All Authentic Brands Group articles – Page 5
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New Reebok licensee for Greater China
Tristate Holdings, a licensee of the Authentic Brands Group (ABG) for its Nautica and Spyder brands, has been selected as the licensee for Reebok in China, Hong Kong, Macau and Taiwan after its takeover from the Adidas Group. It will manage all wholesale and retail operations for Reebok in the ...
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ABG cancels its IPO registration
The Authentic Brands Group has officially withdrawn the application that it had made with the U.S. Securities & Exchange Commission on July 6, 2021 for an initial public offering. ABG, which is still in line to take over Reebok before the end of the current quarter, had indicated in November ...
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ABG and Puma circle over the Beckhams
The Authentic Brands Group (ABG), which is in line to complete its acquisition of Reebok during the first quarter of 2022, has reportedly signed a deal to buy 55 percent of the shares in DB Ventures from David Beckham for $269 million. The company manages the former popular English football ...
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ABG strikes an early deal with the JD group for Reebok
The Authentic Brands Group (ABG) has secured an agreement with JD Sports Fashion for Reebok to be available for sale in all its 2,850 stores in Europe and North America, including those operating under the JD, Size?, Finish Line, DTLR, Shoe Palace, Sprinter and SportZone and their associated e-commerce platforms. ...
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ArticleS&P compares Reebok to Champion
Standard & Poor’s confirmed its B issuer credit rating for the Authentic Brands Group (ABG) after its decision to bring in two new investors, HPS Investment Partners and CVC Capital, instead of raising new capital by going public. As reported, they both purchased some of the existing shareholders’ shares. Instead, ...
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ArticleABG signs up licensees for Reebok in the U.S., Latin America and Australia
True to its own business model, the Authentic Brands Group (ABG) has announced a slate of “strategic operating partners” that will license the Reebok brand for the U.S. and other key regions around the world once its acquisition is completed as planned in the first quarter of 2022. The Sparc ...
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ArticleABG sees Reebok reaching $10 bn at retail
Jamie Salter, CEO of the Authentic Brands Group (ABG), told Footwear News that he sees Reebok growing by more than 20 percent in 2022, generating more than $5 billion worth of sales at the retail level. He added that ABG’s goal is to take the brand’s retail sales up to ...
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Shelving IPO plans, ABG brings in two new investors
Placing on hold its plans to go public, as previously announced in July, the Authentic Brands Group (ABG) has decided to stay private. Instead of going for an IPO at this stage, some existing shareholders will sell significant stakes in ABG to funds advised by the private equity company CVC ...
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ABG to retain its debt rating with Reebok's acquisition
Moody’s said that it will not be changing the Authentic Brands Group’s debt rating (B2 Stable) in light of its costly acquisition of Reebok. As Moody’s notes, Reebok’s sales growth “has consistently lagged behind” that of Adidas, the selling party (A2 Stable), and its turnaround, begun in 2016, is not ...
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ABG may lose its rating if it delays its IPO
Standard & Poor’s indicated that it may downgrade its ratings for the Authentic Brands Group (ABG) if it delays its planned public offering, which would help it to finance its €2.1 billion acquisition of Reebok, or if the IPO would lead the institutional investors that have been sponsoring its expansion ...
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ArticleAdidas sells Reebok to ABG for up to €2.1bn
Adidas announced on Aug. 12 that it has entered into a definitive agreement to sell Reebok to the Authentic Brands Group (ABG) for a total of up to €2.1 billion. The majority will be paid in cash at the time of closing, which is expected to occur in the first ...
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Report: ABG and Wolverine are no longer bidding for Reebok
The Authentic Brands Group (ABG) and Wolverine Worldwide have reportedly pulled out of the bidding process for Reebok, according to The New York Post. The newspaper mentioned Aug. 2 – three days before the scheduled release of Adidas’ first-half results – as the deadline set for submitting any binding bids. ...
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ABG’s planned IPO triggers S&P review
Standard & Poor’s indicated that it may upgrade its debt ratings for the Authentic Brands Group (ABG) based on the amount that it will raise through its planned public offering. The credit rating agency said it expects ABG to use the proceeds to repay a portion of its debt, which ...
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Publishing some figures, ABG files for its IPO
Confirming rumors that have circulated in the past few weeks, the rapidly expanding Authentic Brands Group (ABG) has filed for an initial public offering. It said it seeks to raise $100 million through an IPO on the New York Stock Exchange, but it did not indicate yet the timing, how ...
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Authentic Brands moves the Spyder license to Liberated Brands
Authentic Brands Group (ABG) has announced the transition of its core licenses for its ski-focused Spyder brand to Liberated Brands. Under the terms of the new long-term agreement, Liberated Brands will assume outerwear and apparel sourcing, product design, marketing, wholesale, e-commerce and retail store operations across the U.S., Canada, Australia, ...
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ABG places Apex’ former CEO in charge of EMEA
The Authentic Brands Group (ABG), the rapidly expanding New York-based brand ownership and licensing group founded and run by Jamie Salter, has set up a subsidiary for the EMEA region in London and hired Henry Stupp to run it. As president of ABG EMEA, he is tasked of driving ABG’s ...
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ABG may go public
The Authentic Brands Group has confidentially filed an application for an initial public offering (IPO), according to Women’s Wear Daily, whose sources apparently confirmed a previous report in Bloomberg that ABG was exploring a potential IPO that could value the group at about $10 billion. The IPO that could be ...
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Ashley and ABG vie for Debenhams and Arcadia
Mike Ashley, the acquisitive boss of Frasers Group who is bidding for Debenhams, the biggest and oldest British department store chain, is reportedly interested now also in some of the assets of Arcadia, the bankrupt fashion retailing group that holds the largest number of concessions in Debenhams stores. His interests ...
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Major League Baseball was the world’s largest sports licensor in 2018
On a list of the world’s largest licensors, published annually by USPA Global Licensing Inc.’s Licence Global magazine, and including organizations from all industries, U.S. Major League Baseball (MLB) was once again the top-ranked sports rights holder on a list of the world’s largest licensors in 2018. Its retail sales ...
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News briefs
Volcom is expanding its retail footprint in China
Authentic Brands Group (ABG) has called on the brand-building services of the China Ting Group to expand the footprint of one of its properties, Volcom, in the Middle Kingdom. In June the Californian boardsports brand opened two stores in China – at the Mixc Mall in Hangzhou and the Summer ...
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