Crypto World
Private-Equity Firms Sell Care Bears to Authentic Brands Group
Private-equity firms IVEST Consumer Partners and Cloverlay have sold the Care Bears brand of plush toys and related rights to Authentic Brands Group.
Authentic Brands, a company focused on entertainment, sports and media, owns intellectual property that generates more than $36 billion in annual retail sales. The Care Bears operation, run under IVEST by Cloudco Entertainment, is on track to exceed $750 million in retail sales by the end of this year.
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