Authentic Brands Group has signed an agreement with VF Corp. to acquire the Nautica brand.
Terms of the deal were not disclosed. The transaction is expected to close in the second quarter, and represents ABG’s largest brand acquisition to date. Once closed, ABG’s brand portfolio will total nearly $7 billion in annual global retail sales. The disclosure of the deal confirms a WWD report on Sunday.
Trevor Andrew, the artist known for his Gucci Ghost collaboration with Gucci, hit Complexcon last weekend to launch his fist line, Real Buy. The streetwear line includes jackets, short- and long-sleeve T-shirts, each with one of the artist’s seven designs, reports @ariahughes .
Kane Brown didn’t take the traditional road to country music stardom, writes @jeanpalmieri .
Instead of cutting his teeth in church and dive bars throughout the South, Brown made a splash on Facebook by releasing several covers of country classics — George Strait’s “Check Yes or No” and Lee Brice’s “I Don’t Dance” among them — that soon went viral. “I was working at FedEx and Target and just doing it for fun,” he said of the videos. “I put it on social media and got around 50 likes. Then I woke up one day and saw that it had gone viral overnight.” Read more on WWD.com 📸: @georgechinsee