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BRIEF-Global Brands Group says unit to sell 49 pct stake in Abg-Frye Llc to ABG
October 3, 2017 / 12:38 AM / 2 months ago

BRIEF-Global Brands Group says unit to sell 49 pct stake in Abg-Frye Llc to ABG

Oct 3 (Reuters) - Global Brands Group Holding Ltd

* Unit Jimlar corp entered into purchase agreement with ABG

* Deal for consideration of us$73 million

* Says unit Jimlar Corp to sell 49% stake in Abg-Frye Llc to ABG for us$73 million (about hk$569 million)

* Expects gain to be about us$68 million from disposal of 49% interest in Frye Brand Ip Source text for Eikon: Further company coverage:

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