Industry Press Release

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

New York, NY (August 16, 2013) — 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


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


“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 with Leonard 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 directto-

retail partnerships in apparel, sporting goods,