Authentic Brands, owner of the Volcom, Airwalk, and Vision Street Wear boardsports brands, is to list on the NYSE.
ABG has grown into a portfolio of more than 30 sports, apparel and celebrity brands since its foundation in 2010 by Jamie Salter. The company gets most of its revenue from licensing fees from a business that turns over $14 billion in annual sales. In 2020, ABG had a net income of $225 million and a total revenue of $489 million. Revenue for the three months ended March 31 rose 32 percent to $160 million. In the previous year, ABG was valued in the range of $4 billion to $5 billion- when BlackRock purchased a 30 percent stake in the company in 2019.