Reebok and Sports Illustrated owner Authentic Brands Group plans to takeover British fashion retailer Ted Baker.
Ted Baker has 376 stores worldwide and its own lines of running shoes and athleisure wear for both men and women.
Investing in well-established properties is no stranger to ABG, which owns fashion, athletic apparel, and equipment brands Nine West, Prince Sports, Tapout, Volcom, and others.
In January, ABG reportedly purchased a 55 per cent stake in David Beckham’s DB Ventures for $271 million. DB Ventures controls the soccer star’s deals with Tudor watches and Haig whiskey. In March, ABG completed its acquisition of Reebok from Adidas in a deal valued at $2.5 billion.
In January, ABG canceled plans for an IPO, according to an SEC filing. Instead, the conglomerate raised money through private sources and is valued at $13 billion after an investment in November 2021 from CVC Capital Partners and HPS Investment Partners.
The company still plans to go public, but will likely do so in 2023 or 2024, says Jamie Salter, CEO.
