Who is Authentic Brands Group owned by?
Who is Authentic Brands Group owned by?
Authentic Brands Group
| Type | LLC |
|---|---|
| Founded | 2010 |
| Founder | Jamie Salter |
| Headquarters | 1411 Broadway, New York City, New York , United States |
| Owner | BlackRock Leonard Green & Partners General Atlantic Lion Capital LLP |
How does Authentic Brands Group make money?
However, Authentic Brands does not operate retail stores, manufacture clothing, or even manage inventory. Instead, Authentic Brands generates revenue by licensing the brand names that it owns to third parties, and supporting the brands’ identity, strategy, marketing, and promotion.
How much is Authentic Brands Group worth?
Instead, it plans to sell significant equity stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of existing stakeholders, valuing Authentic Brands at $12.7 billion. Authentic Brands CEO Jamie Salter said the company will target an IPO date in 2023 or 2024.
Is Authentic Brands Group a public company?
Authentic Brands Group, known for investing in struggling brands like Reebok and Forever 21, has officially pulled its initial public offering.
Does Shaq own authentic brand group?
In case you didn’t know, Shaquille O’Neal is officially the second-largest individual shareholder in Authentic Brands Group. ABG is a “group” of companies, with names you definitely know. Over the years, ABG has invested in and bought up a nice portfolio.
Is Shaq part of Authentic Brands Group?
O’Neal is the second-largest individual shareholder of Authentic Brands Group, the company behind dozens of brand and retailer acquisitions, including Forever 21, Barneys New York, JCPenney and most recently, Reebok.
Does Shaq own Authentic Brands Group?
Does Shaq own ABG?
O’Neal has owned shares in ABG since 2015, when the company bought the rights to his name brand. It was then that the former athlete made a decision that would turn him into the second-largest individual shareholder at ABG.
