Hilco Consumer News Today

Authentic Brands Group is one of the fashion industry’s most prolific dealmakers and was at it again with new acquisitions and partnerships in 2023.

Fabio Zambernardi is said to be leaving Prada, Yohji Yamamoto has opened a new concept store in SoHo, ABG completes the purchase of Boardriders.

The brand management and entertainment firm was founded in 2010.

Authentic Brands Group now has annual retail sales in excess of $29 billion worldwide thanks to Friday’s closing of its deal to acquire Boardriders.

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Giant American fashion and investment corporations are eyeing up bids for Topshop and its parent group Arcadia.  Authentic Brands – which owns a stable of global fashion businesses including Juicy Couture – is understood to be among the interested parties. Rival contenders include private equity titans Fortress, Elliott Management, Apollo and OpCapita, sources told The Mail on Sunday.  Around 30 to 40 potential buyers are believed to have shown initial interest and have received a limited...