Kontoor Brands Sells Lee Denim Brand to Authentic Brands Group for up to $1 Billion
Kontoor Brands (NYSE: KTB) has agreed to sell its iconic Lee denim brand to Authentic Brands Group in a deal valued at up to $1 billion. The transaction includes an initial payment of $750 million and a potential earnout of $250 million based on future performance.
Tickers: $KTB
Topics: Authentic Brands Group Kontoor Brands Lee business sale