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<\/div>\n\/\/<\/span> Authentic Brand Group has snapped up the intellectual property of footwear retailer Hunter<\/h6>\n\/\/\u00a0<\/span>The Ted Baker owner will outsource the retailer\u2019s designs and operations<\/h6>\nTed Baker owner Authentic Brands Group has acquired the intellectual property of footwear retailer Hunter.<\/p>\n
The group confirmed on Friday it had snapped up the brand for an undisclosed sum after moving into pole position as preferred bidder. Sky News previously reported that the deal could value the retailer as much as \u00a3100m.<\/p>\n
As part of the deal, the group has expanded its partnership with The Batra Group which will become the core licensee of the label in the UK and Europe.<\/p>\n
Subscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span><\/p>\nBatra will be responsible for designing and producing the retailer\u2019s footwear, apparel and accessories, as well as operate its branded retail stores, wholesale distribution and ecommerce in the territories.<\/p>\n
Meanwhile, Marc Fisher Footwear will become the core licensee for the brand\u2019s US operations.<\/p>\n
Authentic chief executive Jamie Salter said: \u201cWe are excited to finalize the acquisition of Hunter, an original footwear and outerwear pioneer.<\/p>\n
\u201cAt the intersection of fashion and outdoor, Hunter introduces another elevated global brand to Authentic\u2019s diverse Lifestyle portfolio.<\/p>\n
\u201cWe are also pleased to expand our relationships with two long-standing Authentic partners, Batra Group and Marc Fisher\u2026 we will look forward to working with them and our greater partner network to continue growing the Hunter brand.\u201d<\/p>\n
Hunter was put up for auction in March after it secured a \u00a37m funding lifeline\u00a0with existing shareholders injecting \u00a35m into the business and lenders contributing a further \u00a32m.<\/p>\n
Ted Baker owner Authentic Brands Group has acquired the intellectual property of footwear retailer Hunter.<\/p>\n
The group confirmed on Friday it had snapped up the brand for an undisclosed sum after moving into pole position as preferred bidder. Sky News previously reported that the deal could value the retailer as much as \u00a3100m.<\/p>\n
As part of the deal, the group has expanded its partnership with The Batra Group which will become the core licensee of the label in the UK and Europe.<\/p>\n
Subscribe to Retail Gazette for free<\/strong><\/h5>\nSign up\u00a0here\u00a0to g<\/span>et the latest news straight into your inbox each morning<\/span><\/p>\nBatra will be responsible for designing and producing the retailer\u2019s footwear, apparel and accessories, as well as operate its branded retail stores, wholesale distribution and ecommerce in the territories.<\/p>\n
Meanwhile, Marc Fisher Footwear will become the core licensee for the brand\u2019s US operations.<\/p>\n
Authentic chief executive Jamie Salter said: \u201cWe are excited to finalize the acquisition of Hunter, an original footwear and outerwear pioneer.<\/p>\n
\u201cAt the intersection of fashion and outdoor, Hunter introduces another elevated global brand to Authentic\u2019s diverse Lifestyle portfolio.<\/p>\n
\u201cWe are also pleased to expand our relationships with two long-standing Authentic partners, Batra Group and Marc Fisher\u2026 we will look forward to working with them and our greater partner network to continue growing the Hunter brand.\u201d<\/p>\n
Hunter was put up for auction in March after it secured a \u00a37m funding lifeline\u00a0with existing shareholders injecting \u00a35m into the business and lenders contributing a further \u00a32m.<\/p>\n
Batra will be responsible for designing and producing the retailer\u2019s footwear, apparel and accessories, as well as operate its branded retail stores, wholesale distribution and ecommerce in the territories.<\/p>\n
Meanwhile, Marc Fisher Footwear will become the core licensee for the brand\u2019s US operations.<\/p>\n
Authentic chief executive Jamie Salter said: \u201cWe are excited to finalize the acquisition of Hunter, an original footwear and outerwear pioneer.<\/p>\n
\u201cAt the intersection of fashion and outdoor, Hunter introduces another elevated global brand to Authentic\u2019s diverse Lifestyle portfolio.<\/p>\n
\u201cWe are also pleased to expand our relationships with two long-standing Authentic partners, Batra Group and Marc Fisher\u2026 we will look forward to working with them and our greater partner network to continue growing the Hunter brand.\u201d<\/p>\n
Hunter was put up for auction in March after it secured a \u00a37m funding lifeline\u00a0with existing shareholders injecting \u00a35m into the business and lenders contributing a further \u00a32m.<\/p>\n