- Prachi Singh |
Authentic Brands Group LLC (ABG), has announced the completion of Nine West and Bandolino acquisition from Nine West Holdings, Inc. Through this purchase, the company said, ABG increases its footwear and accessories business to over 2 billion dollars in global retail sales, further establishing its position as a leader in the fashion footwear space, and bringing its brand portfolio to nearly 8 billion dollars in global retail sales.
“From the moment ABG won the bid for Nine West and Bandolino we received an outpouring of interest from retailers, distributors, and new licensing partners. Now that the acquisition has been formalized, we are kicking the brands’ growth strategies into high gear,” said Jamie Salter, Chairman & CEO of ABG in a statement.
As part of this acquisition, ABG assumes all licensing partnerships and marketing activities for the Nine West and Bandolino brands. With respect to the brands’ footwear and handbag categories, ABG has appointed Marc Fisher Footwear to operate the footwear businesses and Signal Products, Inc. to operate the handbag and SLG businesses.