Done Deal: Nine West has new owner
Authentic Brands Group has expanded its brand portfolio.
The brand management company announced it has completed its acquisition of Nine West and Bandolino from Nine West Holdings. The acquisition increases ABG’s footwear and accessories business to more than $2 billion in global retail sales, and brings the company’s total brand portfolio to nearly $8 billion in global retail sales.
As part of the acquisition, ABG assumes all licensing partnerships and marketing activities for the Nine West and Bandolino brands. It has appointed Marc Fisher Footwear to operate the footwear businesses and Signal Products to operate the handbag and small leather goods businesses.
The company said its initial focus for Nine West and Bandolino will be on developing near-term and long-term strategies that reinforce the brands’ fashion positioning in key markets around the world. It will also accelerate the acquired brands’ ongoing expansion into new territories and categories including sportswear, outerwear, swimwear, intimates, fragrance, sleepwear, and home.
ABG has some 33 brands in its portfolio, including Nautica, Judith Lieber, Aéropostale, Juicy Couture, Jones New York, Frederick's of Hollywood, Frye, Hickey Freeman, Hart Schaffner Marx and Tretorn. Its global footprint includes more than 50,000 points of sale and more than 4,381 branded freestanding stores and shop-in-shops.
“From the moment ABG won the bid for Nine West and Bandolino we received an outpouring of interest from retailers, distributors, and new licensing partners,” said Jamie Salter, chairman & CEO of ABG. “Now that the acquisition has been formalized, we are kicking the brands’ growth strategies into high gear.”
The brand management company announced it has completed its acquisition of Nine West and Bandolino from Nine West Holdings. The acquisition increases ABG’s footwear and accessories business to more than $2 billion in global retail sales, and brings the company’s total brand portfolio to nearly $8 billion in global retail sales.
As part of the acquisition, ABG assumes all licensing partnerships and marketing activities for the Nine West and Bandolino brands. It has appointed Marc Fisher Footwear to operate the footwear businesses and Signal Products to operate the handbag and small leather goods businesses.
The company said its initial focus for Nine West and Bandolino will be on developing near-term and long-term strategies that reinforce the brands’ fashion positioning in key markets around the world. It will also accelerate the acquired brands’ ongoing expansion into new territories and categories including sportswear, outerwear, swimwear, intimates, fragrance, sleepwear, and home.
ABG has some 33 brands in its portfolio, including Nautica, Judith Lieber, Aéropostale, Juicy Couture, Jones New York, Frederick's of Hollywood, Frye, Hickey Freeman, Hart Schaffner Marx and Tretorn. Its global footprint includes more than 50,000 points of sale and more than 4,381 branded freestanding stores and shop-in-shops.
“From the moment ABG won the bid for Nine West and Bandolino we received an outpouring of interest from retailers, distributors, and new licensing partners,” said Jamie Salter, chairman & CEO of ABG. “Now that the acquisition has been formalized, we are kicking the brands’ growth strategies into high gear.”