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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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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

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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