Differential Brands Group Inc (NASDAQ:DFBG) shares have nearly quadrupled following the US$1.38bn acquisition of a significant part of Hong Kong-based Global Brands Group Holding Ltd’s North American licensing business.
The billion-dollar deal includes licensed brands such as Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger, BCBG, Michael Kors and more. The big-name brands are expected to bring in anticipated revenue of more than US$2.3bn.
The all-cash deal is expected to close in the third quarter of 2018.
Prior to the deal, DBG’s apparel brands included Hudson Jeans, Robert Graham and SWIMS.
Shares of the California-based company jumped more than 290% to US$3.51.