Latest news with #AuthenticBrandsGroup
Yahoo
7 days ago
- Business
- Yahoo
Rockport's Headed to the UK and Ireland
Leading footwear distributor Chapters Brand Group is set to bring the Rockport shoe brand across the pond. Brand management firm Authentic Brands Group, which owns the Rockport intellectual property, has signed a deal with Chapters to distribute the brand across the U.K. and Ireland. Authentic said that under the terms of the agreement, Chapter will distribute Rockport men's and women's footwear across the regions. More from WWD Brooks Brothers Returns to Downtown NYC With Global Flagship Authentic Brands Group Is Buying Dockers for $311 Million Richard Baker Confirms Saks Global to Cut Up to 600 Vendors 'Rockport is a brand with a strong heritage, global recognition and a loyal following,' Henry Stupp, president, Lifestyle & Entertainment EMEAI at Authentic, said. 'Chapters' deep understanding of the regional markets and expertise in brand building make them the ideal partner to establish Rockport's presence and unlock long-term growth across these important regions.' Graeme Nichol, a managing director at Chapters, said, 'There's a clear demand for footwear that combines everyday functionality with thoughtful design and Rockport delivers exactly that.' He cited the Umbwe as an iconic footwear classic, noting that his firm has 'stuck faithfully to the brand's original specifications,' using Vibram soles, Hydroshield membranes, full moccasin construction, and buttery calf leathers to make sure that both 'comfort and quality remain at the forefront.' Rockport Group filed for Chapter 11 bankruptcy court protection in June 2023. It was the second Chapter 11 filing within a five year period for the shoe firm founded in 1971 by the father and son duo Saul and Bruce Katz. They sold the brand to Reebok in 1986 for $118 million, which later sold it in 2015. Authentic snapped up the brand in July 2023 during a bankruptcy court approved sales. Authentic a year earlier acquired Rockport's former parent Reebok. One of Authentic's first moves was to tap Marc Fisher Footwear—it's also the shoe licensee for Authentic's Nine West, Hunter Boots and Bandolino labels—as its U.S. partner to handle Rockport's footwear design, wholesale and e-commerce operations. The brand's offerings skews more towards the men's footwear market. Best of WWD All the Retailers That Nike Left and Then Went Back Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Julia Fox's Sleekest and Boldest Shoe Looks Over the Years [Photos] Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
AppLovin's Valuation Reflects High Expectations For Monetization Expansion: Analyst
Needham analyst Bernie McTernan reiterated its Hold rating on AppLovin Corp. (NASDAQ:APP) on Wednesday. AppLovin's primary tool for future growth is Axon 2, which is an ad optimizer operating within the DSP that allows advertisers to place ads according to specified return thresholds. In McTernan's third AppLovin Ecommerce Tracker, the total number of websites in his sample using Axon grew by +3% compared to last month to 323, which includes 18 gross adds and 7 seven churned websites were more than the one churn last month, the analyst noted. However, two of the seven companies shut down their businesses, he said in the analyst note. McTernan said Apparel, Footwear & Accessories was the largest category gainer in the past month, with 10 gross adds and one churn. The analyst noted that AppLovin announced in December that the company had 600 e-commerce brands and a $1 billion ad spend run rate. Given the relatively modest growth and essentially unchanged pixel helper count, he does not believe self-service has launched yet. McTernan noted one big brand add the Pixel this month, Reebok, which Authentic Brands Group, a private brand management company, owns. Press reports indicate Reebok does ~$5 billion in sales, which is in the bottom quartile for revenue among the 70 big brands he sampled. Authentic Brands Group combined for $32 billion+ of revenue, the analyst said. Some of the brands that added the Pixel include Champion, Juicy Couture, and Vince Camuto, he said. Other brands ABG owns but not using the Pixel include Nautica, Aeropostale, Lucky, Brooks Brothers, Sperry, Spyder, Ted Baker, Forever 21, Hunter, McTernan noted. As a reminder, the analyst noted that focusing on some of the larger brands in his dataset is essential as they have the most remarkable ability to scale advertising spending on the platform. He considered ~70 websites in his tracker big brands. McTernan noted no change to AppLovin's reported user count for the Axon pixel at 2k. The analyst noted that the user count crossed from 1k to 2k between February 28 and March 5, which he noted means the user count passed 