David Beckham to Sell Stake to Authentic Brands, Daily Mail Says
(Bloomberg) -- David Beckham, the former soccer star, will sell a 55% stake in his company to Authentic Brands Group for about 200 million pounds ($271 million), the Daily Mail reported, without saying where it got the information.
The deal will give Authentic a majority stake in DB Ventures, which handles Beckham’s endorsement deals with Tudor watches and the Haig whiskey brand, the newspaper reported. Authentic owns the Juicy Couture fashion brand.
A spokesman for Beckham declined to comment to the Daily Mail.
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