Special Situations/Distressed • Apparel/Textiles

Authentic Brands Group Acquires Forever 21

On February 3, 2020, Authentic Brands Group acquired apparel/textiles company Forever 21 for 81M USD

Acquisition Context
  • This is Authentic Brands Group’s 11th transaction in the Apparel/Textiles sector.
  • This is Authentic Brands Group’s 7th largest (disclosed) transaction.
  • This is Authentic Brands Group’s 18th transaction in the United States.
  • This is Authentic Brands Group’s 4th transaction in California.

Explore All 40 Special Situations/Distressed Apparel/Textiles Deals - Search the Database Free


M&A Deal Summary

Date February 3, 2020
Target Forever 21
Sector Apparel/Textiles
Buyer(s) Authentic Brands Group
Deal Type Special Situations/Distressed
Deal Value 81M USD

Target Company

Forever 21

Los Angeles, California, United States
Forever 21, Inc. owns and operates apparel stores for men, women, and girls in the United States and internationally.
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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 21 of 30
Sector: Apparel/Textiles 11 of 19
Type: Special Situations/Distressed 4 of 6
State: California 4 of 6
Country: United States 18 of 25
Year: 2020 1 of 2
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-25 Barneys New York

New York, New York, United States

Barneys New York, Inc. is a luxury specialty retailer provides women’s and men’s ready-to-wear, accessories, shoes, jewelry, cosmetics, fragrances, and gifts for the home. Barneys New York was founded in 1923 and is based in New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-14 Lucky Brand

Los Angeles, California, United States

Lucky Brand is a fashion designer and manufacturer of premium denim in North America. Vintage-inspired jeans, broken-in graphic tees, classic leather motorcycle jackets, and bohemian styles all capture the laidback vibes and authenticity of Lucky. Lucky currently has over 230 locations in North America and is sold in select department stores and independent boutique retail locations. The company also interacts with customers and offers its products through its own direct-to-consumer website. Lucky Brand was formed in 1990 and is based in Los Angeles, California.

Buy $140M