Authentic Brands Group History
Earlier company descriptions, brand line-ups, store counts and photographs from the history of Authentic Brands Group, kept for historical reference.
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The Company Description of Its Time
Authentic Brands Group LLC is an American brand development and licensing company based out of New York, NY. In conjunction with Leonard Green & Partners, ABG acquires, manages and builds value in consumer brands. ABG owns such consumer brands as Juicy Couture, Jones New York, Elvis Presley, Muhammad Ali, Marilyn Monroe, Michael Jackson, Prince Tennis, Tapout, Hickey Freeman, Judith Leiber and several others. The fuller description in the original calls it a brand development, marketing and entertainment company which owns a global portfolio of lifestyle, sports, and celebrity and entertainment brands, headquartered in New York City.
The Acquisition Record, As Recorded
Two of ABG's first major purchases were the clothing brands Silver Star and Tapout. In January 2011, Authentic Brands Group acquired rights to the likeness of Marilyn Monroe. In 2012, Hartmarx (HMX) sold most of its assets to Authentic Brands Group for an undisclosed price following Chapter 11 bankruptcy proceedings. On October 7, 2013, ABG announced the purchase of Juicy Couture from Fifth & Pacific for $195 million; the following month, ABG acquired the estate of Muhammad Ali, and CORE Media Group's 85% stake in Elvis Presley Enterprises, including the estate of Elvis Presley, likeness rights, and music publishing assets.
In September 2016, Julius Erving sold his name and licensing rights to ABG, and Aéropostale was purchased out of bankruptcy by a consortium that included ABG and other investors - a purchase that connects this profile directly to the Aéropostale filing in this same letter, whose 2023 summary names SPARC Group as operator. On May 27, 2019, ABG announced its acquisition of sports magazine Sports Illustrated from Meredith Corporation for $110 million. And after Barneys New York filed for Chapter 11 in August 2019 and closed 15 of its 22 stores, Authentic Brands Group took control of the Barneys brand name following its November 2019 sale, to license it to Saks Fifth Avenue - the record's last entry, preserved as recorded.
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