PVH Corp. to Exit Heritage Brands Business with Sale of IZOD, Van Heusen, ARROW and Geoffrey Beene Brands to Authentic Brands Group
PVH Corp. [NYSE:PVH], announced today that it has entered into a definitive agreement to sell certain intellectual property and other assets of its Heritage Brands business to Authentic Brands Group (ABG) and will exit its Heritage Brands business.
- PVH Corp. [NYSE:PVH], announced today that it has entered into a definitive agreement to sell certain intellectual property and other assets of its Heritage Brands business to Authentic Brands Group (ABG) and will exit its Heritage Brands business.
- The transaction includes the IZOD, Van Heusen, ARROW and Geoffrey Beene brand trademarks.
- We have been proactively optimizing our Heritage Brands business over the past few years, while focusing on allocating resources to higher-return businesses to maximize shareholder value.
- Authentic Brands Group (ABG) is a brand development, marketing and entertainment company, which owns a portfolio of global media, entertainment and lifestyle brands.