Divestiture/carve-outMay 21, 2026Pending
🇺🇸 United States
LLee (brand business of Kontoor Brands)ABAuthentic Brands Group
Consumer & Retail › Consumer Products
Enterprise value$1BEnterprise value
AnnouncedMay 21, 2026
ConsiderationCash
StructureOther
RegionNorth America
Cross-borderNo
Contingent paymentYes
Overview
Kontoor Brands entered into a definitive agreement to sell its Lee apparel business to Authentic Brands Group for up to $1 billion, comprising $750 million initial value and a $250 million earnout.
Deal rationale
The sale sharpens Kontoor's portfolio around Wrangler and Helly Hansen and frees capital for share repurchases and debt paydown.
AI-generated from the SEC filingPendingConsumer & Retail › Consumer ProductsUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | Undisclosed | |
|---|---|---|
| Enterprise value | $1B | Headline figure |
| Consideration | Cash |
Advisors
Buy-side
None listed
Sell-side
MSMorgan Stanley
Parties
Acquirer
ABAuthentic Brands Group
- Headquarters
- United States
- Ticker
- —
Seller
KBKontoor Brands, Inc.
- Headquarters
- —
- Ticker
- —