Authentic Brands files for IPO amid acquisition spree

Retail brand management firm looks to build on its busy 2020

National /
Jul.July 07, 2021 09:35 AM
Authentic Brands CEO Jamie Salter (Getty)

Authentic Brands CEO Jamie Salter (Getty)

As malls struggle to recover from their pandemic blues, one of their biggest tenants is looking to strike gold on Wall Street.

Authentic Brands, the owner of retail mainstays such as Forever 21 and Brooks Brothers, filed for an IPO on Tuesday, according to Bloomberg News. The company gave a temporary listing size of $100 million, though Bloomberg estimates it could be worth roughly $10 billion.

Authentic had a frenzied 2020, collaborating with retail giant Simon Group to acquire faltering brands including Aéropostale, Nautica, and JCPenney. Fueling its spending blitz, the company raised $600 million from investors such as BlackRock, General Atlantic and Leonard Green & Partners, and its net income reached $225 million.

[Bloomberg News] — Joe Lovinger





    Related Articles

    arrow_forward_ios
    Birch Group President Mark Meisner and 101 Hudson Street in Jersey City, NJ (The Birch Group, Google Maps)
    Birch Group paying $380M for large Jersey City office
    Birch Group paying $380M for large Jersey City office
    Main-MainImage_.psd FT-Thumbnail_.psd
    Blackstone to net $4B profit in sale of Vegas casino
    Blackstone to net $4B profit in sale of Vegas casino
    Oxford lands $1.4B CMBS financing for $2.2B KKR industrial portfolio purchase
    Oxford lands $1.4B CMBS financing for $2.2B KKR industrial portfolio purchase
    Oxford lands $1.4B CMBS financing for $2.2B KKR industrial portfolio purchase
    290 Motor Parkway, the office of Flexible Business Systems (Getty, Google Maps)
    Long Island IT company wants to build ice rink for employees
    Long Island IT company wants to build ice rink for employees
    NJ construction official accused of siphoning funds from developers’ account
    NJ construction official accused of siphoning funds from developers’ account
    NJ construction official accused of siphoning funds from developers’ account
    NYC City Council passes bill forcing hotels to dish out severance pay
    NYC City Council passes bill forcing hotels to dish out severance pay
    NYC City Council passes bill forcing hotels to dish out severance pay
    Vorea, Domain and L+M close on $88M LIC development site
    Vorea, Domain and L+M close on $88M LIC development site
    Vorea, Domain and L+M close on $88M LIC development site
    Condor Hospitality CEO J. William Blackham and Blackstone CEO Stephen Schwarzman (Condor, Getty)
    Condor Hospitality selling hotels to Blackstone for $305M
    Condor Hospitality selling hotels to Blackstone for $305M
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...