BlackRock Explores Potential Sale of Stake in Authentic Brands Group, Owner of Sperry
15 hours ago
Investment management giant BlackRock is reportedly in discussions to divest its stake in Authentic Brands Group (ABG), the company behind iconic footwear brand Sperry. This potential move comes amidst a broader trend of private equity firms reassessing their portfolios in today's volatile market environment. ABG, recognized for its vast array of lifestyle and retail brands, has become an attractive asset as consumer trends shift and operational efficiencies take precedence in the market.
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