Authentic Brands Group to Purchase PVH’s Heritage Brands Business

Paul, Weiss is advising Authentic Brands Group (ABG) in the purchase of PVH Corp.’s intellectual property and other assets of PVH’s Heritage Brands business for approximately $220 million. The transaction includes the IZOD, Van Heusen, ARROW and Geoffrey Beene brand trademarks. New York City-based ABG is a leading brand development, marketing and entertainment company with a portfolio of global media, entertainment and lifestyle brands. PVH is one of the world’s largest fashion companies with a presence in over 40 countries. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions and regulatory approvals.

The Paul, Weiss team includes corporate partner Ted Ackerman; intellectual property partner Claudine Meredith-Goujon; and tax partner Scott Sontag.