U.S. News & World Report
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 ...
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 ...
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 ...
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 ...
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 ...
WFMY News2
Kontoor Brands agrees to sell Lee to Authentic Brands Group in $1 billion deal
GREENSBORO, N.C. — The Greensboro-based Kontoor Brands, Inc. announced the sale of Lee to Authentic Brands Group in a $1 billion deal on Thursday, May 21. The total cost comes from a $750 million ...
Wall Street Journal
Kontoor Brands to Sell Lee Business to Authentic Brands for Up to $1 Billion
Kontoor Brands KTB-2.68%decrease; red down pointing triangle agreed to sell its Lee denim and casual apparel business to Authentic Brands in a deal that could eventually be worth $1 billion. The sale ...