Authentic Brands Eyeing Possible IPO
May 25, 2021
Authentic Brands Group LLC, the owner of brands such as Brooks Brothers, Juicy Couture and Forever 21, is exploring going public as soon as this year, according to people with knowledge of the matter. The New York-based company has held discussions with potential advisers about an initial public offering, the people said, asking not to be identified because the information is private. The company could seek a valuation of about $10 billion when it goes public, the people said. Its plans aren’t final and the size and valuation of the deal could still change, the people said. The company was valued at more than $4 billion, including debt, in an $875 million investment by BlackRock Inc. in 2019. Read more at Bloomberg.
