Authentic Brands Group Acquires Majority Stake in Drake's OVO Brand

SummaryAuthentic Brands Group has acquired a 51% majority stake in Drake’s lifestyle brand OVOCo-founder Drake retains a 44% stake while Vince Holding Corp takes a 5 percent share and global licensing rightsThe strategic partnership plans to expand OVO's U S retail footprint and launch wholesale distribution in 2027Authentic Brands Group has officially acquired a 51% majority stake in the intellectual property of October’s Very Own (OVO). The deal partners the global brand management platform wi...