/PRNewswire/ Hilco Streambank is soliciting offers for the retail store banners, private label brands and associated domain names, utilized by Gordmans®,.
Dive Brief:
Authentic Brands Group is working with potential advisers on a possible initial public offering that could come this year, according to a Bloomberg report that cited anonymous sources.
The brand specialist is eyeing a valuation of around $10 billion, though plans aren t final and that price could change, Bloomberg reported. An Authentic Brands Group spokesperson did not immediately respond to Retail Dive s request for comment.
Authentic Brands is currently backed by the financial firms BlackRock, General Atlantic, Leonard Green & Partners and Lion Capital. The company, with over 30 brands in its stable, says it makes $10 billion a year in
retail sales of its names.