Aeropostale, Forever 21 Owner Authentic Brands Exploring IPO

The proprietor of a number of retail manufacturers and a licensing business could strike the general public marketplaces with a $ten billion IPO being explored for 2021.

Genuine Models is the owner of Aeropostale, Brooks Brothers, Juicy Couture, For good 21, Barneys New York, Airwalk, Frederick’s of Hollywood, Lucky Manufacturer, Nautica, Sporting activities Illustrated, and Tapout.

The company also owns the licensing business for famous people these as Elvis Presley, Muhammad Ali, and Marilyn Monroe.

An IPO could worth the company at $ten billion in accordance to Bloomberg. BlackRock is amid the buyers in Genuine Models.

Partnerships

In excess of the past a number of a long time, Genuine Models has scooped up brands on the verge of personal bankruptcy.

Genuine Models partnered with a number of shopping mall landlords to get Aeropostale and other manufacturers.

The company has a joint undertaking with Simon Residence Group referred to as SPARC LLC, which has once-a-year income of $8.six billion. SPARC LLC owns Aeropostale, Brooks Brothers, For good 21, Lucky Manufacturer, and Nautica. It just lately introduced a offer to acquire Eddie Bauer.

Brookfield Residence Partners had partnered with Genuine Models in the acquisition of For good 21 but has due to the fact swapped its stake for fairness in Genuine Models.

Why It’s Crucial

Genuine Models has a portfolio of much more than 30 manufacturers and has once-a-year retail income of much more than $ten billion.

The company has much more than 700 companions and 5,950 retail retailers for its owned manufacturers.

Genuine Models scooped up several having difficulties brick and mortar retail corporations and has put an emphasis on expanding e-commerce income and improving the actual physical retail footprint.

The company’s joint undertaking with Simon Residence aided with potential struggles at several of the top rated malls in the state.

Genuine Models could be a reopening inventory play for buyers and a play on the change from actual physical to e-commerce by omnichannel strategies.

This story originally appeared on Benzinga. © 2021 Benzinga.com.

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Genuine Models Group, IPO, retail