1,500 that week. AppLovin projected second-quarter revenue of $1.21 billion and EPS of $1.86. Weighing in on AppLovin's valuation, McTernan stated that the company's valuation has become one of the most expensive within their coverage group. This surge is driven by heightened expectations for the company's ability to further monetize its advertising platform through new verticals, he noted. Price Action: APP stock is trading higher by 1.29% to $385.83 at last check Wednesday. Read Next:Photo by Piotr Swat via Shutterstock Date Firm Action From To Feb 2022 Morgan Stanley Maintains Overweight Feb 2022 Credit Suisse Maintains Outperform Feb 2022 Credit Suisse Maintains Outperform View More Analyst Ratings for APP View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? APPLOVIN (APP): Free Stock Analysis Report This article AppLovin's Valuation Reflects High Expectations For Monetization Expansion: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Daily Mail
23-05-2025
- Business
- Daily Mail
Levi's to sell Dockers to Authentic Brands for $311 million
Dockers — once the ultimate symbol of office cool — is being sold off by Levi Strauss as Americans continue to swap dress codes for stretchy pants and comfort wear. The denim giant announced Tuesday it has struck a deal to sell Dockers to New York-based Authentic Brands Group in a deal worth up to $391 million. The sale arrives as San Francisco-based Levi Strauss boosts its focus on the chain´s core Levi´s brand — as well as Beyond Yoga, which the company acquired in 2021, as more and more consumers continue to cozy up to athleisure wear. But bosses at Authentic — known for buying up storied brands but struggling labels and revitalizing them — has big plans for Dockers. Levi Strauss launched Dockers back in 1986, and the brand soon became a 'Casual Friday' staple. Many office workers turned to Dockers' khakis and looser button-downs in the place of more traditional business attire. While it was not the sole — or very first — creator of dressed-down office looks, Dockers has been widely-credited as an integral part to 'Casual Friday's' rise, particularly in the 90s. Levi's CEO Michelle Gass thanked the Dockers team for building what she called 'the authority on khaki,' but said it was time to focus on Levi's core denim business and Beyond Yoga, the athleisure brand it bought in 2021. The focus on denim was highlighted in Levi's recent adverts with Beyonce, where she recreated scenes from famous ads for the 501-makers. Authentic Brands CEO Jamie Salter said Dockers is 'a natural fit' and promised to breathe new life into the label. 'Dockers played a key role in shaping casual workwear as we know it today,' he said. 'We see significant potential to build on that legacy.' The company has already turned around the ikes of Reebok, Nautica and Brooks Brothers and runs the estates of Elvis Presley and Muhammad Ali. Founded in 2010, Authentic doesn't run stores or make products itself. Instead, it owns brand names and licenses them out to retailers, manufacturers, and marketers who pay to use the branding on everything from clothes to fragrances to restaurants. The sale is expected to close by July 31 in the US and Canada, with international operations wrapping by early 2026. Levi Strauss, which reported $210.6 million in profit last year on $6.36 billion in revenue, first hinted at the sale last October, citing Dockers' underperformance. While Dockers may no longer dominate workplace fashion, for a generation of American office workers, its legacy lives on — in every business-casual Friday that replaced a stiff suit with a laid-back pair of khakis. Beyonce has appeared in two Levi's adverts in the past year, one in September and another in February In the most recent one she recreated another one of the brand's iconic ads. The Texas Hold 'Em hitmaker, 43, had glamorous denim on denim look while playing a game of pool in a dive bar. It was her take on Levi's 1991 Pool Hall ad , in which a young man bets his jeans on a pool game. Beyonce walks into the dive bar rocking a bedazzled denim jacket, matching Levi's jeans, and statement earrings. Her short platinum blonde hair is styled into voluminous curls, with her glam looking flawless. The ad, titled 'Chapter 2: Pool Hall', was set to her Cowboy Carter hit 'Levii's Jeans' featuring Post Malone. In her first ad for the brand, released in September, Beyonce paid homage to a legendary Eighties advert as she flashed her underwear. The singer stripped off in the 30-second advert, entitled Chapter 1: Launderette, which was a modern replica of Nick Kamen's 1985 Levis 501 advert. Beyonce's version saw her head inside a laundry mat while carrying a bucket of diamonds and clad in a $98 pair of Levi's Premium 501 90S Women's Jeans.
