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.
Hilco-streambank
David-peress
David-simon
Jamie-salter
Eddie-bauer
Bloomberg
Reebok
Simon-property-group
Blackrock
Brooks-brothers
Authentic-brands-group
Dive-brief
The Globe and Mail NEW YORK Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account
Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer
Paul Chiasson/The Canadian Press
A U.S. advisory firm is hoping that Canadian clothing retailer Le Chateau Inc. will rise from the ashes of insolvency.
Hilco Streambank says Le Chateau’s e-commerce platform, brand assets and some locations are available for purchase through the Companies’ Creditors Arrangement Act proceedings.
Expressions of interest are due April 7 with the sale being subject to approval by the Quebec Superior Court.
Montreal
Quebec
Canada
Canadian
Hilco-streambank
David-peress
Paul-chiasson
Quebec-superior-court
Companie-creditors-arrangement-act
Quebec-superior
Le-chateau