Kontoor Brands Completes the Sale of the Lee® Business to Authentic Brands Group
Business Wire•03/11/2026•06:50 ET
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Key Highlights
- ➤Kontoor Brands (KTB) completed the sale of its Lee business to Authentic Brands Group.
- ➤Kontoor says the transaction creates a more focused, growth-oriented portfolio.
- ➤Kontoor expects the focused portfolio to deliver stronger shareholder returns.
Expert Statements
Scott Baxter, Chief Executive Officer and Chairman of the Board of Kontoor Brands
“I want to thank the Kontoor team for the tremendous effort that drove the successful completion of this transaction.”
Scott Baxter, Chief Executive Officer and Chairman of the Board of Kontoor Brands
“We now have a more focused, growth-oriented portfolio positioned to deliver stronger returns for our shareholders.”
Scott Baxter, Chief Executive Officer and Chairman of the Board of Kontoor Brands
“We are grateful to the Lee team for their contributions to Kontoor and wish them well as they write the next chapter of the brand's iconic history.”
Kontoor Brands Completes the Sale of the Lee(®) Business to Authentic Brands Group
Kontoor Brands, Inc. (NYSE: KTB) today announced it has completed the sale of the Lee(®) business to Authentic Brands Group.
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