M&A Deal Summary

Authentic Brands Group Acquires PVH - Heritage Brands Business

On June 23, 2021, Authentic Brands Group acquired apparel/textiles company PVH - Heritage Brands Business from PVH for 220M USD

Acquisition Highlights
  • This is Authentic Brands Group’s 13th transaction in the Apparel/Textiles sector.
  • This is Authentic Brands Group’s 4th largest (disclosed) transaction.
  • This is Authentic Brands Group’s 21st transaction in the United States.
  • This is Authentic Brands Group’s 8th transaction in New York.

M&A Deal Summary
Date 2021-06-23
Target PVH - Heritage Brands Business
Sector Apparel/Textiles
Buyer(s) Authentic Brands Group
Sellers(s) PVH
Deal Type Divestiture
Deal Value 220M USD

Target

PVH - Heritage Brands Business

New York, New York, United States
PVH Corp.'s Heritage Brands Business includes Izod, Van Heusen, and Arrow brands that are trusted style authorities known for their premium lifestyle offerings, which include sportswear, dress furnishings, denim, footwear, accessories, fragrance, home, and many other categories. Each brand infuses its unique DNA and legacy of elegance into products that represent best-in-class quality and style offered at an exceptional value.

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Buyer(S) 1

Buyer

Authentic Brands Group

New York, New York, United States

website

Category Company
Sector Consumer Products
DESCRIPTION

Authentic Brands Group is a brand development company which owns a major global portfolio of iconic fashion, sports and entertainment brands. ABG's mission is to acquire, manage and build long-term value of consumer brands through partnering with best-in-class licensees and retailers. Authentic Brands Group is based in New York City.

DEAL STATS #
Overall 24 of 29
Sector (Apparel/Textiles) 13 of 18
Type (Divestiture) 10 of 12
State (New York) 8 of 8
Country (United States) 21 of 24
Year (2021) 2 of 3
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-07 Eddie Bauer

Groveport, Ohio, United States

Eddie Bauer is a specialty retailer that sells outerwear, apparel and accessories for the active outdoor lifestyle. The Eddie Bauer brand is a nationally recognized brand that stands for high quality, innovation, style and customer service. Eddie Bauer was founded in 1920 and is based in Groveport, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-12 Reebok

Canton, Massachusetts, United States

Reebok is a producer of athletic shows and sports apparel. The Company was formed in 1895 and is based in Canton, Massachusetts.

Buy $2.5B

Seller(S) 1

SELLER

PVH

New York, New York, United States

website

Category Company
Founded 1881
Sector Apparel/Textiles
Employees20,000
Revenue 7.1B USD (2021)
DESCRIPTION

PVH is a manufacturer, marketer, licensor, and retailer of globally recognized apparel brands such as Calvin Klein, Tommy Hilfiger, Van Heusen, IZOD, Arrow, Speedo, Warner's, Olga, Geoffrey Beene, and True&Co. PVH was founded in 1881 and is based in New York, New York.

DEAL STATS #
Overall 3 of 3
Sector (Apparel/Textiles) 3 of 3
Type (Divestiture) 3 of 3
State (New York) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-09 PVH - Speedo North America Business

London, United Kingdom

PVH Corp.'s Speedo North America Business is a provider of performance swimwear brand in London, United Kingdom.

Sell -
Mergr

Product

Company

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