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5 Global Retail Acquisitions In H1 2023
Forbes Middle East - English
|July 2023
Here are five notable global acquisitions made by retail leaders in the first half of 2023 as they navigated a competitive landscape
Authentic Brands Group
Acquired: Boardriders
In March, Authentic Brands Group made a binding offer to purchase action sports and lifestyle company Boardriders, then signed a definitive agreement to purchase the company in April. The full portfolio— featuring Quiksilver, Billabong, Roxy, RVCA, DC Shoes, VonZipper, Honolua, and Element—will join Authentic’s roster of iconic brands. As a global brand development, marketing, and entertainment platform, New York-based Authentic represents over 40 brands, including Reebok, Ted Baker, and Aéropostale. The acquisition will accelerate the expansion of Boardriders’ shop-in-shops, branded retail stores, and global wholesale and e-commerce. The deal is expected to be finalized in Q3 2023 and is forecast to boost systemwide annual retail sales to over $27.6 billion.
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Acquired: Cath Kidston
This story is from the July 2023 edition of Forbes Middle East - English.
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