Jamie Salter sees the business growing to $10 billion in revenue within five years.
Authentic Brands Group plans to let "Reebok be Reebok" after acquiring the sneaker brand from Adidas on March 1, ABG founder and CEO Jamie Salter told Axios' Richard Collings during Thursday's"We're going to focus very big on the classic entertainment fashion side and the other 50% on the athletic side," Salter said.
He added that he expects the company to grow to $6 billion in revenue from $4 billion next year, and to $10 billion within five years. Salter claims ABG is the country's largest licensing business behind Disney, owning brands that range from JCPenney to Elvis Presley to Sports Illustrated.Salter says consumers continue to spend, despite inflation concerns and limited product supplies.
ABG was "on the one yard line, ready to pull the trigger" on its IPO, before private equity arrived with an offer the company and its shareholders couldn't refuse.Looking ahead, ABG is looking at opportunities in the kids sector.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Google Pushes Deeper Into Crypto as It Hires PayPal VetGoogle is planning to let users store crypto in digital cards
Lire la suite »
Steve Cropley: Why I'm worried about Jaguar | AutocarWhy I'm worried about Jaguar, explains StvCr: our man thinks the British brand needs to clearly communicate its future plans
Lire la suite »
Sony Shares Tank Over 12% After Microsoft and Activision's $68.7 Billion Tie-Up PlanInvestors fear Microsoft’s planned acquisition of Activision will bring more competition to Sony’s PlayStation and take away key games from Sony’s platforms.
Lire la suite »
What Microsoft's Activision acquisition means for 'metaverse' plansMicrosoft's $68.7 billion Activision acquisition is crucial for the company to expand its 'metaverse' plans — here's what that means
Lire la suite »
De Beers executive steps down after 37 yearsDiamond company De Beers Group has announced that Stephen Lussiers, executive vice president for brands and consumer markets, will step down from his position after nearly four decades with the company.
Lire la suite »