Forever 21 owner ABG completes £250m Brooks Brothers deal

Brooks Brothers

Authentic Brands Group (ABG) and Simon Property Group have completed their $325m (£249m) acquisition of Brooks Brothers.

ABG, which owns a host of other fashion brands including Forever 21, Aéropostale and Barneys New York, said it was “thrilled” to add Brooks Brothers to its stable.

It plans to focus on growing Brooks Brothers’ ecommerce proposition as part of its blueprint to rejuvenate the embattled brand. 

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