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4 Jun

Authentic Brands Group Acquires Hunter Boots

Authentic Brands Group Acquires Hunter Boots
Authentic Brands Group is at it again. The Latest York-based brand development, marketing and entertainment platform, on Friday said it has acquired the mental property of Hunter, the heritage British brand best known for its Original Wellington boot. The deal is believed to be valued at $125 million. Authentic had been rumored for months to be circling Hunter but put the potential acquisition on the back burner because it finalized its purchase of Boardriders, the parent company of Quiksilver and Billabong amongst others. It inked the $1.3 billion Boardriders deal at the tip of March. At the identical time, Authentic said it created a partnership with The Batra Group, a U.K.-based product development, design, sourcing and distribution firm. Under the terms of this deal,...
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27 Apr

Ted Baker Management Exits as Authentic Inks Recent Deals

Ted Baker Management Exits as Authentic Inks Recent Deals
LONDON — Authentic Brands Group said Thursday it has inked long-term strategic deals with two recent operating partners, PDS Group and AARC, to run the Ted Baker brand within the U.K. and Europe. PDS, a design-led fashion sourcing and manufacturing platform, will grow to be a “core licensee and operating partner” for Ted Baker through a worldwide subsidiary, Authentic said. It is going to serve because the “global hub” for the newly established Ted Baker Design Group and tackle design and merchandising functions for the brand. It is going to be positioned at Ted Baker’s current London headquarters at 101 Cleveland Street in London, and oversee all design, development and product innovation. Ted Baker’s global distribution partners will purchase the brand’s core categories...
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27 Apr

Authentic Brands Group to Kick Off Global Citizen Campaign

Authentic Brands Group to Kick Off Global Citizen Campaign
Authentic Brands Group has identified the mark in addition to the brand partners that it'll work with for its Global Citizen initiative. As reported in February, the brand development and marketing company is partnering with Global Citizen, the world’s largest international advocacy organization, to spur customers to make use of their purchasing power to drive change. The deal is a component of the nonprofit organization’s Take Motion campaign and can include an array of co-branded products, marketing activations and donation round-up programs. A percentage of the acquisition price of the co-branded merchandise will go to Global Citizen. “When consumers purchase items featuring the Take Motion mark, they'll know they're supporting positive global impact and are encouraged to develop into a worldwide citizen,”...
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24 Apr

Vince Cuts Deal With Authentic Brands Group

Vince Cuts Deal With Authentic Brands Group
Count Vince as the most recent fashion brand to return into the orbit of Authentic Brands Group.  In what was dubbed “a transformative strategic partnership,” Vince Holding Group plans to transfer its mental property to a newly formed Authentic subsidiary, ABG Vince, in return for $76.5 million in money and a 25 percent membership interest within the subsidiary. Vince will proceed as a publicly traded company and plans to make use of proceeds from the deal to extend its working capital and repay the $27.7 million outstanding under its term loan credit facility.  Together with the partnership, the 2 signed a 10-year license that may allow Vince to proceed running its current operations with the choice for eight 10-year renewals.   Jack Schwefel, chief executive...
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