Authentic Brands Group LLC (Authentic) is an American sports, media, entertainment and lifestyle platform headquartered in New York City. Its holdings include various fashion, athletics, and entertainment brands,[2] which it licenses to operating partners around the world.[3] Authentic owns more than 50 consumer brands,[4] as well as the likeness rights or estates of celebrities, including Muhammad Ali, Elvis Presley, and Marilyn Monroe.
History
Origins and early work
The company was founded in 2010 by Jamie Salter, a Canadian entrepreneur known for founding, acquiring and building brand companies. Before launching Authentic, Salter co-founded Ride Inc., a snowboard company that became publicly traded on Nasdaq in 1994.[5] He later was CEO of Hilco Consumer Capital, a business focused on acquiring and restructuring consumer brands.[6]
After leaving Hilco Capital in 2010, Jamie co-founded Authentic Brands Group.The majority of the equity was sold to Leonard Green & Partners, who invested $250 million in the new venture.[7] Two of Authentic's first major purchases were the clothing brands Silver Star and Tapout.[7] In January 2011, Authentic Brands Group acquired rights to the likeness of Marilyn Monroe.[7][8][9]
2010s
In October 2013, Authentic announced the purchase of Juicy Couture from Fifth & Pacific for US$195 million.[10] The following month, Authentic acquired the estate of Muhammad Ali, and CORE Media Group's 85% stake in Elvis Presley Enterprises (which includes the estate of Elvis Presley, likeness rights, and music publishing assets).[11][12][13][14]
In December 2015, basketball player Shaquille O'Neal signed with Authentic to manage his likeness and marketing rights.[15]
2020s
In May 2020, Authentic and David Glasser's 101 Studios formed a joint venture, Sports Illustrated Studios, for feature film and television projects. The joint venture would have a slate of several TV series and films per year. The first announced project was the Covers two-hour docuseries based on the magazine's cover stories.[30]
In August 2020, it was announced that Brooks Brothers was sold to Authentic and Simon Property Group, the biggest mall operator in the US. The new owners committed to continuing to operate at least 125 Brooks Brothers retail locations worldwide (down from 424 global locations before the COVID-19 pandemic).[31]
In June 2021, it was announced that Authentic would acquire the Izod, Van Heusen, Arrow, and Geoffrey Beene brands from PVH.[32]
Portfolio
External links
References
- Lois Weiss. Bids are in for Trinity Church cluster New York Post, August 19, 2015, retrieved January 21, 2020^
- Brands Authentic Brands Group, retrieved 2026-03-25^
- Vicki M. Young. General Atlantic Makes Investment in Authentic Brands Group