Authentic Brands Group to acquire Champion
Authentic Brands Group, which owns more than 50 global brands including Reebok, Ted Baker, Hunter and Forever 21, announced today (5 June) that it has signed a binding agreement to purchase Champion from US clothing company HanesBrands. The deal is valued at $1.2bn (£940m) and could reach $1.5bn (£1.2bn) through an additional contingent cash consideration