The deal will see Differential Brands Group, which consists of Hudson, Robert Graham and SWIMS, absorb licenses for Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger, BCBG, Bebe, Joe’s, Buffalo David Bitton, Frye, Michael Kors, Cole Haan, Kenneth Cole and more.
“We are thrilled to join Differential Brands Group and lead our combined platform by leveraging our expansive infrastructure, distribution and sourcing networks to drive growth, and we look forward to working with the Differential management team and Tengram to help support the Company's growth as it capitalizes on promising market opportunities,” says Jason Rabin, president, GBG North America. “We are proud of what we have accomplished since joining Li & Fung in 2009, judiciously expanding the GBG platform and driving profitability, and thank them for their long-standing support and partnership.”
DifferentialBrands Group is expected to gain $2.3 billion in pro forma annual revenue drawn from banded men’s, women’s, and children’s apparel and accessories.
The deal is expected to close in Q3 of this year.
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