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Kontoor Brands, Inc.KTB · Nov 6, 5:09 PM ET

Kontoor completes $750.0 million sale of Lee brand to Authentic Brands

Kontoor Brands completed the sale of its Lee brand and business to an affiliate of Authentic Brands Group on November 2, 2026, receiving about $698.2 million in cash after adjustments, with up to $250.0 million in possible earnout payments.

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