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Authentic Brands Group

Authentic Brands Group LLC is an American brand development and licensing company based out of New York, NY. In conjunction with Leonard Green & Partners, ABG acquires, manages and builds value in consumer brands. ABG owns such consumer brands as Juicy Couture, Jones New York, Elvis Presley, Muhammad Ali, Marilyn Monroe, Michael Jackson, Nautica, Nine West, Prince Tennis, Tapout, Hickey Freeman, Judith Leiber and several others.[1]

Authentic Brands Group LLC
Industry Brand management
Founded 2010
Founder Jamie Salter
Headquarters New York City
Key people
Jamie Salter (CEO)
Nick Woodhouse (president and CMO)
Kevin Clarke (CFO)
Website www.authenticbrandsgroup.com

Contents

HistoryEdit

Jamie Salter is the founder, chairman and chief executive officer of ABG.[2] Prior to ABG, Jamie was the CEO of Hilco Consumer Capital Corp. ("HCC") and he previously served as president of GSI.[3]

On October 7, 2013, Authentic Brands Group announced the purchase of Juicy Couture from Fifth & Pacific for $195 million.[4] On November 14, 2013, Authentic Brands Group announced plans to bring the brand to Kohl's stores nationwide and Kohls.com, beginning in fall 2014.

On November 19, 2013, Authentic Brands Group announced the purchase of the estate of Muhammad Ali that would include all of Ali's intellectual property, including the largest library of photos and videos of the boxer in existence.[5]

In March 2018, Authentic Brands Group announced that they would acquire Nautica from VF Corporation.[6] The acquisition was completed on April 30, 2018.[7]

On June 10, 2018, Authentic Brands Group announced that it was the winning bidder for the intellectual property of Nine West Holdings.[8] The acquisition was completed on July 3, 2018.[9]

On August 31, 2018, Authentic Brands Group announced a bid for Thomasville & Co. and Broyhill Furniture from Heritage Home Group.[10]

Business modelEdit

Authentic Brands Group purchases brands in the sports, celebrity, men's fashion and women's fashion categories and licenses the intellectual property to retailers, wholesalers, manufacturers and direct-to-consumer channels worldwide.

ReferencesEdit

  1. ^ PALMIERI, JEAN (2013-01-30). "Authentic Brands Buys Judith Leiber, Taryn Rose, Adrienne Vittadini". Women's Wear Daily. Retrieved 18 July 2013. 
  2. ^ Kosman, Josh (28 November 2016). "Authentic Brands files confidentially for an IPO". New York Post. Retrieved 30 August 2017. 
  3. ^ McCartney, Anthony (5 August 2012). "50 years on, Marilyn's star power shines bright". The Washington Times. Retrieved 18 July 2013. 
  4. ^ "UPDATE 1-Fifth & Pacific sells Juicy Couture brand for $195 million". Reuters. 7 October 2013. 
  5. ^ "ABG buys Muhammad Ali estate". 
  6. ^ Howland, Daphne (2018-03-19). "Authentic Brands snaps up Nautica from VF". Retail Dive. Retrieved 2018-03-22. 
  7. ^ "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. 
  8. ^ "Authentic Brands beats DSW in auction for Nine West: sources". Reuters. 2018-06-10. Retrieved 2018-09-11. 
  9. ^ "ABG Completes the Acquisition of Nine West and Bandolino". Authentic Brands Group. 2018-07-03. Retrieved 2018-09-11. 
  10. ^ Craver, Richard (2018-08-31). "Thomasville, Broyhill find bidder; move may save 712 jobs in Lenoir". Winston-Salem Journal. Retrieved 2018-08-31. 

External linksEdit