Following this acquisition, SYoung Group’s portfolio of luxury beauty brands has expanded to three.

ABG Group’s global annual retail revenue reached $29 billion.

Founded in 1951 in the coastal town of Varberg, Sweden, Tenson AB is an outdoor and lifestyle brand deeply rooted on the west coast of Sweden.

General Atlantic first partnered with ABG in October 2017, and with this transaction, their total investment in ABG has reached nearly $2 billion.

ABG announced that The Batra Group and Marc Fisher Footwear are the core partners for the Hunter brand in key geographic markets.

According to another source cited by Sky News, the valuation of the Hunter deal could reach as high as £100 million, significantly surpassing initial expectations.

Vince stated that its net sales for the 2022 fiscal year increased by 10.8% YoY to $357.4 million.

According to the terms of the transaction, WHP Global will acquire the Bonobos brand for $50 million, while EXPR will acquire Bonobos’ operating assets for $25 million and assume related liabilities.

Scotch & Soda and its products will continue to thrive in major markets, including the Netherlands, thanks to this acquisition.

WHP’s brand portfolio in three verticals has generated over $6.5 billion in global retail sales.