Authentic Brands Group, LLC Completes Purchase of Spyder Active Sports, Inc.

 Authentic Brands Group, LLC Completes Purchase of Spyder Active Sports, Inc.

Strategic License Partnership with LF USA Positions Premium Outdoor Apparel
Company For Continued Long-Term Success

PR Newswire

NEW YORK, Aug. 16, 2013

NEW YORK, Aug. 16, 2013 /PRNewswire/ --Authentic Brands Group, LLC (ABG)
announced today the acquisition of Spyder, a premium, globally recognized
outdoor ski and snow brand. Spyder represents the first outdoor and winter
sports brand in ABG's growing portfolio.

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In connection with the acquisition, ABG and LF USA have entered into a
partnership that establishes LF USA as the exclusive licensee partner in
North, South, and Central America, Europe, the Middle East and Africa for all
current in-market and footwear products bearing the Spyder brand. In addition,
LF Asia will act as lead agent to identify best-in-class partnerships for the
brand in all product categories in the Asia Pacific market.

"We are thrilled to announce the addition of Spyder to our growing portfolio
of brands," said Jamie Salter, CEO of Authentic Brands Group, LLC. "Spyder is
widely known and highly respected throughout the outdoor community as one of
the most technical and fashionable brands in the winter sports market. We
look forward to working closely with LF USA and Spyder management to maintain
and grow Spyder's presence both on and off the mountain."

Spyder, which started as a small mail order business in 1978, has become one
of the largest ski-specialty brands in the world through authentic product
offerings and attention to understanding the intricate function, features and
fashions the outdoor and ski-lifestyle consumer demands. With headquarters in
Boulder, Colorado, the company is known as a premium brand in winter sports
with its success in building the finest apparel for winter sport enthusiast
with an active lifestyle. Spyder is the official supplier to the US Ski Team,
a relationship established in 1989. In addition, the Canadian Alpine Ski Team
has been outfitted by Spyder since 2002.

"This will elevate and streamline our current business while opening the door
to expand the brand's reach into new markets. Our team's creativity and vision
knows no bounds. Technical superiority, great design, and excellent finishing
are not limited to the mountain and we are excited to show what is now
possible with ABG and LF USA in our corner," said Tom McGann, CEO of Spyder
Active Sports, Inc.

"This is a truly global brand. It has extremely strong brand equity and an
iconic brand mark that is instantly recognized and elicits and inspires a
sense of elite technical performance, trust and forward-thinking fashion among
an extremely savvy consumer," said Dow Famulak, Chief Executive Officer of LF
USA and LF Europe at Li & Fung, Limited. "Spyder provides strong building
blocks from which to grow a far-reaching brand and we are confident that
between our expertise and resources, ABG's vision and Spyder's deep category
understanding, we have a team that will enable Spyder to not only meet, but
exceed consumer expectations."

About Authentic Brands Group, LLC
Authentic Brands Group, in partnership withLeonard Green& Partners, is an
intellectual property corporation with a mandate to acquire, manage and build
long-term value in prominent consumer brands. Headquartered in New York City,
ABG's mission is to further enhance brand equity through partnering with
best-in-class licensees and direct-to-retail partnerships in apparel, sporting
goods, action sports, home, celebrity, entertainment and consumer electronics.
ABG brands includeMarilyn Monroe®, Judith Leiber®, Adrienne Vittadini®, Taryn
Rose®, Hickey Freeman®, Hart Schaffner Marx®, Palm Beach®, Misook®, Spyder®,
Prince®, Ektelon®, Viking®, Bobby Jones®, TapouT® and Sportcraft®.

About Spyder Active Sports, Inc.
Spyder is one of the largest specialty ski brands in the world. It is an
Official Supplier to the U.S. Alpine and Canadian Alpine Teams. Spyder
products integrate high-technology fabrication, sport-specific function, and
fashion conscious designs. Based in Boulder, CO, the company sells high
performance outerwear and sportswear in the United States, Canada and more
than 50 countries outside of North America.

About Li & Fung Limited
Li & Fung Limited (SEHK:494), the Hong Kong-headquartered multinational group,
is recognized as the world's leader in consumer goods design, development,
sourcing and distribution. It manages the supply chain for retailers and
brands worldwide with over 300 offices and distribution centers in more than
40 economies spanning across the Americas, Europe, Africa and Asia. Through
its three interconnected Business Networks – Trading, Logistics and
Distribution – the Group offers a spectrum of services that covers the entire
supply chain end-to-end. Corporate website:

CONTACT: Zach Perles, 212-760-2410

SOURCE Authentic Brands Group, LLC
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