Authentic Brands Group Signs Definitive Agreement to Acquire Lee®
Kontoor Brands has signed a definitive agreement to sell its Lee brand to Authentic Brands Group. The transaction is subject to regulatory approval and is expected to close in the second half of 2026. Lee generates approximately $1.5 billion in annual retail-equivalent sales across 73 countries, with nearly 40% of sales coming from outside the US and Canada.
Key figures
- Lee countries
- 73
- Lee international sales pct
- 40%
- Lee annual retail equivalent sales
- $1.5 billion
AI analysis
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