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Newspeopleretailers

Sparc Group Appoints New CEO of Reebok

by Katie Lee

New York City — Sparc Group, a full-service lifestyle brand operating company, has appointed Todd Krinsky as the new CEO of Reebok. Krinsky succeeds Matt O’Toole, who has been leading Reebok for over 15 years and will be joining Authentic Brands Group, owner of the Reebok brand, in 2023. Krinsky, a 30-year veteran at Reebok, has been a member of the brand’s senior leadership team for more than a decade. In his new role, Krinsky will lead the team in implementing Reebok’s growth strategy, which leans into the brand’s authentic …

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Newspeopleretailers

ABG Appoints Executive Vice Chairman

by Katie Lee

New York City — Authentic Brands Group (ABG), a global brand development, marketing and entertainment platform, has appointed Matt O’Toole as executive vice chairman. In his new role, O’Toole will work in tandem with ABG’s leadership team on new brand acquisitions, driving strategic initiatives, as well as supporting the global expansion of Reebok. “We are thrilled to welcome Matt O’Toole to ABG’s leadership team,” says Jamie Salter, founder, chairman and CEO, ABG. “Matt brings over 30 years of leadership experience in the footwear, apparel, equipment and sports marketing business. For …

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franchise developmentNewsrestaurants

Shaquille O’Neal-Owned Big Chicken Signs 50-Unit Franchise Agreement in Texas

by Katie Lee

Houston — Big Chicken, the fast-casual chicken restaurant franchise founded by basketball Hall of Famer and entrepreneur Shaquille O’Neal, plans to enter the four largest Texas markets. Through a multi-unit development agreement, a Texas-based team is bringing Big Chicken to Houston, Dallas, San Antonio and Austin — four of the top 11 markets by population in the United States. “Big Chicken is exactly the kind of brand that succeeds in Texas: pioneering and bold, yet rooted in delicious tradition. Our restaurant industry’s rich diversity is our greatest strength, and we’re …

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Newsretailers

ABG Suspends All Branded Retail and E-Commerce Operations in Russia

by Katie Lee

New York City — Over the last several weeks, ABG has been working closely with its partners to suspend all branded stores and e-commerce operations in Russia. In some cases, partner operations were suspended immediately. In other cases, due to contractual issues, the suspension of partner operations took longer to come into effect. As of March 20, 2022, ABG has successfully suspended all branded stores and e-commerce operations in Russia. In light of Russia’s unrelenting attacks on Ukraine and the escalating humanitarian crisis, ABG has made donations to the United …

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Newsretailers

Authentic Brands Group to Acquire Heritage Brands Portfolio from PVH Corp.

by Katie Lee

New York City — Authentic Brands Group (ABG), a global brand owner, marketing and entertainment company, has agreed to purchase the Heritage Brands portfolio from PVH Corp. Through the transaction, ABG will own and manage the intellectual property of Izod, Van Heusen, Arrow and other distinguished brands. “This acquisition was particularly attractive because of PVH’s well-established partnerships for these heritage brands,” says Jamie Salter, founder, chairman and CEO of ABG. “Each brand has strong consumer recognition, global distribution anchored at leading retailers and robust product programs with best-in-class licensing partners. …

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Newsretailers

Authentic Brands Group and SPARC Group to Acquire Eddie Bauer

by Katie Lee

New York City and Seattle — Authentic Brands Group, LLC (ABG), a global brand owner, marketing and entertainment company, and SPARC Group, LLC (SPARC), a leading retail enterprise, have agreed to purchase Eddie Bauer, the iconic American outdoor brand, from PSEB Group (PSEB), an operating company owned by San Francisco-based private equity investment firm Golden Gate Capital. The transaction is expected to close by June 1, 2021. No financial terms were disclosed. ABG will own Eddie Bauer’s intellectual property, and the brand’s core operating business will become a part of …

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Newsretailers

Forever 21 Plans to Add 26 New Stores in Latin America

by Katie Lee

New York City — Authentic Brands Group (ABG), a global brand development, marketing and entertainment company, and AR Holdings, a leading Latin American-based brand and retail operator, have partnered to grow Forever 21 across the territory. AR Holdings will drive Forever 21 across all channels in the region including its e-commerce, wholesale and 26 retail locations in Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Panama and Peru. “Over the last 8 years, Forever 21 has established a strong foothold in Latin America and we are excited to …

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Newsretailers

ABG, Simon & Brookfield Acquire Forever 21

by Katie Lee

New York City, Indianapolis and Chicago — Authentic Brands Group (ABG), a global brand development, marketing and entertainment company, has acquired America’s original fast fashion retailer, Forever 21. ABG and Simon Property Group will each own 37.5%, and Brookfield Property Partners will own 25% of the intellectual property and operating businesses. With this move, ABG, Simon and Brookfield become the new ownership group for Forever 21. Building on the success of Aéropostale, this similar ownership structure positions Forever 21 for long term performance and growth. This acquisition further diversifies ABG’s …

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Newsretailers

ABG Acquires Barneys New York

by Katie Lee

New York City — Authentic Brands Group (ABG), a global brand owner, marketing and entertainment company, has emerged as the successful bidder to purchase the intellectual property of Barneys New York (Barneys). Through this acquisition, which closed on November 1, ABG will enhance its luxury footprint and further establish its position as a leader in contemporary fashion. “We are thrilled that our offer for Barneys has been accepted,” says Jamie Salter, founder, chairman and CEO of Authentic Brands Group. “Barneys is one of the most recognizable and iconic names in …

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Juicy Couture to Launch in South Korea

by Katie Lee

New York City — Authentic Brands Group (ABG), owner of a global portfolio of lifestyle and entertainment brands, will expand Juicy Couture in partnership with Shinsegae International, the leading Korean based lifestyle company specializing in retail development and brand building. Shinsegae International will expand Juicy Couture’s footprint throughout South Korea with the launch of 10 shop-in-shop locations in major department stores throughout the region by 2020. It is expected that there will be 50 additional shop-in-shops by the end of 2024. The first location will debut in August 2019.

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