Kontoor to sell Lee denim brand to Authentic Brands in up to $1 billion deal
May 21 (Reuters) - Kontoor Brands said on Thursday it had agreed to sell its Lee denim brand for up to $1 billion to Authentic Brands Group, as the apparel maker streamlines its operations and focuses ...
Authentic Brands Group to acquire Lee in a deal valued at up to $1 billion
The new owner will transition the brand to a licensed model when the deal closes in the second half.
Kontoor Brands to sell Lee to Authentic Brands Group in deal that could reach $1B
Kontoor Brands of Greensboro announced this morning that it has signed a definitive agreement to sell its Lee business to ...
Seeking Alpha
Kontoor Brands sells its iconic Lee denim brand for up to $1B
Kontoor Brands (KTB) announced on Thursday that it struck a deal to sell the Lee business to Authentic Brands Group for up to $1B, including an initial transaction value of $750M and a $250M earnout ...
MLive
Beloved 114-year-old denim company sold in deal worth up to $1 billion
Denim maker Lee has been sold in a deal worth up to $1 billion after its current owner decided it no longer wanted to invest in the brand. On Thursday, the Authentic Brands Group announced it planned ...
Morningstar
Kontoor Brands Enters Into Definitive Agreement to Sell Lee® Business to Authentic Brands Group
Kontoor Brands, Inc. (NYSE: KTB) today announced it has signed a definitive agreement to sell the Lee® business to Authentic Brands Group (Authentic) for up to $1 billion, including an initial ...
Kontoor Brands Sells Lee Business to Authentic Brands
Detailed price information for Kontoor Brands Inc (KTB-N) from The Globe and Mail including charting and trades.
Greensboro-based Kontoor Brands to sell Lee for $1B
Sale to Authentic Brands Group is set to close later this year. A local OKC restaurant had some fun at the Spurs' expense ahead of Game 7 of the Western Conference finals.