Authentic Brands Group Acquires Lee From Kontoor Brands
May 21, 2026
Authentic Brands Group signed a definitive agreement to acquire Lee, the denim and workwear brand, from Kontoor Brands for up to $1 billion. The deal includes an initial $750 million payment and up to $250 million of potential earn-out consideration, and is expected to close in the second half of 2026 subject to regulatory approvals and customary closing conditions.
- Buyers
- Authentic Brands Group
- Targets
- Lee
- Sellers
- Kontoor Brands, Inc.
- Industry
- Consumer Products
- Location
- North Carolina, United States
- Transaction Type
- Divestiture
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