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Newspeopleretailers

Authentic Brands Group Appoints New CFO

by Katie Lee

New York City — Authentic Brands Group has appointed Jessica Holscott as chief financial officer. Holscott succeeds Kevin Clarke, founding partner and longtime company leader, as he assumes a new position as executive vice chairman. Holscott joins Authentic from Warner Media, where she served as executive vice president and chief financial officer of Studios and Networks. Holscott brings a wealth of experience and knowledge in financial management, strategic planning, operations and mergers and acquisitions. Prior to joining Warner Media, Holscott held several leadership roles, including executive vice president and CFO …

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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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Newspeopleretailers

Forever 21 Names New CEO

by Katie Lee

Los Angeles — On January 19, Forever 21 named Winnie Park as chief executive officer (CEO) of the fashion brand. The appointment is effective immediately. Park joins Forever 21 from Paper Source, where she served as CEO for the past 6 years. Park’s tenure at Paper Source is marked by transforming the brand from a brick-and-mortar retailer to a lifestyle brand with a robust digital platform spanning social, digital content, online subscriptions and affiliate partnerships. She also led the successful sale of the brand to an affiliate of Barnes & …

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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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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 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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Newsretailers

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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