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Mega brand management company Authentic Brands Group is going public.
Details: That's the company that owns the rights to dozens of brands, like Brooks Brothers, Forever 21 and Aeropostale.
Why it matters: ABG picked up many of its brands in bankruptcy auctions. Bankrupt retailers are popular targets for brand management companies.
- Competitors Marquee Brands and WHP Global also recently picked up Sur La Table and Toys “R” US, respectively.
- Brand management companies profit from the royalties generated by all the sales.
Catch up quick: ABG is now the third-largest licensor in the world, per 2019 retail sales.
- Disney is the largest, followed by Meredith Corporation.
Editor’s note: This story has been updated to reflect the brands that Authentic Brand Group owns.