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Authentic Brands Group puts IPO on hold

Authentic Brands Group (ABG), the parent company of Forever 21, Barneys New York and Nine West, has put its plans for an IPO on hold as it secured new investment. Funds from CVC Capital Partners (CVC) and HPS Investment Partners (HPS) have signed definitive agreements to purchase significant equity stakes in the company, valuing the group at...

24 Nov 2021