YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Retail conglomerate Authentic Brands Group is shelving a planned initial public offering.
The company instead will sell significant equity stakes to private equity firm CVC Capital, hedge fund HPS Investment Partners and a pool of existing stakeholders. The deal gives the company an enterprise value of $12.7 billion.
Authentic Brands' companies include Forever 21 and Aeropostale.
Read more from CNBC.
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