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Authentic Brands Group

From Wikipedia, the free encyclopedia

Authentic Brands Group LLC
IndustryBrand management
Founded2010
FounderJamie Salter
Headquarters
Key people
Jamie Salter (CEO)
Nick Woodhouse (president and CMO)
Websitewww.authenticbrandsgroup.com

Authentic Brands Group LLC is a brand development, marketing and entertainment company[1] based out of New York City, New York, which owns a global portfolio of entertainment and lifestyle brands. In conjunction with Leonard Green & Partners, Lion Capital, and General Atlantic,[2] ABG manages more than 33 consumer brands,[3] and partners with manufacturers, wholesalers, and retailers. ABG’s brands have a retail footprint in more than 50,000 points of sale across the luxury, specialty, department stores, shop-in-shops, ecommerce, mid-tier, and mass channels[4] and more than 4,600 branded freestanding stores and shop-in-shops around the world.[5]

ABG’s global portfolio includes Marilyn Monroe, Mini Marilyn, Elvis Presley, Muhammad Ali, Shaquille O'Neal, Dr. J, Greg Norman, Neil Lane, Thalia, Michael Jackson (managed brand), Nautica, Aéropostale, Juicy Couture, Jones New York, Herve Leger, Judith Leiber, Frederick's of Hollywood, Frye, Adrienne Vittadini, Taryn Rose, Misook, Hickey Freeman, Hart Schaffner Marx, Spyder, Tretorn, Tapout, Prince, Airwalk, Vision Street Wear, Above The Rim, and Hind.

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Transcription

History

Jamie Salter is the founder, chairman and chief executive officer of ABG.[6] Prior to ABG, he was the CEO of Hilco Consumer Capital Corp. ("HCC") and previously served as president of GSI.[7] Other members of ABG’s executive team include President & CMO Nick Woodhouse, Executive Vice Chairman & CSO Daniel W. Dienst,[8] CFO Kevin Clarke, and General Council Jay Dubiner.

On October 7, 2013, Authentic Brands Group announced the purchase of Juicy Couture from Fifth & Pacific for $195 million,[9] and on November 14, 2013, announced plans to bring the brand to Kohl's stores and Kohls.com, beginning in fall 2014.

On November 19, 2013, the firm announced the purchase of the estate of Muhammad Ali that would include all of Ali's intellectual property.[10]

In March 2018, the firm announced that they would acquire Nautica from VF Corporation.[11] The acquisition was completed on April 30, 2018.[12]

On June 10, 2018, the firm announced that it was the winning bidder for the intellectual property of Nine West Holdings.[13] The acquisition was completed on July 3, 2018.[14]

On October 10, 2018, ABG announced that it had entered into a definitive agreement to purchase a majority stake in the intellectual property of the Camuto Group's proprietary brands in partnership with DSW Inc.[15]

References

  1. ^ "Authentic Brands Group Receives Investment from General Atlantic |FinSMEs". FinSMEs. 2017-10-30. Retrieved 2018-10-04.
  2. ^ Young, Vicki M. (2017-10-30). "General Atlantic Makes Investment in Authentic Brands Group". WWD. Retrieved 2018-10-04.
  3. ^ Palmieri, Jean E. (2018-09-24). "ABG's Nick Woodhouse on Building an Influencer Network". WWD. Retrieved 2018-10-04.
  4. ^ "General Atlantic backs ABG, owner of Juicy Couture and Aéropostale". Mergers & Acquisitions. Retrieved 2018-10-04.
  5. ^ Palmieri, Jean E. (2018-09-24). "ABG's Nick Woodhouse on Building an Influencer Network". WWD. Retrieved 2018-10-04.
  6. ^ Kosman, Josh (28 November 2016). "Authentic Brands files confidentially for an IPO". New York Post. Retrieved 30 August 2017.
  7. ^ McCartney, Anthony (5 August 2012). "50 years on, Marilyn's star power shines bright". The Washington Times. Retrieved 18 July 2013.
  8. ^ "ABG Adds Chief Strategy Officer". License Global. 2018-08-20. Retrieved 2018-10-04.
  9. ^ "UPDATE 1-Fifth & Pacific sells Juicy Couture brand for $195 million". Reuters. 7 October 2013.
  10. ^ "ABG buys Muhammad Ali estate".
  11. ^ Howland, Daphne (2018-03-19). "Authentic Brands snaps up Nautica from VF". Retail Dive. Retrieved 2018-03-22.
  12. ^ "VF Corporation Completes the Sale of Its Nautica® Brand Business to Authentic Brands Group, LLC". Business Wire (Press release). 2018-04-30. Retrieved 2018-05-17.
  13. ^ "Authentic Brands beats DSW in auction for Nine West: sources". Reuters. 2018-06-10. Retrieved 2018-09-11.
  14. ^ "ABG Completes the Acquisition of Nine West and Bandolino". Authentic Brands Group. 2018-07-03. Retrieved 2018-09-11.
  15. ^ Young, Vicki M. (2018-10-10). "Camuto Group to Be Acquired by ABG, DSW for $375 Million". WWD. Retrieved 2018-10-15.

External links

This page was last edited on 27 November 2018, at 20:15
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