KEY POINTS
  • Authentic Brands Group is preparing for an initial public offering that could come as soon as this summer, according to a person familiar with the matter.
  • Authentic Brands — which owns businesses including Juicy Couture, Brooks Brothers, Aeropostale and Forever 21 — is targeting a valuation of about $10 billion in its IPO, said the person.
  • The official registration statement for the public offering is expected to be filed by Authentic Brands in early July, and shares could begin trading by the end of that month.
People enter a Forever 21 store at a shopping mall in Montebello, California on September 30, 2019 a day after the fashion retailer filed for Chapter 11 bankruptcy protection.
Frederic J. Brown | AFP | Getty Images

The retail conglomerate Authentic Brands Group is preparing for an initial public offering that could come as soon as this summer, according to a person familiar with the matter.

Authentic Brands — which owns businesses including Juicy Couture, Brooks Brothers, Aeropostale and Forever 21 — is targeting a valuation of about $10 billion in its IPO, said the person, who requested anonymity because the discussions remain private. At $10 billion, that would mean Authentic Brands' market value would surpass that of Under Armour, Kohl's, Ralph Lauren and Dick's Sporting Goods. However, the size of the deal could change since it isn't finalized.