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Differential Brands Group inks licensing deal for Disney and Star Wars brands; shares quadruple

The US$1.38bn acquisition includes brands like Disney, Star Wars, Calvin Klein and Michael Kors
Darth Vader
The famous brands are expected to bring in more than US$2.3bn in revenue

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.

 

Contact Lenore Fedow at [email protected]

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