Headlines

ABG Acquires Nautica

VF Corp. sells brand to Authentic Brands Group

Published

6 years ago

March 20, 2018

kmpeyton

This past weekend, Authentic Brands Group (New York) made official a deal to acquire Nautica (New York) from VF Corp. (Greensboro, N.C.). The terms of the acquisition – set to close in the second quarter – were not disclosed.

The purchase sets ABG’s brand portfolio at a reported $7 billion in annual global sales, with Nautica being its largest brand acquisition to date, according to Women’s Wear Daily. ABG has recruited operating company Aero Opco to run Nautica’s U.S. retail stores and wholesale business, a new model for ABG that essentially makes ABG Nautica’s licensee.

ABG also plans to expand Nautica’s product categories and worldwide presence and plans to do so by forming long-term retail partnerships, according to the company’s CEO Jamie Salter.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design