Brooks Brothers has said that Authentic Brands Group and malls giant Simon Property Group have it in their sights with a $300m+ bid and plans to save “at least” 125 stores. But other bids could still derail the plan.
The ABG-owned board sports label has announced the opening of two stores in China in collaboration with its new local licensee China Ting Group, revealing plans for a further 10 locations before the end of the year.
The company, known for outfitting rock stars like Iggy Pop, Velvet Revolver and Bruce Springsteen, made the filing with plans to sell to an affiliate of Lion Capital LLC, the majority owner of John Varvatos.
BlackRock’s Long Term Private Capital fund, alongside Spanish businessman Javier Ferrán, has become the main shareholder of Creed, one of the world’s most ancient independent perfume labels, founded in the UK in 1760.