The leading bidder for collegiate sports marketing agency Learfield Communications is now TPG Capital. As the majority stake owner of CAA, TPG plans to merge the two agencies if its rumored $1.2–1.3 billion bid is successful. UBM, LIMA, and Alifish—the licensing and entertainment business unit of Chinese e-commerce giant Alibaba—join forces. In addition to online licensing … [Read more...] about Mergers & Acquisitions
Alibaba
Mergers & Acquisitions
Toys 'R' Us sells the FAO Schwarz brand to California-based toy manufacturer and distributor ThreeSixty Group. ThreeSixty will develop FAO Schwarz-branded toys and retail experiences, to launch next fall. Target partners with Alibaba to sell goods in China via the Tmall ecommerce marketplace. Viacom's Board of Directors forms a Special Committee of Independent Directors to … [Read more...] about Mergers & Acquisitions
Billboard the Latest to Use Private Partners to Expand in China
By Karina Masolova Billboard expands into China with a number of branded media platforms in partnership with Vision Music, a Chinese media company focusing on the entertainment, fashion, lifestyle and sports sectors. Under the agreement, Billboard will provide music content channels via multiple platforms, including print, internet and mobile. The announcement follows … [Read more...] about Billboard the Latest to Use Private Partners to Expand in China
Who’s News
Neil Cole steps down as Chairman & CEO of Iconix Brand Group and is succeeded by board member Peter Cuneo on an interim basis. Cole is staying on with Iconix as a special advisor through Sept. 30. Andy Comer is named VP Creative Services for Tommy Bahama and will develop brand strategies across all channels including licensing, wholesale, retail, e-commerce and … [Read more...] about Who’s News