Exhibit 21.1

Subsidiaries of Xcel Brands, Inc.

Name and Jurisdiction of Incorporation

• IM Brands, LLC, a Delaware limited liability company

• IMNY Store 1, LLC, a New York limited liability company

• IMNY Retail Management, LLC, a Delaware limited liability company

• IMNY e-store, USA, LLC, a Delaware limited liability company

• JR Licensing, LLC, a Delaware limited liability company

• H Licensing, LLC, a Delaware limited liability company

• C Wonder Licensing, LLC, a Delaware limited liability company

• Xcel Design Group, LLC, a Delaware limited liability company

• The Beauty Solution, LLC, a Delaware limited liability company

• Tribe Cosmetics, LLC, a Delaware limited liability company

• H Heritage Licensing, LLC, a Delaware limited liability company