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ABG acquires Nautica from VF Corporation

Related Keywords: Aeropostale, Authentic Brands Group, clothing brand, Nautica, retail sales split of 50 percent international and 50 percent domestic and reaching 10 billion dollars in annual retail sales by 2020, Spyder, VF Corporation

Jamie Salter, chairman and CEO of ABG said that, "Nautica comes at an important time in ABG’s development as we are placing a significant emphasis on international business.” The intention is to make Authentic Brands more international, “This acquisition brings us that much closer to our goal of achieving a retail sales split of 50 percent international and 50 percent domestic and reaching 10 billion dollars in annual retail sales by 2020.”

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