NEW YORK — Authentic Brands Group wrote another big check — its fourth since July 2012 — and has established itself as the new dealmaker in town.
The brand management firm has acquired premium outdoor ski and snow brand Spyder Active Sports Inc. from private equity firm Apax Partners for an undisclosed amount. In connection with the transaction, ABG has sold the operating component of Spyder for an undisclosed amount to Li & Fung Ltd.’s U.S. arm, LF USA, which now also holds the license for current products sold in the Americas, Europe, the Middle East and Africa. ABG retains Spyder’s intellectual property assets. Spyder offers base layers, sweaters, layering items, pants and hats for men, women and children.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)