Jessica Simpson has been investing money in her brand — and it’s resulted in an awkward moment or two.
“I am draining my bank account,” the “Irresistible” singer, 41, said during her Tuesday, April 19, appearance on The Real. “I have no working credit card. It’s OK. I will pay cash. I went to Taco Bell yesterday and my card was denied. I’m on a budget, ladies!”
The Open Book author explained that she’s currently working on expanding her clothing brand to include lines for boys and men, and when it comes to her business, she’s willing to go all in.
“With money, there’s just so much fear attached to it,” the Texas native said. “And I’m the person that you get mad at at the blackjack table. I’ll put it all out there if it’s me that’s driving the show, because I believe in myself and I know what I can do. And I know that nothing will stop me, and if you try to stop me, I’ll try harder.”
The Employee of the MonthThe Jessica Simpson Collection was co-founded by actress Jessica Simpson and her mother in 2005. Tina Simpson. After Sequential Brands Group Inc. had sold the brand in 2015, the duo bought the brand back in November 2021. Sequential filed for bankruptcy on August 2021. NewlywedsThe business was reclaimed by the alum and her mother, 62.
“It means the absolute world to me to be able to take over complete ownership of my brand,” Jessica told Footwear NewsIn October 2021. “After 16 years in business, I feel ready to meet this next exciting phase with open arms. I know the sky is the limit when my mom, our incredible team and I lock into our customers completely.”
One month later, the former Fashion StarJudge gushed about how happy and relieved she was to have regained control of her company after a three year battle.
“I am truly humbled to reclaim 100% ownership of MY name and my brand,” she wrote via Instagram in November 2021. “It was a long journey getting to this point. I was told that brand ownership was not possible, that I wasn’t relevant enough, and that I wouldn’t have 100%. My mom @tinasimpsonofficial was my support system. We were steadfast, patient and determined, brave, and strong. TODAY we can look back on the past and say we defeated all odds. We won the battle and are proud to announce our victory today! The entire Jessica Simpson Collection belongs to us!”
The Jessica Simpson Collection was a top-selling collection that sold over $1 billion annually. However, the company collapsed after Sequential’s purchase. It was bought back by her family for $65million last year.
“I drained everything to buy it back,” the Blonde AmbitionCNBC spoke with star on Tuesday. “But I’m my best investment to myself. I believe in big ideas. I don’t think anything is impossible.”