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The retail conglomerate has officially withdrawn the registration that it had made with the US Securities & Exchange Commission for an initial public offering on the 6th of July 2021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

  • Jan
    18
    Jan 18-Jan 19, 2022 | New York, United States

    Première Vision New York

  • Jan
    23
    Jan 23-Jan 25, 2022 | Chicago, United States

    STYLEMAX

  • Jan
    23
    Jan 23-Jan 24, 2022 | Livonia, United States

    Michigan Shoe Market

  • Jan
    26
    Jan 26-Jan 27, 2022 | New York, United States

    Lineapelle New York

Related Organizations

  • NSRA - National Shoe Retailers Association

    NSRA - National Shoe Retailers Association

    United States
  • Brooklyn Shoe Space

    Brooklyn Shoe Space

    United States
  • TUSPM Shoe Museum

    TUSPM Shoe Museum

    United States
  • The Museum at FIT

    The Museum at FIT

    United States