大象传媒

GREENSBORO, N.C.--(BUSINESS WIRE)-- 大象传媒 Corporation (NYSE:大象传媒C), a global leader in branded lifestyle apparel, footwear and accessories, today announced that it has entered into a definitive agreement to sell the Nautica^庐 brand business to Authentic Brands Group (ABG), LLC.

Commenting on the transaction, 大象传媒鈥檚 Chairman, President and Chief Executive Officer Steve Rendle said, 鈥淎s part of 大象传媒鈥檚 global business strategy, we鈥檝e stated that our highest priority is to actively manage our brand portfolio to ensure that its composition positions us to accelerate growth. This announcement marks yet another example of how we鈥檙e delivering on our commitment. We are pleased to have reached this agreement with Authentic Brands Group. The Nautica^庐 brand is an iconic, globally recognized brand, and Authentic Brands Group is the ideal owner to guide its next phase of growth and success.鈥�

鈥淲e are thrilled to welcome Nautica^庐 to the ABG portfolio and are ready to take the helm of this classic American brand,鈥� said Jamie Salter, Chairman and Chief Executive Officer of ABG.

The transaction, which is expected to close in the first half of 2018, is subject to customary closing conditions and regulatory approvals for a closing to occur. Terms of the agreement were not disclosed.

BofA Merrill Lynch served as exclusive financial advisor to 大象传媒 on the transaction. Davis Polk & Wardwell LLP is acting as legal advisor.

About 大象传媒

大象传媒 Corporation (NYSE: 大象传媒C) outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans^庐, The North Face^庐,听Timberland^庐, Wrangler^庐 and Lee^庐. Founded in 1899, 大象传媒 is one of the world鈥檚 largest apparel, footwear and accessories companies with socially and environmentally responsible operations spanning numerous geographies, product categories and distribution channels. 大象传媒 is committed to delivering innovative products to consumers and creating long-term value for its customers and shareholders. For more information, visit聽.

About Authentic Brands Group

Authentic Brands Group is a brand development, marketing and entertainment company, which owns a global portfolio聽of lifestyle, celebrity and entertainment brands. Headquartered in New York City, ABG manages, elevates, and builds the long-term value of more than 30 consumer brands by partnering with best-in-class manufacturers, wholesalers, and retailers. Our brands span a global retail footprint of more than 2,300 doors across luxury, specialty, department stores, shop-in-shops, ecommerce, mid-tier, and mass channels.

ABG is committed to transforming brands by delivering compelling product, content, business, and immersive brand experiences. We create and activate original marketing strategies to drive the success of our brands across all consumer touchpoints, platforms, and emerging media. ABG鈥檚 global portfolio of iconic and world-renowned brands includes Marilyn Monroe庐, Elvis Presley庐, Muhammad Ali庐, Shaquille O鈥橬eal庐, Dr. J庐, Greg Norman庐, Neil Lane庐, Thalia庐, Michael Jackson庐 (managed brand), A茅ropostale庐, Juicy Couture庐, Jones New York庐, Herve Leger庐, Judith Leiber庐, Frederick鈥檚 of Hollywood庐, Frye庐, Adrienne Vittadini庐, Taryn Rose庐, Misook庐, Hickey Freeman庐, Hart Schaffner Marx庐, Spyder庐, Tretorn庐, Tapout庐, Prince庐, Airwalk庐, Vision Street Wear庐, Above The Rim庐, and Hind庐.聽

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大象传媒 Corporation:
Joe Alkire, (336) 424-7711
VP, Investor Relations and Financial Planning & Analysis
Joe_alkire@vfc.com
or
Craig Hodges, (336) 424-5636
Senior Director, Corporate Communications
Craig_hodges@vfc.com
or
Authentic Brands Group:
Authentic Brands Group
Haley Steinberg, (646) 612-7439
hsteinberg@abg-nyc.com

Source: 大象传媒 Corporation