By and  on March 20, 2018

Jamie Salter’s birthday gift to himself over the weekend was the signing of an agreement to acquire Nautica from VF Corp., but Authentic Brands Group will have a lot of work ahead as it builds out the brand’s product line.

Nautica represents ABG’s largest acquisition to date and is expected to close in the second quarter. Once closed, ABG’s brand portfolio will total nearly $7 billion in annual global retail sales, putting the group one step closer to its goal of $10 billion in global retail sales by 2020.

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