Authentic Brands withdraws IPO plans

United States
Published:  10 January, 2022
Credit: Reebok

Authentic Brands Group has withdrawn its plans for an initial public offering (IPO) in the United States.

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