Daily Mail
23-05-2025
- Business
- Daily Mail
Levi's stops making iconic range after 40 years as tastes change... but the Casual Friday staple isn't going away
Dockers — once the ultimate symbol of office cool — is being sold off by Levi Strauss as Americans continue to swap dress codes for stretchy pants and comfort wear. The denim giant announced Tuesday it has struck a deal to sell Dockers to New York-based Authentic Brands Group in a deal worth up to $391 million. The sale arrives as San Francisco-based Levi Strauss boosts its focus on the chain´s core Levi´s brand — as well as Beyond Yoga, which the company acquired in 2021, as more and more consumers continue to cozy up to athleisure wear. But bosses at Authentic — known for buying up storied brands but struggling labels and revitalizing them — has big plans for Dockers. Levi Strauss launched Dockers back in 1986, and the brand soon became a 'Casual Friday' staple. Many office workers turned to Dockers' khakis and looser button-downs in the place of more traditional business attire. While it was not the sole — or very first — creator of dressed-down office looks, Dockers has been widely-credited as an integral part to 'Casual Friday's' rise, particularly in the 90s. Levi's CEO Michelle Gass thanked the Dockers team for building what she called 'the authority on khaki,' but said it was time to focus on Levi's core denim business and Beyond Yoga, the athleisure brand it bought in 2021. The focus on denim was highlighted in Levi's recent adverts with Beyonce, where she recreated scenes from famous ads for the 501-makers. Authentic Brands CEO Jamie Salter said Dockers is 'a natural fit' and promised to breathe new life into the label. 'Dockers played a key role in shaping casual workwear as we know it today,' he said. 'We see significant potential to build on that legacy.' The company has already turned around the ikes of Reebok, Nautica and Brooks Brothers and runs the estates of Elvis Presley and Muhammad Ali. Founded in 2010, Authentic doesn't run stores or make products itself. Instead, it owns brand names and licenses them out to retailers, manufacturers, and marketers who pay to use the branding on everything from clothes to fragrances to restaurants. The sale is expected to close by July 31 in the US and Canada, with international operations wrapping by early 2026. Levi Strauss, which reported $210.6 million in profit last year on $6.36 billion in revenue, first hinted at the sale last October, citing Dockers' underperformance. While Dockers may no longer dominate workplace fashion, for a generation of American office workers, its legacy lives on — in every business-casual Friday that replaced a stiff suit with a laid-back pair of khakis. Beyonce has appeared in two Levi's adverts in the past year, one in September and another in February In the most recent one she recreated another one of the brand's iconic ads. The Texas Hold 'Em hitmaker, 43, had glamorous denim on denim look while playing a game of pool in a dive bar. It was her take on Levi's 1991 Pool Hall ad, in which a young man bets his jeans on a pool game. Beyonce walks into the dive bar rocking a bedazzled denim jacket, matching Levi's jeans, and statement earrings. Her short platinum blonde hair is styled into voluminous curls, with her glam looking flawless. The ad, titled 'Chapter 2: Pool Hall', was set to her Cowboy Carter hit 'Levii's Jeans' featuring Post Malone. In her first ad for the brand, released in September, Beyonce paid homage to a legendary Eighties advert as she flashed her underwear. The singer stripped off in the 30-second advert, entitled Chapter 1: Launderette, which was a modern replica of Nick Kamen's 1985 Levis 501 advert. Beyonce's version saw her head inside a laundry mat while carrying a bucket of diamonds and clad in a $98 pair of Levi's Premium 501 90S Women's Jeans.
