David Beckham sells half his brand to Authentic Brands Group

Former soccer star David Beckham has agreed to sell half of his brand management company DB Ventures to licensing company Authentic Brands Group, and in turn, Beckham will become a shareholder in ABG. ABG's portfolio has grown significantly in recent years and now includes more than 30 brands. CNBC's Senior Retail Reporter Courtney Reagan talks exclusively to David Beckham and ABG CEO Jamie Salter about the deal and what it means for investors.