Kontoor Brands Sells Lee Denim Brand to Authentic Brands for $1 Billion
Kontoor Brands has agreed to sell its Lee denim brand to Authentic Brands Group in a deal valued at up to $1 billion. The transaction includes an upfront payment of $750 million and a performance-based contingent amount of $250 million, pending regulatory approval expected by year-end 2026.
Topics: Corporate Strategy Denim Industry Fashion