Centric Brands Brand & Lifestyle Brand Licensing Fashion & Accessories Retail 

Brand licensing company Centric Brands files for bankruptcy

Considering the weak growth in apparel sales in recent years, New York based, Centric’s Brands were likely already experiencing some challenges. The COVID-19 pandemic has only made that worse, as consumers have less need than ever for clothes for work or special events, and are pulling back on spending with many stores still temporarily closed and economic uncertainty looming. Apparel sales plunged 89% in April, with most retail stores closed due to the outbreak, after dropping more than 50% in March, when some stores were still open for part of…

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Accessories Licensing Apparel Licensing Brand & Lifestyle Collaborations 

ABG acquires Nautica from VF Corporation

Authentic Brands Group has inked a definitive purchase agreement with VF Corporation to acquire its Nautica lifestyle brand, as per a report in the License Global. However, the financial terms of the agreement were not disclosed yet. The transaction is expected to complete by the end of the second quarter of the financial year. In 2013, the brand acquired Juicy Couture from Fifth & Pacific, followed by the purchase of the estate of Muhammad Ali including all of Ali’s intellectual property. ABG will take on Nautica’s brand marketing and licensing…

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