Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

BlackRock LTPC Makes Strategic Investment in Authentic Brands Group

Posted by fidest press agency su mercoledì, 14 agosto 2019

BlackRock, Inc. announced today that entities affiliated with its Long Term Private Capital (LTPC) strategy have made a strategic investment in Authentic Brands Group (ABG), owner of a portfolio of iconic and world-renowned brands. LTPC will become the largest investor in ABG and will work closely alongside its management, led by founder, Chairman and CEO James Salter and President and CMO Nick Woodhouse. LTPC joins existing ABG investors including founding investor Leonard Green & Partners, General Atlantic, Lion Capital, Simon Property Group, Brookfield Properties’ retail group and Shaquille O’Neal.ABG has experienced significant growth since it was founded in 2010 and is now a world-leading brand development, marketing and entertainment company. The Company’s portfolio of over 50 brands generates close to USD $10 billion in annual worldwide revenue in more than 70 countries. ABG’s portfolio spans the luxury, specialty and mid-tier retail channels in both e-commerce and brick and mortar, and is diversified across the lifestyle, sports, celebrity, entertainment and media sectors. The ABG portfolio includes brands such as Marilyn Monroe, Elvis Presley, Muhammad Ali, Shaquille O’Neal, Greg Norman, Thalia Sodi, Neil Lane, Nautica, Aéropostale, Vince Camuto, Nine West, Juicy Couture, Frye, Spyder, Prince and Judith Lieber. ABG’s recent acquisition of Sports Illustrated, one of the most respected names in sports media, highlights the Company’s ability to expand a cultural centerpiece across digital, TV and social platforms and represents their increasing desire to converge content and commerce.“The strategic investment by LTPC is a testament to the success we have had building a leading platform for the ownership and development of brand and media content,” said Jamie Salter, Chairman and CEO at ABG. “We believe BlackRock’s scale, global footprint and digital capabilities will enable us to build out our organization and continue our domestic and international growth trajectory. This investment marks an important and exciting next phase of expansion for ABG.”

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