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The company did not give a reason for shelving its listing. But in November, the owner of the Forever 21 brand agreed to sell a stake to private equity firms CVC Capital Partners and HPS Investment Partners in a deal that valued it at $12.7 billion including debt.
Authentic Brands owns over 30 brands including, Aeropostale, Van Heusen, and Bandolino with a retail portfolio which spans the luxury, specialty, department store, mid-tier, mass and e-commerce channels.
Earlier this week, the company bought a majority stake in former soccer player David Beckham’s brand-management company, DB Ventures LLC, according to media reports.
Last July, Authentic Brands had filed to go public, intending to list on the New York Stock Exchange, revealing a strong jump in earnings in 2020.
