Business news : Authentic Brands Group Co-Invests to Acquire Three Fashion Brands

Authentic Brands Group, which owns the sports brands Prince, Tapout, Sportcraft and Silver Star, co-invested with Waitt Company to acquire Judith Leiber, Adrienne Vittadini and Taryn Rose.

Authentic Brands Group is a brand development and licensing company that acquired these brands from Schottenstein Luxury Group for an undisclosed sum.

Judith Leiber is an international luxury brand synonymous with elegance, style and sophistication. The Judith Leiber business was established in 1963 and is best known for its exclusive handbags.

Founded in 1979, Adrienne Vittadini is a premier brand of clothing, handbags, swimsuits, shoes, eyewear, and perfumes that are sold in such department stores as Neiman Marcus and Macy's.

Founded in 1998, Taryn Rose offers comfortable fashion-forward footwear for women. Taryn Rose shoes are available at Neiman Marcus, Bloomingdales, Nordstrom and Macy's.

"We are very pleased to have acquired these exceptional brands and to have Waitt Company as our partner," said Jamie Salter, CEO of Authentic Brands Group. "I got to know Dana Bradford and the Waitt organization through the acquisition of Prince, and I am thrilled to have them as a partner in this investment."

"We are committed to finding opportunities to invest in companies in partnership with proven management teams. Jamie and his team have a terrific track record of creating enterprise value through the expansion of brand value, and we are delighted to be partnered with them on this opportunity," said Dana Bradford, CEO of Waitt Company.

Authentic Brands Group also owns Hickey Freeman, Hart Schaffner Marx, Misook, Christopher Blue, Palm Beach and Marilyn Monroe.

Source Authentic Brands Group through SportsOneSource, Picture credit WWD


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