World Footwear

Companies

ABG cancels its IPO application

Jan 11, 2022 United States
ABG cancels its IPO application
The retail conglomerate has officially withdrawn the registration that it had made with the US Securities & Exchange Commission for an initial public offering on the 6th of July 2021
ABG had already signalized in November that it was postponing the IPO until 2023 or 2024. Instead, it sold major equity stakes in its business to CVC Capital and HPS Investment Partners, which gave the group a valuation of 12.7 billion US dollars.

At the time, the ABG founder, chairman and CEO Jamie Salter declared to WWD that the company would adjourn its IPO as a result of recent investments still in line with ABG’s growth strategy to bring value to its shareholders.

Founded by Jamie Salter in 2010, the American group, specialized in developing brands through marketing and licensing agreements with industrial and distribution partners, has become a key player in the fashion industry over the past years. The acquisition of Reebok from adidas, to be closed in the first quarter of 2022, will bring ABG’s portfolio to more than 20 billion US dollars in annual system-wide retail sales.


Image Credits: csga.ca


Related Events

  • Jul
    15
    Jul 15-Jul 16, 2025 | St. Paul, Minnesota, United States

    Northwest Shoe Travelers Market

  • Jul
    15
    Jul 15-Jul 16, 2025 | New York, United States

    Première Vision New York

  • Jul
    16
    Jul 16-Jul 17, 2025 | Portland, United States

    Polymers in Footwear Portland

  • Jul
    22
    Jul 22-Jul 24, 2025 | San Diego; Las Vegas (summer edition), United States

    The IR Show

Related Organizations

  • Council of Fashion Designers of America, Inc.

    Council of Fashion Designers of America, Inc.

    United States
  • FDRA - Footwear Distributors and Retailers of America

    FDRA - Footwear Distributors and Retailers of America

    United States
  • USFMA - United States Footwear Manufacturers

    USFMA - United States Footwear Manufacturers

    United States
  • Two Ten Footwear Foundation

    Two Ten Footwear Foundation

    United States