Authentic Brands to buy 55% stake in David Beckham brand for $271M - Reports

January 3, 2022 1:40 PM EST

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Authentic Brands is planning to buy a 55% stake in David Beckham brand for $271 million, according to earlier reports from the Daily Mail.

Authentic Brands, which owns retail brands including JCPenney and Forever 21, filed for an IPO in July but later pulled those plans. The company is now targeting an IPO in 2023 or 2024.

Authentic Brands had planned to list on the NYSE under the ticker 'AUTH'.

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