The sale of Ex Numero Uno to Authentic Brands Group by Adidas for €2.1 billion ($2.4 bb) has now closed, both companies confirmed, with a majority of the cash purchase price having been transferred. The Big a promised to return proceeds from the sale to its shareholders, and will increase its share repurchase plan by €1.5 billion through the third quarter of 2022. It has already bought back €1 billion of its stock between Jan. 10 and Feb. 22, completing the first tranche of a plan to repurchase €4 billion through 2025.

Over the past few months, ABG has been aggressively ... Log in to view full article.