Today (September 27, 2023), Jamie Salter’s Authentic Brands Group announced that they have chosen Costa Mesa’s Liberated Brands as the licensee for several of their recently purchased Boardriders brands.
In the deal, Liberated will run retail and e-commerce ops for Quiksilver, Billabong, Roxy, RVCA, Honolua and Boardriders in the US and Canada. They will also act as the official licensee for the Billabong, RVCA, and Honolua brands. The press release makes it seem like they’ve reached outside Authentic Brands to do a licensing deal, when it’s actually more of an inside play. ABG owns a rather large chunk (officially a “minority stake”) of Liberated Brands so they’re basically licensing the brands to themselves while building in a little distance. Here’s how Nick Woodhouse explains it:
“We are thrilled to expand our partnership with Liberated,” said Nick Woodhouse, President and CMO at Authentic. “As evidenced by their focus on the growth of Volcom and Spyder, Liberated’s unwavering commitment to innovation and community engagement makes them the ideal partner to take on Billabong, RVCA and Honolua, as well as the retail operations for the best lifestyle brands inspired by skate, surf and snow. Together, we look forward to implementing our strategic vision for growth and expanding the brands’ presence in the US and Canada.”
Yes, your own business usually makes a great “partner.” Sorting out the facts of this announcement are well above our pay grade, but let’s just say it is always entertaining to see how these businesses shuffle things around. Side note: if you’re a graphic designer, Liberated is looking for a few good people to shape the vision for the brands moving forward. For the official release, click the link.
[Link: Authentic Brands Group]
