Lee business Acquired by Authentic Brands Group | Consumer M&A Deal

Authentic Brands Group has acquired the Lee business, a consumer other business in North Carolina, for $1.0 billion. Authentic Brands Group acquisitions will bring the Lee® denim, workwear, and category-authority brand under its consumer M&A platform, supporting global distribution and brand management from NC. The Lee business acquisition strengthens Authentic’s strategic acquisition strategy in consumer other, complementing its broader brand portfolio and expanding investment focus beyond legacy operations. The divestiture acquisition is announced and structured with a $750 million initial payment plus a $250 million earnout tied to future performance, subject to regulatory approvals and customary closing conditions.