Authentic Brands Group, owners of a global portfolio of celebrity, entertainment and lifestyle brands has completed the acquisition of Nine West and Bandolino from Nine West Holdings.
The purchase has seen ABG increase its footwear and accessories business to over $2 billion in global retail sales, helping it establish its place as a leader in the fashion footwear space.
Its brand portfolio has been brought to nearly $8 billion in global retail sales.
“From the moment ABG won the bid for Nine West and Bandolino, we received an outpouring of interest from retailers, distributors and new licensing partners,” said Jamie Salter, chairman and CEO of ABG. “Now that the acquisition has been formalised, we are kicking the brands’ growth strategies into high gear.”
As part of the acquisition, ABG assumes all licensing partnerships and marketing activities for the Nine West and Bandolino brands. With respect to the brands’ footwear and handbag categories, ABG has appointed Marc Fisher Footwear to operate the footwear business and Signal Products to operate the handbag and SLG businesses.
ABG’s initial focus will be on developing near-term and long-term strategies that reinforce the brands’ fashion positioning in key markets around the world.
It will build on the strength of Nine West and Bandolino to accelerate the brand expansion into new categories such as sportswear, outer wear, swimwear, intimates, fragrance, sleepwear and home.