BlackRock LTPC Makes Strategic Investment in Authentic Brands Group
Leading brand management firm partners with the world’s largest money manager to enter its next phase of global growth and platform evolution
NEW YORK–(BUSINESS WIRE)–BlackRock, Inc. announced today that entities affiliated with its Long Term Private Capital (LTPC) strategy have made a strategic investment in Authentic Brands Group (ABG), owner of a portfolio of iconic and world-renowned brands. LTPC will become the largest investor in ABG and will work closely alongside its management, led by founder, Chairman and CEO James Salter and President and CMO Nick Woodhouse. LTPC joins existing ABG investors including founding investor Leonard Green & Partners, General Atlantic, Lion Capital, Simon Property Group, Brookfield Properties’ retail group and Shaquille O’Neal.
ABG has experienced significant growth since it was founded in 2010 and is now a world-leading brand development, marketing and entertainment company. The Company’s portfolio of over 50 brands generates close to USD $10 billion in annual worldwide revenue in more than 70 countries. ABG’s portfolio spans the luxury, specialty and mid-tier retail channels in both e-commerce and brick and mortar, and is diversified across the lifestyle, sports, celebrity, entertainment and media sectors. The ABG portfolio includes brands such as Marilyn Monroe, Elvis Presley, Muhammad Ali, Shaquille O’Neal, Greg Norman, Thalia Sodi, Neil Lane, Nautica, Aéropostale, Vince Camuto, Nine West, Juicy Couture, Frye, Spyder, Prince and Judith Lieber. ABG’s recent acquisition of Sports Illustrated, one of the most respected names in sports media, highlights the Company’s ability to expand a cultural centerpiece across digital, TV and social platforms and represents their increasing desire to converge content and commerce.
“The strategic investment by LTPC is a testament to the success we have had building a leading platform for the ownership and development of brand and media content,” said Jamie Salter, Chairman and CEO at ABG. “We believe BlackRock’s scale, global footprint and digital capabilities will enable us to build out our organization and continue our domestic and international growth trajectory. This investment marks an important and exciting next phase of expansion for ABG.”
“ABG is an innovator in the licensing and branding industry. We have built a close relationship with Jamie and Nick over the past ten years as they’ve established this company as a leader in the licensing industry by successfully capitalizing on trends and continuing to innovate in the evolving consumer space. They have built a best-in-class business model and grown it with flawless execution,” said Colm Lanigan, Managing Director in the Long Term Private Capital team. “We believe there is substantial growth still ahead for ABG and look forward to partnering with Jamie and Nick to build a global platform that brings together the worlds of fashion, health and wellness, sports, culture and entertainment.”
“We are delighted to have ABG as LTPC’s first investment,” added André Bourbonnais, Global Head of Long Term Private Capital. “ABG represents exactly the type of high-quality business run by a proven management team that we target with our investment strategy. ABG will have the full support of the LTPC team, our operating partners and the BlackRock platform. We look forward to a long and prosperous relationship.”
BofA Merrill Lynch acted as the exclusive financial advisor to LTPC.
About BlackRock LTPC
BlackRock Long Term Private Capital is an innovative private equity strategy focused on partnerships with best-in-class businesses, prudent capital structures to preserve optionality to drive growth and flexible investment durations that enable compounded capital appreciation. LTPC’s team of 19 professionals is based in New York and London and invests globally with a focus on North America and Western Europe. LTPC is backed by BlackRock, Inc., the world’s leading investment firm, which manages more than $6.84 trillion on behalf of investors worldwide, including over $170 billion across alternative asset classes. Further information is available at www.blackrock.com .
BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, our clients turn to us for the solutions they need when planning for their most important goals. As of June 30, 2019, the firm managed approximately $6.84 trillion in assets on behalf of investors worldwide. For additional information on BlackRock, please visit www.blackrock.com/corporate | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock .
About Authentic Brands Group
Authentic Brands Group (ABG) is a brand development, marketing and entertainment company, which owns a portfolio of global media, entertainment and lifestyle brands. Headquartered in New York City, ABG elevates and builds the long-term value of more than 50 consumer brands and properties by partnering with best-in-class manufacturers, wholesalers and retailers. Its brands have a global retail footprint in more than 100,000 points of sale across the luxury, specialty, department store, mid-tier, mass and e-commerce channels and more than 4,930 freestanding stores and shop-in-shops around the world.
