Aeropostale-owner Authentic Brands withdraws IPO plans, Retail News, ET Retail
The business did not give a cause for shelving its listing. But in November, the operator of the Forever 21 brand name agreed to sell a stake to private equity firms CVC Funds Partners and HPS Investment Associates in a offer that valued it at $12.7 billion like debt.
Reliable Brand names owns in excess of 30 brands which includes, Aeropostale, Van Heusen, and Bandolino with a retail portfolio which spans the luxurious, specialty, department retail store, mid-tier, mass and e-commerce channels.
Previously this 7 days, the business acquired a greater part stake in former soccer participant David Beckham’s brand name-management enterprise, DB Ventures LLC, according to media reports.
Previous July, Reliable Brand names had submitted to go general public, intending to list on the New York Inventory Trade, revealing a strong bounce in earnings in 2020.