Authentic Brands Group Acquires Intellectual Property of Fashion Brand Vince

Retail
Written By Rick Watson

Authentic Brands Group is a global brand development, marketing and entertainment platform.

Vince, established in 2002, is a leading global luxury apparel and accessories brand best known for creating elevated yet understated pieces for every day effortless style.

Authentic Brands Group is one of the largest brand licensing firms in the world and its own by Jamie Salter.  Vince sold this for $76 million dollars to ABG, but still holds a 25% interest in the new entity.  While Vince will pay an ongoing royalty fee to the new IP owner, it will also receive 25% of the cash generated by the business.  If you’ve ever watched Shark Tank, this is one of those deals that Mr. Wonderful would love.

Retail Dive: Authentic Brands Group strikes deal to acquire Vince’s intellectual property

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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