BlackRock makes $875 million investment in Sports Illustrated, Nine West, & Juicy Couture - Front Page Live
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BlackRock makes $875 million investment in Sports Illustrated, Nine West, & Juicy Couture

08/12/2019 8:54 am ET
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Photo: Pixabay

BlackRock, a powerful private equity, just became the largest shareholder in Authentic Brands Group, a company that owns Sports Illustrated, Juicy Couture, Nine West, and other brands.

The $875 million deal is the first for BlackRock’s Long Term Private Capital new private-equity fund.

The fund is meant to provide “long-term private ownership” for “strong, stable companies.”

Some analysts believe the lucrative inked deal could alter the landscape of private-equity investing.

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