ABG is committed to transforming brands by delivering compelling product, content, business and immersive experiences. It creates and activates original marketing strategies to drive the success of its brands across all consumer touchpoints, platforms and emerging media. ABG’s portfolio of iconic and world-renowned brands generates $9.3 billion in annual retail sales and includes Marilyn Monroe®, Mini Marilyn®, Elvis Presley®, Muhammad Ali®, Shaquille O’Neal®, Sports Illustrated®, Dr. J®, Greg Norman®, Neil Lane®, Thalia®, Michael Jackson® (managed brand), Nautica®, Aéropostale®, Juicy Couture®, Vince Camuto®, Herve Leger®, Judith Leiber®, Frederick’s of Hollywood®, Nine West®, Frye®, Jones New York®, Louise et Cie®, Sole Society®, Enzo Angiolini®, CC Corso Como®, Hickey Freeman®, Hart Schaffner Marx®, Adrienne Vittadini®, Taryn Rose®, Bandolino®, Misook®, 1.STATE®, CeCe®, Chaus®, Spyder®, Tretorn®, Tapout®, Prince®, Volcom®, Airwalk®, Vision Street Wear®, Above The Rim®, Hind®, Thomasville®, Drexel® and Henredon®. For more information, visit authenticbrandsgroup.com . Follow ABG on Twitter , Linkedin and Instagram . Contacts
(USA-MA-Braintree) Massage Therapist – Part Time
Job Information Massage Envy Massage Therapist – Part Time in Braintree , Massachusetts
Are you ready to focus on doing what you love in a place that helps you feel and deliver your best?
Massage Envy is the leader in accessible massage and skin care. As a massage therapist at our Braintree franchised location,* you’ll join a team that’s passionate about helping people feel their best through total body care. And you have a meaningful role to play in that mission as you:
Combine your expertise and artistry along with our protocols and modalities to design customized services that meet the individual needs of each client.
Build relationships with members and guests to help them pursue their total body care goals.
Deliver an amazing, safe, and therapeutic experience with every service.
Here’s what’s in it for you:
The difference you’ll make in clients’ lives is the biggest reward for any massage therapist, but our environment lets you enjoy more of what you love about your work. We take care of overhead costs and supplies, marketing, and building your book of business so you can focus on performing as many massages as you want. And with the repeat clientele that our membership model provides, you’ll get to see the long-term impact your services make for members.
And the perks don’t stop there. We support and inspire you to be your best inside and outside the treatment room with:
Benefits that help you take care of you Employer Paid Health/Dental Insurance, Paid Time off and free services to help you take care of you. (learn more hiring process)
A healthy compensation plan that rewards your hard work that rewards your hard work with base pay of $18/service hour with adjustment for experience/education.
A dedication to self-care with an education program that helps managers understand the physical impact of your work and gives you the tools to prolong the career you love.
Continuing education with 12+ free CEs every year.
A commitment to safety and providing a therapeutic, healing environment for you and Massage Envy members and guests.
As a team, we’re committed to offering excellent professional services that help clients do more of the things they love. Your role and the work you do every day is at the very heart of our mission. This includes:
Performing quality, therapeutic bodywork that meets clients’ needs within scope of practice and licensing guidelines as applicable in our state.
Customizing massage services within Massage Envy’s policies, protocols, and approved modalities to craft truly personalized sessions.
Safeguarding the client experience, maintaining client confidentiality and upholding our commitment to safety.
Embracing the Massage Envy core values of optimism, gratitude, excellence, consistency and empathy.
Protecting our workplace culture by recognizing and supporting team goals and building positive relationships with team members.
We only succeed together, so we’re looking for people with the passion and experience to be amazing. Those who thrive in this role are:
Well-skilled professionals who have a minimum of 500 hours of massage therapy school under their belts and a certificate of completion. You’ll also need to meet the licensing requirements for massage therapy in our state and be able to pass a background and reference check with flying colors.
Thirsty for knowledge, seeking continuing education to build on their modality mastery (which must include Swedish and deep tissue massage)
Clear communicators who can effectively identify each client’s needs, set clear expectations, and stay connected to the client throughout the session to achieve the goals of each service.
Total body care champions who can recommend follow-up visits and additional services and products as needed to help clients pursue their wellness goals.
Great teammates who show up on time ready to jump in wherever needed to get the job done.
We Believe Our Differences Make Us Better
We’re excited to hear from everyone with the skills, experience, and passion to do a great job regardless of race, color, religion, gender, sexual orientation, national origin, genetics, disability, age, or veteran status.
If you’re ready to bring your healing skills to a place where you can focus on doing what you love, we can’t wait to meet you.
*Massage Envy Franchising, LLC (“MEF”) is a national franchisor of independently owned and operated franchised locations. Each individual franchised location, not MEF or any of its affiliates, is the sole employer for all positions posted by a franchised location, and each individual franchised location is not acting as an agent for MEF or any of its affiliates. Hiring criteria, benefits and compensation are set by each individually owned and operated franchised location and may vary from location to location.
Job ID: 2019-72694