Reebok and Sports Illustrated owner Authentic Brands Group has expressed interest in a takeover bid for British fashion retailer Ted Baker.
Authentic Brands Group confirmed its purchase of a 55% stake in David Beckham’s global brand management firm on Thursday.
Authentic Brands Group CEO Jamie Salter expects Reebok’s revenue to grow from $4 billion to $10 billion within the next five years.
Authentic Brands Group is purchasing a 55% stake in David and Victoria Beckham’s DB Ventures for $271 million.
