Kontoor Brands, Inc. - 8-K Filing
Kontoor Brands agreed to sell its Lee business to Authentic Brands Group for $750 million in cash at closing plus an additional $250 million earnout over five years. The transaction is expected to close by mid-2026 and will be used primarily for debt reduction and potential shareholder returns. (Items: 1.01 Entry into a Material Definitive Agreement, 7.01 Regulation FD Disclosure, 9.01 Financial Statements and Exhibits)
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