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Authentic Brands Officially Withdraws IPO

Retail brand owner sold stake to private equity last fall




Forever 21 parent company Authentic Brands Group (New York) has officially withdrawn plans for an IPO, according to a filing with the U.S. Securities and Exchange Comission, reports Business of Fashion.

Though ABG did not provide a reason for the withdrawal, it recently sold a stake to two private equity firms – CVC Capital Partners and HPS Investment Partners – in a $12.7 billion deal in November.

Among the retail brands owned by Authentic Brands include Aeropostale, Van Heusen and Bandolino. Earlier this week, the company purchased a majority stake in David Beckham’s DB Ventures LLC.

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.



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