Authentic Brands raises $600M for retail acquisitions

Authentic Brands Group is on the acquisition hunt, after bolstering its war chest by $600 million. CEO Jamie Salter said the cash injection from BlackRock, General Atlantic and Leonard Green & Partners now brings the apparel licensing firm’s total cash up to $1 billion, according to CNBC. Salter said he’s looking to use that to buy up struggling retailers. Authentic has teamed up with mall owner Simon Property Group on a joint venture, dubbed Sparc,

source https://therealdeal.com/2020/08/19/authentic-brands-raises-600m-for-retail-acquisitions/