Divestiture • Apparel/Textiles

Authentic Brands Group Acquires The Frye Co.

On April 27, 2017, Authentic Brands Group acquired apparel/textiles company The Frye Co. from Global Brands Group

Acquisition Context
  • This is Authentic Brands Group’s 7th transaction in the Apparel/Textiles sector.
  • This is Authentic Brands Group’s 10th transaction in the United States.
  • This is Authentic Brands Group’s 4th transaction in New York.

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M&A Deal Summary

Date April 27, 2017
Target The Frye Co.
Sector Apparel/Textiles
Buyer(s) Authentic Brands Group
Sellers(s) Global Brands Group
Deal Type Divestiture

Target Company

The Frye Co.

New York, New York, United States
The Frye Co. is a designer, manufacturer and sells handcrafted leather boots, shoes, bags and accessories for men and women. The Frye Co. was established in 1863 and is based in New York.
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Buyer Overview 1

Buyer

Authentic Brands Group

New York, New York, United States

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, New York.


Deal Context for Buyer #
Overall 13 of 30
Sector: Apparel/Textiles 7 of 19
Type: Divestiture 6 of 12
State: New York 4 of 8
Country: United States 10 of 25
Year: 2017 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-15 Aeropostale

New York, New York, United States

Aeropostale, Inc. is a mall-based, specialty retailer of casual apparel and accessories, principally targeting 14 to 17 year-old women and men. Aéropostale provides customers with a focused selection of high-quality, active-oriented, fashion and fashion basic merchandise at compelling values.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-11 Neil Lane Jewelry

West Hollywood, California, United States

Neil Lane Jewelry is a jewelry manufacturer that designs and sells jewelry for men and women. Neil Lane Jewelry was established in 1989 and is based in West Hollywood, California.

Buy -

Seller Profile 1

SELLER

Global Brands Group

Hong Kong, China

Category Company
Founded 2005
Sector Apparel/Textiles
Employees1,415
Revenue 1.1B USD (2020)
DESCRIPTION

Global Brands Group is a major branded fashion accessories, footwear and apparel in Hongkong. Company have a broad portfolio of great brands such as Calvin Klein, Under Armour, Juicy Couture, Frye, Cole Haan, Quiksilver, Spyder and many more. Global Brands Group was founded in 2005 and is based in Hong Kong, China.


Deal Context for Seller #
Overall 1 of 3
Sector: Apparel/Textiles 1 of 3
Type: Divestiture 1 of 3
State: New York 1 of 1
Country: United States 1 of 2
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-22 TLG Brands

Farnborough, United Kingdom

TLG Brands, which holds the Fiorelli, NICA and Modalu fashion labels, is the UK's major supplier of affordable luxury handbags and accessories. TLG Brands has significantly grown market share in recent years and the brands themselves are sold throughout the UK in more than 500 independent retail outlets and leading department stores. Over the past three years, the Group has successfully launched Fiorelli, NICA and Modalu in a number of international markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-27 Global Brands Group Holding - North American Division

China

Global Brands Group Holding Ltd. - North American Division comprised of licensed brands such as Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger, BCBG, bebe, Joe’s, Buffalo David Bitton, Frye, Michael Kors, Cole Haan and Kenneth Cole.

Sell $1.4B