Authentic Brand of the US in talks to acquire Arcadia and Debenhams

2 min read | December 14, 2020 08:04 AM EST | By Team Kalkine Media

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Authentic Brands of the US is said to be in talks with the administrators of Arcadia and Debenhams for a possible acquisition.

The two companies owned by Sir Philip Green went into administration a few days ago risking 25,000 jobs.
Authentic Brands founded by Canadian Jamie Salter is being backed by big financiers such as Blackrock and Leonard Green & Partners.
Authentic Brands Group holds 50 brands and 6,000 of stores with annual retail sales of $14 billion.
Arcadia Group is closely related to Debenhams, as it is the biggest operator of concessions in Debenhams’ stores.
It has been reported that Authentic Brands which had recently acquired Forever 21 and Brooks Brothers, has deep pockets, while the Deloitte the administrator of Arcadia will look for as much as £200 million for one of its famous brands Topshop alone.
Last week, Frasers Group, owned by Mike Ashley, had also confirmed that it was in talks with Debenhams’ administrators.
Meanwhile, Mike Ashley has been reported to be willing to acquire the online business of Debenhams for around £500 million.
Authentic Brands Group, which also owned Elvis Presley Estate, along with Z2 Comics announced an all-new original graphic novel that depicts the incredible story of one of the most celebrated musicians of all time: Elvis Presley.

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