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Aeropostale, Forever 21 Owner Authentic Brands Exploring IPO (2024)

Aeropostale, Forever 21 Owner Authentic Brands Exploring IPO (1)The owner of several retail brands and a licensing business could hit the public markets with a $10 billion IPO being explored for 2021.

Authentic Brands is the ownerofAeropostale, Brooks Brothers, Juicy Couture, Forever 21, Barneys New York, Airwalk, Frederick’s of Hollywood, Lucky Brand, Nautica, Sports Illustrated, and Tapout.

The company also owns the licensing business for celebrities such asElvis Presley, Muhammad Ali, and Marilyn Monroe.

An IPO could value the company at $10 billion according toBloomberg.BlackRock is among the investors in Authentic Brands.

Partnerships

Over the past several years, Authentic Brands has scooped up brandson the verge of bankruptcy.

Authentic Brands partnered with several mall landlords to buy Aeropostale and other brands.

The company hasa joint venture withSimon Property Group called SPARC LLC, which has annual sales of $8.6 billion. SPARC LLC owns Aeropostale, Brooks Brothers, Forever 21, Lucky Brand, and Nautica. It recently announced a deal toacquireEddie Bauer.

Brookfield Property Partners had partnered with Authentic Brands in the acquisition of Forever 21 but has since swapped its stake for equity in Authentic Brands.

Why It’s Important

Authentic Brands has a portfolio of more than30 brands and has annual retail sales of more than $10 billion.

The company has more than 700 partners and 5,950 retail stores for its owned brands.

Authentic Brands scooped up many struggling brick and mortar retail companies and hasput an emphasis on growing e-commerce sales and improving the physical retail footprint.

The company’s joint venture with Simon Property helped with potential struggles at many of the top malls in the country.

Authentic Brands could be a reopening stock play for investors and a play on the shift from physical to e-commerce through omnichannel strategies.

Thisstoryoriginally appeared on Benzinga. © 2021 Benzinga.com.

Benzinga does not provide investment advice. All rights reserved.

Filed Under: Corporate Finance

Aeropostale, Forever 21 Owner Authentic Brands Exploring IPO (2024)

FAQs

Aeropostale, Forever 21 Owner Authentic Brands Exploring IPO? ›

The owner of several retail brands and a licensing business could hit the public markets with a $10 billion IPO being explored for 2021.

What brands are owned by Aéropostale? ›

SPARC Group LLC (“SPARC Group”) is a fashion industry leader that designs, sources, manufactures, distributes and markets women's, men's and kids apparel and accessories in key markets worldwide for iconic brands including Aéropostale, Brooks Brothers, Eddie Bauer, Forever 21, Lucky Brand and Nautica.

Who bought out Aéropostale? ›

Authentic Brands Group, General Growth Properties and Simon Property Group have finalized the acquisition of apparel and accessories brand Aéropostale.

What ever happened to Aéropostale? ›

In 2016, the company filed for bankruptcy and closed over 100 stores after falling out of favor with teenage consumers. Today, Aéropostale has close to 500 locations across the US and over 4 million followers on Instagram.

Are Shein and Forever 21 the same company? ›

Shein has also extended its partnership with Forever 21 owner Authentic Brands Group (ABG) to create a new sub-brand, as it looks to bolster its fashion offer and reach. The move will see Shein design, manufacture and distribute a line of Forever 21 apparel and accessories including sportswear, activewear and swimwear.

Is Aéropostale owned by Abercrombie? ›

Both companies are well-known clothing brands, but they have different... No, Abercrombie & Fitch does not own Aeropostale. Abercrombie & Fitch and Aeropostale are separate retail companies that operate independently. Both companies are well-known clothing brands, but they have different...

Is Aéropostale owned by Reebok? ›

Reebok was absorbed by Authentic Brands Group, an American holding company whose wide portfolio of over 50 brands also includes Aéropostale, Nautica, and Volcom.

Does Forever 21 own Aéropostale? ›

SPARC LLC owns Aeropostale, Brooks Brothers, Forever 21, Lucky Brand, and Nautica.

What does R stand for in Aéropostale? ›

IMPORTANT. R stands for Regular Inseam which is 26 inches (Approx.). Our customers feel that Aeropostale jeans are sized smaller than other brands.

What does Aéropostale stand for? ›

The name of the store Aeropostale is French for "air mail" and it originated from the 1920s French; Latin-American airmail firm, Compagnie Générale Aéropostale.

Is Aéropostale a sweatshop? ›

Viewing all content: Aeropostale

Style Avenue was found to have multiple and repeated labor rights violations, including forced overtime, illegal terminations, verbal abuse by management, failure to respect freedom of association, locking workers in the factory, excessive heat, and unsanitary conditions.

Are American Eagle and Aéropostale the same company? ›

Aéropostale is one of American eagle outfitters' main competitors. The company was established in 1987 by Bryan Alberto. The company has a total of 1,008 stores spread across North America, Central America, and the Middle East. In 2005, the company established an online store.

Who are the partners of Aéropostale? ›

Media & News
  • Cheetos partnered with Aeropostale on Aug 9th '22.
  • Aeropostale launches vibrant kids collection.
  • Aeropostale partnered with A&A Optical Company on Jun 22nd '23.
  • Aeropostale launched Aéropostale x Take Action apparel collection on Jun 22nd '23.
  • Aeropostale partners with Authentic Brands Group.

Is Zara just Shein? ›

Zara is much older than Shein; it was founded in 1975 in Spain by Amancio Ortega and Rosalia Mera. And unlike Shein, Zara had always aimed to be a fast fashion brand. From its inception, it became a hit among consumers by offering low-cost versions of popular and expensive clothing.

Who owns Forever 21 now? ›

What is the new name of Shein? ›

2012–2019: rebranding and retailer status

The firm's name changed again in 2015 from Sheinside to Shein, claiming that it needed a name that was simpler to remember and easy to find online. By 2016, Xu gathered a team of 800 designers and prototype makers that manufactured Shein-branded clothing.

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