Kontoor Brands agrees to sell Lee business to Authentic Brands affiliate ABG-Storm LLC
Reuters2026/08/05 10:52- Kontoor Brands entered a deal on May 20, 2026 to sell its Lee business to ABG-Storm, an Authentic Brands Group affiliate.
- The transaction is structured as a sale of all outstanding shares of The H.D. Lee Company to the buyer.
- Lee was presented separately from the rest of the business beginning in the first quarter of fiscal 2026.
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