Yahoo
23-05-2025
- Business
- Yahoo
Levi Strauss to Sell Dockers Brand to Authentic Brands Group
As part of its bold strategic transformation, Levi Strauss & Co. LEVI has agreed to sell its Dockers brand to Authentic Brands Group for an initial transaction value of $311 million, with the potential to reach $391 million through an $80 million earnout based on future performance. This milestone deal is a major step in Levi's plan to sharpen its brand portfolio and accelerate growth in its core business in 1986, Dockers rose to prominence as the go-to brand for khakis and chinos, becoming a staple of casual office wear for decades. At its peak, the brand became virtually synonymous with business casual style. However, the broader casualization of workwear and a significant rise in remote work environments in recent years have contributed to a decline in sales, as traditional office attire saw reduced the sale of Dockers is part of Levi's strategy to align its business with key priorities, including a direct-to-consumer (DTC) first model, international expansion, and increased investment in women's apparel and the denim lifestyle segment. The CEO of Levi emphasized the importance of this strategic move, noting that Authentic is the right partner to lead Dockers into its next growth chapter. Management expressed appreciation for the Dockers team's contributions and affirmed that the transaction maximizes the brand's transaction is expected to close in two phases: around July 31, 2025, for U.S. and Canadian operations, and around Jan. 31, 2026, for all remaining operations. Levi will also support the transition by providing services to Authentic and its partners for a limited a separate announcement, Authentic Brands Group revealed that it has entered into a licensing agreement with Centric Brands, which will serve as Dockers' operating partner for select categories in the United States and Canada. This strategic partnership is expected to support the continued growth and expansion of the Dockers brand in key North American markets, ensuring a smooth transition and strong operational execution under Authentic's ownership. With this agreement, Levi is strategically positioned to accelerate its transformation into a best-in-class omnichannel retailer. The company continues to evolve its globally iconic Levi's brand from a heritage jeans label into a comprehensive denim lifestyle brand while scaling the growth in its premium activewear offering, Beyond Yoga. Levi remains focused on delivering long-term, sustainable and profitable growth across multiple categories, sales channels and global regions. In line with its disciplined capital allocation strategy, the company plans to return approximately $100 million of the net cash proceeds from the transaction to its shareholders through share repurchases, reinforcing its commitment to delivering value to stakeholders. Levi is executing a focused long-term strategy centered on transforming into a leading global omnichannel retailer. At the heart of this plan is the continued evolution of the Levi's brand from a denim icon to a full lifestyle brand. By expanding its product assortment beyond traditional jeans to include tops, outerwear and other fashion-forward categories, Levi's aims to deepen consumer engagement and strengthen its presence across all key markets. This transformation is supported by significant investments in direct-to-consumer (DTC) channels, including e-commerce and owned retail stores, allowing the company to better control customer experiences, build loyalty and drive higher margins. Shares of this Zacks Rank #3 (Hold) company have lost 19.3% in the past three months against the industry's growth of 9.5%. Image Source: Zacks Investment Research Some better-ranked stocks are Nordstrom Inc. JWN, Stitch Fix SFIX and Canada Goose is a leading fashion specialty retailer. It has a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Zacks Consensus Estimate for Nordstrom's fiscal 2025 earnings and revenues indicates growth of 1.8% and 2.2%, respectively, from the fiscal 2024 reported levels. JWN delivered a negative trailing four-quarter average earnings surprise of 26.1%.Stitch Fix delivers customized shipments of apparel, shoes and accessories for women, men and kids. It currently has a Zacks Rank of Zacks Consensus Estimate for SFIX's fiscal 2025 earnings implies growth of 46.9% from the year-ago actual. SFIX delivered a trailing four-quarter average earnings surprise of 48.9%.Canada Goose is a global outerwear brand. GOOS is a designer, manufacturer, distributor and retailer of premium outerwear for men, women and children. It carries a Zacks Rank of 2 at Zacks Consensus Estimate for Canada Goose's current fiscal year's earnings and revenues implies declines of 1.4% and 4.9%, respectively, from the year-ago actuals. Canada Goose delivered a trailing four-quarter average earnings surprise of 71.3%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Canada Goose Holdings Inc. (GOOS) : Free Stock Analysis Report Stitch Fix, Inc. (SFIX) : Free Stock Analysis Report Levi Strauss & Co. (LEVI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
