Owner of JCPenney, Forever 21 and Brooks Brothers plans to go public
NY Post
The licensing firm that owns a slew of aging, iconic commercial brands including JCPenney, Forever 21, Sports Illustrated and Marilyn Monroe plans to become a publicly traded company.
Authentic Brands Group — a fast-growing, 11-year-old firm based in New York whose deal-hungry chief executive Jamie Salter also has lately added luxury labels including Barneys and Brooks Brothers — filed a preliminary prospectus with the Securities and Exchange Commission on Tuesday. ABG’s growth has soared in the last five years, when it bought 19 of its 30 brands, according to the filing. The company said its 30 brands generated $225 million in net income in 2020 on revenues of $498 million.More Related News