Authentic Brands Group expects IPO in next 12 months, founder says

• Authentic Brands Group (ABG) expects to go public via an IPO within the next 12 months.
• The company targets growing annual retail sales from $37 billion to $100 billion over the next five years.
• Growth will be fueled by focusing on large M&A deals and strategic partnerships globally.

Authentic Brands Group (ABG) founder Jamie Salter announced plans for an Initial Public Offering (IPO) within the next 12 months. The company aims for substantial growth, projecting an increase in annual retail sales from $37 billion to $100 billion over the next five years, driven by M&A and strategic partnerships.