SUBSIDIARIES OF SEQUENTIAL BRANDS GROUP, INC.

EXHIBIT 21.1

SUBSIDIARIES OF SEQUENTIAL BRANDS GROUP, INC.

Sequential Brands Group, Inc. has four wholly owned subsidiaries: Versatile Entertainment, Inc., a California corporation, Xxxxx Xxxx, LLC, a California limited liability company, Heelys, Inc., a Delaware corporation and Brand Matter, LLC, a Delaware limited liability company.

DVS Footwear International, LLC is a joint venture between Sequential Brands Group, Inc. and Elan Polo International, Inc. The Operating Agreement entered into between the parties provides that Sequential Brands Group, Inc. will receive 65% of the distributions and allocation of net profits and losses of DVS Footwear International, LLC and 60% of the distributable assets upon dissolution of DVS Footwear International, LLC.

Xxxxx Xxxx, LLC owns a 82% membership interest in each of Xxxxxxx Xxxx Sourcing, LLC, a California limited liability company, and Xxxxxxx Xxxx Licensing, LLC, a California limited liability company.

Xxxxxxx Xxxx Retail, LLC, a California limited liability company, is a wholly-owned subsidiary of Xxxxxxx Xxxx Sourcing.

Xxxxxxx Xxxx Europe Holdings, LLC, a Delaware limited liability company, is a wholly-owned subsidiary of Xxxxxxx Xxxx Sourcing.

Xxxxxxx Xxxx Europe B.V. is a wholly-owned subsidiary of Xxxxxxx Xxxx Europe Holdings, LLC.