Drake Considering Sale of 50% Stake in OVO Brand to Authentic Brands Group
Rapper Drake is reportedly exploring the sale of a 50% stake in his lifestyle brand October's Very Own (OVO) to Authentic Brands Group (ABG), a global licensing and brand development company. The potential deal could significantly expand OVO’s reach through ABG’s extensive network, which includes over $36 billion in annual retail sales across more than 50 brands.
Tickers: $ABG
Topics: Brand Licensing Fashion Music Industry