May 16, 2023
ABG expands brand territory; Armani will build residences in Dubai.
ABG Reaches Strategic Cooperation with Canadian Shoe Brand Aldo
New York-based American brand management company Authentic Brands Group (hereinafter referred to as "ABG") has signed a long-term license agreement with the well-known Canadian shoe chain brand Aldo Group, which will become a strategic partner of British fashion brand Ted Baker in the United States and Canada.
According to the agreement, Aldo Group will undertake the design, production, and distribution of Ted Baker shoes and handbags through DTC channels (including the official website and global stores).
Beginning with the spring 2024 collection, Aldo will work with Ted Baker's global design team at its London headquarters to develop a collection of premium shoes and handbags "that retain the brand's unique design spirit".
Aldo, founded in 1972, is a fashion footwear and accessories brand. Headquartered in Montreal, Canada, it has more than 1,500 retail outlets in more than 100 countries and regions around the world.
ABG May Acquire British Rain Boot Manufacturer Hunter, With a Valuation of 100 Million Pounds
According to the latest news from Sky News in the UK, American brand management company Authentic Brands Group (hereinafter referred to as "ABG") has become the preferred bidder for Hunter Boots (hereinafter referred to as "Hunter"), a British century-old rain boot manufacturer.
Another source quoted by "Sky News" pointed out that Hunter's transaction valuation may be as high as 100 million pounds, far exceeding expectations.
The insider also added that if the negotiations between ABG and Hunter break down, Baozun, a Chinese e-commerce solution provider that owns Gap’s business in China, and two US brand management companies, Marquee Brands and WHP Global, will still be concerned about the situation and interested in this transaction.
Neither ABG nor Hunter declined to comment.
In January of this year, "Sky News" quoted insiders as saying that Hunter was looking for new investors and was working with AlixPartners, a New York consulting agency, to try to reach a deal.
Armani Group and Tadao Ando Will Launch an Ultra-Luxury Sea-View Residential Project in Dubai
Armani Group, an Italian luxury goods group, announced that its interior design company Armani/Casa Interior Design Studio has established a new partnership with Arada, a well-known developer in the United Arab Emirates, to design residential units and communal facilities for Armani Beach Residences Palm Jumeirah, an ultra-luxury residential project in Dubai.
The Armani Beach Residences Palm Jumeirah project will be designed by Pritzker Prize winner and famous Japanese architect Tadao Ando. The address is located on the outer edge of Dubai's iconic artificial island, arranged in a semi-crescent shape.
The project contains high-end residences, world-class amenities, and luxurious living spaces, hoping to create a compelling visual connection between each residence and the sea so that every resident has the opportunity to enjoy an elegant, efficient, and active lifestyle.