Authentic Brands Group (Authentic), a global brand and entertainment platform, today announced a definitive agreement to acquire Lee, one of the most recognized and enduring names in global denim, ...

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 ...

The new owner will transition the brand to a licensed model when the deal closes in the second half.

Currently, Lee generates approximately $1.5 billion in annual retail-equivalent sales across 73 countries, with nearly 40 percent coming from outside the US and Canada. At the deal’s closing, ...

The deal involves an initial $750 million payment, along with a potential $250 million payment based on the brand's performance.

Kontoor Brands of Greensboro announced this morning that it has signed a definitive agreement to sell its Lee business to ...

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, 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 ...

Detailed price information for Kontoor Brands Inc (KTB-N) from The Globe and Mail including charting and trades.