Authentic Brands Group plans to let "Reebok be Reebok" after acquiring the sneaker brand from Adidas on March 1, ABG founder and CEO Jamie Salter told Axios' Richard Collings during Thursday's"We're going to focus very big on the classic entertainment fashion side and the other 50% on the athletic side," Salter said.
He added that he expects the company to grow to $6 billion in revenue from $4 billion next year, and to $10 billion within five years. Salter claims ABG is the country's largest licensing business behind Disney, owning brands that range from JCPenney to Elvis Presley to Sports Illustrated.Salter says consumers continue to spend, despite inflation concerns and limited product supplies.
ABG was "on the one yard line, ready to pull the trigger" on its IPO, before private equity arrived with an offer the company and its shareholders couldn't refuse.Looking ahead, ABG is looking at opportunities in the kids sector.
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What Microsoft's Activision acquisition means for 'metaverse' plansMicrosoft's $68.7 billion Activision acquisition is crucial for the company to expand its 'metaverse' plans — here's what that means Guys? The metaverse isn't going to happen. Just like VR didn't happen. 微软以687亿美元收购Activision，对于该公司扩大其“metaverse”计划至关重要——这意味着什么 You can see it coming a mile away. You will not log in, you will jack in, work and play, everyone on Earth. You're in the game.
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