ABG acquires majority stake in Frye

Authentic Brands Group, LLC has announced the acquisition of a 51 percent stake in Frye from Global Brands Group Holding Limited. This is the first time ABG and Global Brands will co-own a brand. The two companies have had a long history of collaborating on the development of fashion lifestyle categories and retail strategies for ABG-owned brands including Juicy Couture, Jones New York and Spyder. This acquisition, along with the purchase of the Greg Norman brand earlier this year, propels ABG’s portfolio to over 5 billion dollars in global retail sales.