Siuuuu!
Authentic Brands Group Inc paid US $ 269 million to buy a majority stake in former football player David Beckham's company, DB Ventures LLC.
The purchase saw Authentic Brand acquire a 55% stake in the company of one of the world's high -profile athletes, which also offers Tudor -branded watches.
Authentic Brands is a branch of Jamie Salter founded in 2010. It has partnered with several malls and retailers such as Aeropostle Inc and Brooks Brother out of bankruptcy.
Then in August, they bought the Reebook shoe brand from Adidas AG for US $ 2.5 billion.
Authentic Brands had filed for announcement last year but postponed the plan after agreeing in November to sell a 25% stake to CVC Capital Pertners and HPS investment Pertners in a group valuation deal at US $ 12.7 billion including debt.
