ABG news and archive

Safilo signs perpetual license agreement with David Beckham brand

Safilo Group, the Italian eyewear giant, has entered a perpetual license agreement with Authentic Brands Group for David Beckham Eyewear, replacing the previous contract set to expire in 2030. Under this new deal, Safilo will retain control over the entire value chain, from design to global distribution, with David Beckham leading the creative...

ManagementFeatured

Vince Holding Corp posts drop in Q4 sales as losses widen

US fashion group Vince Holding Corp has reported a 7.8 percent drop in sales in the fourth quarter as its losses widened. It comes the same day Authentic Brands Group (ABG) announced it entered into a definitive agreement to acquire the intellectual property of the Vince brand. Vince Holding Corp said Monday it made sales of 91.3 million dollars...

People

Ted Baker's Chief Customer Officer has stepped down

Ted Baker has parted ways with Jason Beckley, the brand’s Chief Customer Officer. After just one year in the role, Mr Beckley joined the company in January 2022, his departure comes as the acquisition by Authentic Brands Group (ABG) nears completion. In October last year ABG acquired Ted Baker for 211 million pounds, with operational management...

Business

Peerless Clothing takes on design and distribution of Hickey Freeman tailoring

Authentic Brands Group (ABG) has announced a new partnership with Peerless Clothing that will see the firm take on the design, manufacturing and distribution of Hickey Freeman tailored clothing in the US, Canada and Mexico. Through the long-term agreement, ABG said it would support Peerless’ goal to reinforce the brand’s “elevated position” in...

ManagementFeatured

Authentic Brands Group appoints new Reebok CEO

Authentic Brands Group (ABG) has tapped Todd Krinsky as the new CEO of Reebok after acquiring the brand earlier this year. A Reebok veteran, Krinsky joined the US sportswear label in 1992 as an intern before working his way up the ranks to be appointed this year as vice president of the Reebok Design Group, where he oversaw product management...

Business

ABG strikes partnership deals for Frye, Tretorn and Volcom

Authentic Brands Group (ABG) has announced two new deals regarding its brands Frye, Tretorn and Volcom, putting the labels on course for US and Canada expansions. Its first partnership builds on its relationship with NYC Alliance and has granted the apparel company the rights to design, produce and distribute men’s and women’s sportswear for...

Business|Opinion

Ted Baker sale: Will new owner Authentic Brands Group be a 'good custodian'?

Foreign ownership of a domestic brand invariably comes with mixed sentiment, even if the sale of that brand means it will have a better parent. Back in April Ted Baker put itself up for sale after rejecting several bids, including from the group that owns Kurt Geiger and Nine West. Trading suffered after Ted Baker’s ‘forced hugs’ scandal, which...

Business

Authentic Brands Group dismisses lawsuit against Bolt

Brand development company Authentic Brands Group (ABG) has settled and agreed to dismiss its lawsuit against checkout tech start-up Bolt, with both parties agreeing to continue their ongoing partnership. As part of the dismissal, Bolt, which already provides its services to ABG-owned brands Forever 21 and Lucky Brand, said it will evaluate the...

ManagementFeatured

Authentic Brands Group reportedly frontrunner in Ted Baker takeover

Reebok-owner Authentic Brands Group (ABG) is reportedly the frontrunner in the race to snap up British brand Ted Baker. ABG is being advised by Bank of America over a 300 million pound deal for the company, Sky News reports, citing unnamed sources. The US group, whose portfolio also includes Forever 21 and David Beckham’s DB Ventures, is...

Report

ABG taps Steve Robaire as EVP of Reebok International

Authentic Brands Group (ABG) has tapped Reebok veteran Steve Robaire as the sportswear brand’s first executive vice president of its international business. Robaire has almost 15 years of experience in brand licensing, sales and marketing. He spent the most part of his career at Reebok, joining in 2008 as associate product manager and working...

Business

Authentic Brands Group suspends retail and e-commerce in Russia

Authentic Brands Group (ABG) has announced the suspension of its retail and e-commerce operations in Russia in light of its ongoing attack on Ukraine. In a statement, the company said it had been working over several weeks with its partners to suspend its branded operations in the region. It added: “In some cases, partner operations were...

Business

ABG welcomes David Beckham to portfolio, plans to grow brand

Closely following the announcement of its partnership with New Guards Group, Authentic Brands Group (ABG) has revealed another big name set to join its portfolio: David Beckham. The global brand development company has announced it will be entering into a strategic partnership with the footballer-turned-entrepreneur “to build the future of the...