Authentic Brands Group (ABG) has completed its acquisition of Spyder, a popular ski and snow brand. Spyder is the first outdoor and winter sports brand in ABG's portfolio. The purchase price was not disclosed. Some of ABG's other brands include Marilyn Monroe, Judith Leiber, Taryn Rose, Hickey Freeman, Bobby Jones and Misook.
Spyder started as a small mail order business in 1978. It has since gown to become one of the largest ski-specialty brands in the world. Spyder is the official supplier to the US Ski Team, a relationship established in 1989.
Jamie Salter, CEO of ABG, said in a statement, "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."