EXHIBIT 21.1

SUBSIDIARIES OF SEQUENTIAL BRANDS GROUP, INC.

Name	State of Incorporation	Ownership Percentage
SQBG, Inc.	Delaware	100	%
Sequential Licensing, Inc.	California	100	%
William Rast Licensing, LLC	Delaware	100	%
Heeling Sports Limited	Delaware	100	%
Brand Matter, LLC	Delaware	100	%
SBG FM, LLC	Delaware	100	%
SBG Universe Brands, LLC	Delaware	100	%
Galaxy Brands, LLC	Delaware	100	%
GBT Promotions LLC	Delaware	100	%
Basketball Marketing Company, Inc.	Delaware	100	%
American Sporting Goods Corp.	Delaware	100	%
LNT Brands LLC	Delaware	100	%
Joe’s Holding LLC	Delaware	100	%
DVS Footwear International, LLC	Delaware	65%, except 60% of distributable assets upon dissolution
FUL IP Holdings LLC	Delaware	50.5	%
With You, LLC	Delaware	62.5	%
SBG-Gaiam Holdings, LLC	Delaware	100	%
Gaiam Brand Holdco, LLC	Delaware	100	%
Gaiam Americas, Inc.	Colorado	100	%
Modern Lotus Ltd	United Kingdom	100	%
Gaiam Limited (UK)	United Kingdom	100	%
Gaiam PTY	Australia	49.9	%