Marilyn makes the front page of today’s Financial Times with news about ABG, the licensor for her estate.
“BlackRock has sealed its first major buyout deal, scooping up Authentic Brands, the celebrity and clothing licensing group, as the world’s largest asset manager tries to muscle in on the private equity boom. The asset manager will pay $870m for a controlling stake in New York-based Authentic Brands, which holds the brand rights to Marilyn Monroe … Authentic Brands, which is led by its founder and chief executive Jamie Salter, licenses 50 brands that together generate $9.3bn in annual retail sales, according to the company. Following the deal, BlackRock will be its largest shareholder.”
Thanks to Fraser Penney