,” “expect,” “anticipate,” “intend,”
“estimate,” “continue,” “believe,” “plan,” “project,” “will be,” “will
continue,” “will likely result” or similar expressions. Any
forward-looking statement inherently involves risks and uncertainties
that could cause actual results to differ materially from the
forward-looking statements. Factors that would cause or contribute to
such differences include, but are not limited to: the parties’ ability
to close the merger, including the receipt and terms and conditions of
any required governmental approval of the proposed merger that could
reduce anticipated benefits or cause the parties to abandon the merger,
the diversion of management’s time and attention from the Company’s
ongoing business during this time period, the impact of the merger on
the Company’s stock price, the anticipated benefits of the merger on its
financial results, business performance and product offerings, the
Company’s ability to successfully integrate Robert Graham business and
realize cost savings and any other synergies, the risk that the credit
ratings of the combined company or its subsidiaries may be different
from what the Company expects, continued acceptance of our product,
product demand, competition, capital adequacy, general economic
conditions and the potential inability to raise additional capital if
required; the risk that the Company will be unsuccessful in gauging
fashion trends and changing customer preferences; the risk that changes
in general economic conditions, consumer confidence, or consumer
spending patterns will have a negative impact on the Company’s financial
performance; the highly competitive nature of the Company’s business in
the United States and internationally and its dependence on consumer
spending patterns, which are influenced by numerous other factors; the
Company’s ability to respond to the business environment and fashion
trends; continued acceptance of the Company’s brands in the marketplace;
and other risks. The Company discusses certain of these factors more
fully in its additional filings with the SEC, including its last annual
report on Form 10-K and quarterly report on Form 10-Q filed with the
SEC, and this release should be read in conjunction with those reports,
together with all of the Company’s other filings, including current
reports on Form 8-K, through the date of this release. The Company urges
you to consider all of these risks, uncertainties and other factors
carefully in evaluating the forward-looking statements contained in this
release.

Any forward-looking statement is based on information current as of
the date of this document and speaks only as of the date on which such
statement is made, and the Company undertakes no obligation to update
these statements to reflect events or circumstances after the date on
which such statement is made. Readers are cautioned not to place undue
reliance on forward-looking statements.

Additional Information about the Proposed Merger and Where to Find It

This communication relates to the proposed merger pursuant to the
Agreement and Plan of Merger, dated September 8, 2015, by and among RG
Parent, LLC, JJ Merger Sub LLC and Joe’s Jeans Inc.

On September 9, 2015, the Company filed with the SEC a current report on
Form 8-K that includes additional information and relevant documents
regarding the merger. In connection with the proposed merger, the
Company expects to file with the SEC a registration statement on Form
S-4 that will include a proxy statement of the Company that also
constitutes a prospectus of the Company, which proxy statement will be
mailed or otherwise disseminated to the Company’s stockholders when it
becomes available. The Company also plans to file other relevant
documents with the SEC regarding the proposed merger. INVESTORS ARE
URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER RELEVANT
DOCUMENTS FILED WITH THE SEC IF AND WHEN THEY BECOME AVAILABLE, BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION. You may obtain a free copy of
the proxy statement/prospectus (if and when it becomes available) and
other relevant documents filed by the Company with the SEC at the SEC’s
website www.sec.gov.
Copies of the documents filed by the Company will be available free of
charge on its website at www.joesjeans.com
or by contacting the individual listed below.

Certain Information Regarding Participants

The Company and its directors and executive officers may be deemed to be
participants in the solicitation of proxies in respect of the proposed
merger. You can find information about the Company’s executive officers
and directors in the Company’s Form 10-K/A filed with the SEC on March
30, 2015. Additional information regarding the interests of such
potential participants will be included in the proxy
statement/prospectus and other relevant documents filed with the SEC if
and when they become available. You may obtain free copies of these
documents from the Company by contacting the individual listed below.

No Offer or Solicitation

This document shall not constitute an offer to sell or the solicitation
of an offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the requirements
of Section 10 of the Securities Act of 1933, as amended.

Contacts

Joe’s Jeans Inc.
Hamish Sandhu
323-837-3700 x304