• Loading stock data...
Friday, February 21, 2025

Authentic Brands Group Files For IPO

Sports Illustrated/Design: Alex Brooks

Sports Illustrated parent Authentic Brands Group filed for an IPO Tuesday that could value the company at $10 billion.

The listing size is recorded as $100 million, though the amount is likely to change, per Bloomberg. Most of the money will go toward paying down debt, according to the filing, as Authentic Brands has spent roughly $2.6 billion in acquisitions since its inception in 2010.

With a portfolio of more than 30 brands, ABG brings in around $14 billion in retail sales annually.

  • Last month, the retail conglomerate purchased PVH Corp.’s Heritage Brand business for $220 million, moving Izod, Van Heusen, Arrow, and Geoffrey Beene to ABG.
  • In May, ABG bought outdoor gear and apparel retailer Eddie Bauer.
  • ABG also owns Forever 21, Barneys New York, and Brooks Brothers.

ABG purchased Sports Illustrated from Meredith for $110 million in 2019 after SI recorded millions in ad revenue losses. The publication signed 15 licensing deals in the year following the acquisition, doubling its EBITDA.

The name, image, and likeness rights of Muhammad AliShaquille O’Neal, and Julius Erving are part of ABG’s portfolio, as well.

The company’s net income jumped from $72.5 million in 2019 to $211 million in 2020, with revenue hitting $488.9 million.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

exclusive

Shaquille O’Neal, TNT Agree to Extension Worth Over $15M/Year

Shaq’s Inside the NBA will be licensed to ESPN next season.
Jun 13, 2018; Moscow, Russia; A general view of a beer stand inside of Luschniki Stadium one day prior to the start of the FIFA World Cup 2018.

Saudi Arabia Says No Alcohol at 2034 World Cup

Saudi Arabia won’t allow alcohol anywhere during the 2034 World Cup.
U.S. Soccer Federation president Carlos Cordeiro (left) and Sunil Gulati (center) and MLS commissioner Don Garber (right) pose for a photo.

Billionaire Who Chaired NASL Admits He Used Burner Account to Attack MLS,..

Rocco Commisso, the Mediacom founder, compared the MLS commissioner to Harvey Weinstein.
opinion

Caitlin Clark, Simone Biles, and the Athletes of the Year

What the Time and Sports Illustrated choices tell us about 2024.

Featured Today

Nov 2, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Penguins goaltender Alex Nedeljkovic (39) stretches during a time-out against the Pittsburgh Penguins in the second period at PPG Paints Arena

Behind the Mask: The Artists Creating Hockey’s Iconic Goalie Style

The art and business of outfitting pro netminders.
Feb 15, 2025; Montreal, Quebec, CAN; [Imagn Images direct customers only] Team United States forward Matthew Tkachuk (19) and Team Canada forward brandon Hagel (38) fight in the first period during a 4 Nations Face-Off ice hockey game at the Bell Centre.
February 16, 2025

Inside the Push for the NHL’s Next Era of International Competition

Players have been clamoring, and the league is all in.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
Feb 18, 2024; Indianapolis, Indiana, USA; Eastern Conference guard Damian Lillard (0) of the Milwaukee Bucks reacts after a play during the second half of the 73rd NBA All Star game at Gainbridge Fieldhouse.
February 15, 2025

The NBA’s Latest Attempt To Solve the All-Star Game Conundrum

A new mini-tournament on a lame-duck network may not solve the problem.

DraftKings Turns First Full-Year Profit, Stock Up 47% in 2025

The company’s sports betting business continues to grow despite headwinds.
February 5, 2025

Under Armour’s Desired Turnaround Sees Sparks With Q3 Earnings Beat

The 2010s darling has been struggling to find the right formula.
Billie Jean King
February 13, 2025

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

Billie Jean King wants more women involved in team ownership, too.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Russ Brandon
January 14, 2025

UFL President: NFL Used to View Private Equity Like Gambling 

The longtime NFL executive is stunned by the league’s evolution on PE.
October 24, 2024

Endeavor, TKO Consolidate Sports Assets, Hoping They’re Better Together

The move brings On Location, Professional Bull Riders, and IMG under TKO.
October 1, 2024

Nike CFO Says ‘Adversity Creates Sharper Focus’

Amid a downbeat but expected set of earnings, Nike says it sees signs of optimism.