Kontoor Brands, Inc. Aktie News

Kontoor Brands, Inc. is divesting the Lee brand for up to $1 billion. Lee has been KTB's weakest brand and has consistently reported declining sales and earnings. The transaction values a weak brand at a good multiple. The focus shifts to Helly Hansen and Wrangler, both of which look to grow KTB's earnings well.

GREENSBORO, N.C.--(BUSINESS WIRE)--The Coors Banquet x Wrangler Collection, available starting May 28th, will feature 23 unique pieces, including men's and women's apparel and caps.

The limited-edition denim transforms Rice's new song into a one-of-a-kind wearable using Banquet-infused ink, turning the collaboration into both a fashion release and the song's world premiere Key Summary Bullets Coors Banquet and Wrangler reunite for their third collaboration, celebrating their shared Western heritage with a limited-edition apparel collection. Longtime Coors Banquet fan and a...

The sale is initially for $750 million and includes $250 million in potential future payment based on the performance of Lee.

Kontoor Brands ​said on Thursday it had ‌agreed to sell its Lee denim brand for up to $1 billion to ​Authentic Brands Group, as the ​apparel maker pushes to streamline ⁠its operations and focus investment ​on higher-growth brands such as Wrangler.

NEW YORK, May 21, 2026 /PRNewswire/ -- Authentic Brands Group (Authentic), a global brand and entertainment platform, today announced a definitive agreement to acquire Lee, one of the most recognized and enduring names in global denim, from Kontoor Brands, Inc. (NYSE: KTB). As the owner of some of the most iconic and beloved sports, fashion, media and entertainment intellectual property in the ...

GREENSBORO, N.C.--(BUSINESS WIRE)---- $KTB--Kontoor Brands, Inc. (NYSE: KTB) today announced it has signed a definitive agreement to sell the Lee® business to Authentic Brands Group (Authentic) for up to $1 billion, including an initial transaction value of $750 million and a $250 million earnout opportunity in future years based on the performance of Lee under Authentic's ownership. The transa...

Kontoor Brands NYSE: KTB said it plans to divest its Lee brand, marking a major portfolio shift as the company seeks to focus resources on Wrangler and Helly Hansen following its first-quarter 2026 results.