Latest in Authentic Brands Group

Sports Illustrated is undergoing drastic staff cuts. Today, the venerable media outlet trimmed as many as 40 staff members, according to a story in the Wall Street Journal. Employees were told late today that “their positions were being eliminated,” according to the WSJ.  The cuts could represent as many as half of…

Meredith Corp. has sold Sports Illustrated for $110 million to Authentic Brands Group, a global brand development, marketing and entertainment company that manages Juicy Couture, Nautica, and holds the licensing and trademark rights for celebrities such as Marilyn Monroe, Elvis Presley and Muhammad Ali. Under terms of…