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Bluestar Alliance Buys Scotch & Soda’s U.S. Business

Retail TouchPoints

An affiliate of brand management company Bluestar Alliance has purchased the U.S.-based based wholesale and retail business assets of the Scotch & Soda brand, which will allow its products to be sold in retail stores across the country. The Bluestar portfolio includes brands such as Brookstone, Bebe, Limited Too and Hurley.

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Simon Sells Off Authentic Brands Group Stake, Will Put up No Capital for Express

Retail TouchPoints

Simon Property Group , is making some shifts in its “side hustle” as a brand owner. On an earnings call discussing its Q1 2024 results, CEO David Simon shared that the company had sold its remaining stake in brand management firm Authentic Brands Group for $1.2 The biggest mall owner in the U.S.,

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WHP Looks Beyond Toys ‘R’ Us with $375M Investment from Ares

Retail TouchPoints

Brand management firm WHP Global has received a $375 million equity investment from funds managed by the private equity group of Ares Management Corporation to fuel its next wave of brand acquisitions. The tour also will feature a number of integrated co-marketing partnerships with brands.

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Authentic Brands, Owner of Forever 21 and JCPenney, Files for IPO

Retail TouchPoints

Authentic Brands Group (ABG) — which has made a name for itself by scooping up bankrupt retail brands such as Forever 21 , JCPenney , Aéropostale and Brooks Brothers and bringing them back to life through licensing — is planning to go public. In June 2020, ABG also bought fellow brand management company PVH Corp. ’s

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PVH Sells Off Heritage Brands as it Turns Focus to Calvin Klein, Tommy Hilfiger

Retail TouchPoints

is selling its Heritage Brands portfolio — which includes the Izod , Van Heusen , Arrow and Geoffrey Beene brands — to fellow brand management firm Authentic Brands Group for approximately $220 million. This sale marks the latest in a broader shakeup among the larger brand management firms.

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Forever 21 Finds New Home at JCPenney

Retail TouchPoints

The brands also share owners. Simon Property Group bought Forever 21 out of bankruptcy in partnership with fellow mall operator Brookfield Asset Management and brand management firm Authentic Brands Group in February 2020. JCPenney isn’t Forever 21’s first foray into department stores.

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JCPenney Reduces Cart Abandonment 18% with AI-Powered Shopper Engagement Tool

Retail TouchPoints

“Helping customers in their online shopping journey is a major advantage in today’s online retail market,” said Richard Adams, VP of Digital Experience at JCPenney in a statement. Then in May 2021, the company announced it was cutting 650 jobs , approximately 1.5% of its workforce.