Under the terms of the agreement, Sparc intends to purchase substantially all Brooks Brothers' global business operations as a going concern for $305 million. Sparc has also committed to acquiring at least 125 Brooks Brothers retail locations.
Sparc is a full-service retail operator with a multi-brand platform that supports over 2,600 retail stores and shop-in-shops, a robust e-commerce platform, and leading wholesale accounts in North America, South America, Europe, and Asia Pacific. As the dedicated operating partner for the Aéropostale and Nautica brands, Sparc supports over $2.7 billion in global retail sales annually.
Sparc is partially owned by Authentic Brands Group (ABG), a global brand development, marketing, and entertainment company, which owns a portfolio of more than 50 media, entertainment, and lifestyle brands including Aéropostale and Nautica.
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