Differential Brands Group to Acquire Majority of North American Division of Global Brands Group for $1.38 Billion
DIFFERENTIAL BRANDS GROUP INC COMMON (DFBG)
Last differential brands group inc common earnings: 8/14 04:40 pm
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differentialbrandsgroupinc.gcs-web.com/investor-overview
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Source: Business Wire
- Will create leading North American consumer platform generating revenues in excess of $2.3 Billion LOS ANGELES--(BUSINESS WIRE)-- Differential Brands Group Inc. (the “Company” or “Differential”) (NASDAQ:DFBG), a portfolio of global consumer brands comprised of Hudson, Robert Graham and SWIMS, today announced that it has entered into a definitive purchase agreement with Global Brands Group Holding Limited, a Hong Kong listed company (SEHK Stock Code: 787) (“GBG”), to acquire a significant part of GBG’s North American licensing business (the “GBG Business”), comprised of licensed brands such as Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger, BCBG, bebe, Joe’s, Buffalo David Bitton, Frye, Michael Kors, Cole Haan and Kenneth Cole, for a purchase price of $1.38 billion, subject to adjustment (the “Transaction”). It is anticipated that upon closing, DFBG will have in excess of $2.3 billion in
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