Kontoor Brands agrees to sell Lee business to Authentic Brands affiliate ABG-Storm LLC

Reuters2026/08/05 10:52

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kontoor Brands Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001760965-26-000051), on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Kontoor Brands agrees to sell Lee business to Authentic Brands affiliate ABG-Storm LLC

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