Jamie Salter may love making deals, but at the end of the day, it’s his family that means the most to him. So it’s apropos that the founder, chairman and chief executive officer of Authentic Brands Group will be honored by the National Father’s Day Council as one of the recipients of its Father of … Read more
Phyllis Pressman, who was part of the family that revolutionized retail by making Barneys New York as much a happening as a place of commerce, died on April 16 at the age of 95. Pressman was under hospice care at her home in Palm Beach, Fla., at the time of her death, according to her … Read more
Judith Leiber is the latest brand to jump into the red-hot furniture business. The global luxury brand owned by Authentic Brands Group has partnered with Theodore Alexander, a leading name in home furnishings, to manufacture and distribute its inaugural furniture collection. The line will debut at High Point Market, which runs from April 12 to … Read more
After a bidding process that went on for weeks, Authentic Brands Group came out the winner after agreeing to buy the athletic apparel label Champion from Hanesbrands Inc. for a little more than $1 billion. “Champion agreed to be acquired by ABG last Friday or Monday,” said a source knowledgeable about the negotiations. “They should … Read more
The bad news just keeps coming at Boardriders, the Southern California conglomeration of surfwear brands acquired by Authentic Brands Group last year. The company is continuing to reduce headcount and is negotiating cost-cutting contracts with its team of athlete ambassadors who front the various surf and skateboard brands. In documents filed with the California Employment … Read more
Authentic Brands Groups has named Lim Mi-Kyoung senior vice president, head of Australia and New Zealand. She will oversee the company’s regional expansion in that area, focusing on brand development and seeking to build long-term growth. Mi-Kyoung is Authentic’s first employee in the region and will build a team dedicated to growing the company’s portfolio … Read more
The bids are in and the Champion sale process is closer to finding its winner. Hanesbrands Inc. hired Goldman Sachs & Co. and Evercore last year to explore “strategic options” for the active brand, leading to an auction that set the deadline on first-round bids for Wednesday, WWD previously reported. A source close to the … Read more
LONDON – Less than a year after forging a deal, Authentic has severed ties with AARC, its U.K. and European retail partner for the Ted Baker business. Authentic said in a statement over the weekend that AARC had not met its financial obligations, and had failed to invest in the Ted Baker business. Last April, Authentic signed … Read more
Next month, ChatGPT will go somewhere it has never gone before — the face — thanks to the February launch of a new range of audio-driven smart glasses called Nautica by Lucyd. The device collection, which will ship in late January, brings OpenAI’s bot to a new fashion frontier through a partnership between Innovative Eyewear … Read more
Authentic Brands Group has added another company to its stable — Sperry, the quintessential boat shoe brand. Early Thursday, the New York-based brand development, entertainment and marketing platform said it purchased the American heritage footwear brand. At the same time, it has inked a deal with the Aldo Group to serve as Sperry’s North American … Read more
