The company, which purchased Reebok from Adidas in 2021, has given no firm reason for the cancellation of the IPO.

In November 2021, Authentic Brands had agreed to sell a stake to private equity firms CVC Capital Partners and HPS Investment Partners in a deal valued at US$12.7 billion including debt.

The group owns more than 30 brands including Forever 21, Aeropostale, Van Heusen and Bandolino with a retail portfolio spanning across luxury, specialty, department store, mid-tier, mass and e-commerce segments.

Source: Reuters