Authentic Brands Group news and archive

Authentic Brands Group to acquire intellectual property rights of Guess

The US fashion and media group Authentic Brands Group LLC has acquired another prominent fashion brand. On Wednesday, the company announced it had signed a binding agreement to assume control of Guess’s intellectual property rights. The acquisition is "another important milestone" for Authentic, the group stated. With global annual brand...

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ABG refutes claims of selling Reebok to Anta Sports

Authentic Brands Group (ABG) has dismissed rumours of a potential sale of its Reebok brand to the Chinese company Anta Sports. According to an internal memo obtained by Footwear News, ABG has no intentions of divesting the brand. The memo states, “Authentic has no plans to divest Reebok - not now, not ever,” and affirms the company's commitment...

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ABG names Henry Stupp as president of EMEA

Authentic Brands Group (ABG) has appointed Henry Stupp as its new president of Europe, the Middle East and Africa (EMEA). The move is described as an “important step” for the company as it looks to heighten its focus on expansion in key regions as it continues to diversify its portfolio, which includes Juicy Couture, Forever 21, Barneys, and...

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Authentic Brands Group completes acquisition of outdoor brand Eddie Bauer

Forever 21 owner Authentic Brands Group (ABG) and retail enterprise SPARC Group have completed their acquisition of US outdoor brand Eddie Bauer. “We are thrilled to welcome this iconic American outdoor brand into our portfolio,” said ABG founder and chair Jamie Salter in a release. “Eddie Bauer comes at an exciting time for ABG and SPARC as the...

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Authentic Brands Group and SPARC to acquire Eddie Bauer

Authentic Brands Group (ABG) and SPARC Group have signed a definitive agreement to purchase Eddie Bauer, the American outdoor brand, from PSEB Group, an operating company owned by Golden Gate Capital. The company said in a release that ABG will own Eddie Bauer’s intellectual property and the brand’s core operating business will become a part of...

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Barneys New York to return in 2021

Yes, you can call it a comeback. Barneys New York is returning early next year under its new owner Authentic Brands Group (ABG) group. There were plans to give Barneys New York a proper revival this year, but they were delayed by the coronavirus pandemic. Two stores are set to open in the first quarter, over a year after Barney’s originally...

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Retail

ABG expands Forever 21's presence in Latin America

Authentic Brands Group has announced a new partnership with AR Holdings to expand the presence of Forever 21 in the region of Latin America. A leading retail operator in the region, AR Holdings will help drive the brand across ecommerce, wholesale and 26 retail locations in Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador,...

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Simon Property Group, Authentic Brands Group acquire Lucky Brand

Lucky Brand has been bought by Sparc Group, joint partnership of Simon Property Group and Authentic Brands Group. The denim brand had been searching for a buyer since it filed for bankruptcy last month. Sparc is paying a sum of 140.1 million dollars in cash for Lucky Brand, and will acquire rights to sourcing, product design and development and...

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Brooks Brothers to be acquired by Authentic Brands and Sparc Group

Brooks Brothers has announced that it is to be acquired by Authentic Brands Group and Sparc Group after they increased their offer from 305 million dollars to 325 million dollars. The two companies will take control of the vast majority of the menswear brand’s global business operations as a going concern as well as its intellectual property...

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Volcom targets China following new local partnership

California-born board sports brand Volcom, owned by Authentic Brands Group, is targeting expansion in China after signing a partnership with the China Ting Group, a leading China-based lifestyle company specialising in retail development and brand building. Through this partnership, the China Ting Group will become a “pivotal partner” states...

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Forever 21 appoints former H&M executive as new CEO

Authentic Brands Group (ABG) has announced the appointment of former H&M executive Daniel Kulle as the new CEO of Forever 21. The news comes after ABG, along with Simon Property Group and Brookfield Property Group, acquired the embattled LA-based fast-fashion chain earlier this month after it filed for Chapter 11 bankruptcy protection in...

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Forever 21 was officially acquired by Authentic Brands Group & Simon

Authentic Brands Group, Simon Property Group and Brookfield Property Group have confirmed acquisition of Forever 21. ABG and Simon will each own 37.5 percent of the retailer's intellectual property and operating businesses. , while Brookfield will own 25 percent. “Forever 21 is a powerful retail brand with incredible consumer reach and a wealth...