Kontoor Brands agrees to sell Lee denim brand to Authentic Brands Group for up to $1 billion.
Kontoor Brands has agreed to sell the Lee denim brand to Authentic Brands Group for what could add up to $1 billion. The deal includes an initial $750 million plus a potential $250 million earnout and is expected to close in the second half of the year.
4h ago · 1 source
Coverage
- Lee jeans sold to brand management firm for up to $1B
Daphne Howland / retail_dive · 1d ago