Centric Brands Acquires Maker of Ugg, Lululemon and Cole Haan Cold-weather Accessories

Centric Brands is expanding its operations with the acquisition of select assets of Fownes Brothers & Co. As part of the deal, the brand management firm purchased operations, assets, and intellectual property pertaining to the design, development, sourcing, production, sales, and distribution of existing product lines in the cold-weather accessories category from Fownes Brothers. Terms of the deal were not disclosed. More from WWD As part of the acquisition, Centric Brands will assume key licenses inclu ...