NEW OWNER FOR PRINCE SPORTS: Authentic Brands Group, which owns the branding rights to Marilyn Monroe and Bob Marley, is the new owner of Prince Sports, the racquets manufacturer that also was a big player in Prince-branded tennis balls and apparel. Authentic in 2010 acquired $65 million of Prince’s debt. As part of Prince’s pre-packaged bankruptcy filing in Delaware on Monday, that debt will be extinguished in exchange for ownership of the company. Founded in 1970, the firm has struggled in recent years as consumers have switched to apparel and gear from competing firms.

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