Authentic Brands Group

Simon Property, Authentic Brands Make $305M Bid for Brooks Brothers

| Mike O'Brien

A partnership between mall giant Simon Property Group and apparel licensing firm Authentic Brands has made a $305 million bid to acquire the assets and intellectual property of Brooks Brothers out of bankruptcy court, according to various media reports. The partnership, named Sparc LLC, plans to keep at least 125 stores open.

Fifth & Pacific Sells Juicy Couture

| Tim Parry

Fifth & Pacific Companies said on Oct. 7 that it agreed to sell the intellectual property of the Juicy Couture brand to Authentic Brands Group for $195 million cash.