Authentic Brands Group news and archive

Authentic names new SVP of Reebok amid expansion plans

Reebok has a new senior vice president. The sportswear giant’s parent company, Authentic Brands Group, has appointed Daniel Schachne to the leadership position. Upon taking up the title, Schachne has been tasked with leading Reebok’s global growth strategy, working alongside licensing partners, retailers and brand ambassadors while the brand...

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Reebok opens European HQ in London, names regional CEO

US sportswear giant Reebok has appointed a new chief executive officer for its European business upon opening a London-based headquarters dedicated to the region. Marc Le Roux has been named CEO of Reebok Europe, a role he will take over from Steve Robaire, who had been serving in an interim capacity. Le Roux’s experience in the industry...

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Authentic Brands Group taps L’Oréal veteran to helm Mexico team

US fashion conglomerate Authentic Brands Group has named Victor Alvarino as its new senior vice president, head of Mexico. The executive confirmed his appointment via LinkedIn. Alvarino has already been with Authentic since September last year, having initially served as director of Mexico while also holding the title of senior vice president....

Fashion |In Pictures

Ted Baker launching activewear in November

British brand Ted Baker, part of the Authentic Brands Group portfolio, is launching into activewear, as it continues its evolution into a full lifestyle brand. Ted Baker Sport will launch on November 13 across the UK and Western Europe, offering performance activewear for men and women targeting yoga, training and tennis, as well as wear beyond...

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Reebok International reports strong financial performance in 2024

Reebok International Limited and its subsidiary RILUK IPCO Limited, reported a strong financial performance for the year ended December 31, 2024. Group profit after taxation increased to 179.9 million dollars, up from 163.6 million dollars in 2023 and revenue increased to 302.4 million dollars. This profit surge was driven by the expansion of...

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Brand Beckham announces record sales and profits

DRJB Holdings, the umbrella company for David Beckham’s business activities, which includes fashion and commercial partnerships with Hugo Boss, Adidas, and Safilo Eyewear, and beauty company Coty, reported a double-digit profit rise in 2024. In a statement, Beckham’s company reported consolidated net profit was up 24 percent to 35.1 million...

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Forever 21 names new US partners to drive growth and wholesale expansion

Authentic Brands Group (Authentic), the global brand development and licensing platform, has announced a new partner network for Forever 21 in the US, as it looks to transform the fashion retailer into a digital-first, consumer-led brand. The new strategic partnership network aims to usher in a “new chapter” for Forever 21 by driving digital...

Retail

Forever 21 plots fourth re-entry into China, plans physical stores

Forever 21, a fast fashion retailer that filed for bankruptcy in the US, is making its fourth attempt at entering the Chinese market. Parent company Authentic Brands Group has reportedly partnered with local operator Chengdi to roll the brand out in the region. The news was shared at a press day and reported on by multiple news platforms,...

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Authentic Brands Group to acquire intellectual property rights of Guess

The US fashion and media group Authentic Brands Group LLC has acquired another prominent fashion brand. On Wednesday, the company announced it had signed a binding agreement to assume control of Guess’s intellectual property rights. The acquisition is "another important milestone" for Authentic, the group stated. With global annual brand...

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ABG refutes claims of selling Reebok to Anta Sports

Authentic Brands Group (ABG) has dismissed rumours of a potential sale of its Reebok brand to the Chinese company Anta Sports. According to an internal memo obtained by Footwear News, ABG has no intentions of divesting the brand. The memo states, “Authentic has no plans to divest Reebok - not now, not ever,” and affirms the company's commitment...

Retail

Ted Baker reportedly eyeing return to UK high streets

Following its descent into administration in 2024, British retailer Ted Baker is reportedly set to return to UK high streets next year. After relaunching its website in the region back in November, the brand is now said to be eyeing a store opening in London, planned for early 2026, according to The Sun. The media outlet said no further details...

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Authentic Brands & WHP Global reportedly bid for Lands' End

Brand management firms WHP Global and Authentic Brands Group have reportedly placed separate bids to acquire American apparel retailer Lands' End this week, according to a report from Reuters. The news comes three months after Lands' End Board of Directors indicated that it was exploring "strategic alternatives" for the future of the brand,...