Authentic Brands Group ditches IPO, and sells stake in $12.7B deal
November 22, 2021
Authentic Brands Group has chosen to forego an initial public offering and has sold stakes in its business to private equity firm CVC Capital, hedge fund HPS Investment Partners and existing stakeholders. Authentic Brands’ portfolio includes full or partial ownership of Aeropostale, Barney New York, Brooks Brothers, Forever 21 and Sports Illustrated magazine.
Recent News
Jimmy John’s Heats Up the Summer With New Spicy Menu
Jimmy John’s is turning up the heat this summer with the launch of three new limited-time offerings.
Bruce Nordstrom, Former Department Store Head, Dies at 90
Bruce Nordstrom, a retail executive who played a key role in transforming his family’s department store chain into a prestigious national brand, has passed away.
Woman Challenges Atlantic City Casino Over $1.2M Jackpot Dispute
In a contentious case emerging from Atlantic City, a New Jersey woman alleges that Bally’s Casino is refusing to honor her $1.2 million jackpot win, citing a slot machine malfunction.
Copper Prices Surpassing All-Time High
Copper prices have surged to a new record high, marking the latest milestone in a months-long rally fueled by financial investors anticipating imminent supply shortages.