Lee Acquired by Authentic Brands Group | Consumer M&A Deal

Authentic Brands Group has acquired Lee, a consumer other business in New York, for $1.5 billion. Lee is a consumer apparel brand with global distribution, and Authentic Brands Group acquisitions aim to strengthen licensing and brand management across retail and e-commerce channels. The Lee acquisition supports Authentic Brands Group’s consumer M&A strategy by expanding its portfolio of consumer brands and accelerating growth in NY acquisitions. The merger acquisition is announced and structured as a strategic acquisition, with deal size reported at $1.5 billion and valuation references also cited at $36 billion.