LADY CRIES OUT AFTER BOYFRIEND ALLEGEDLY REFUSED TO SEND HER BUSINESS MONEY BECAUSE SHE SAID ARSENAL WOULDN’T WIN THE LEAGUE. (PHOTO).

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 Lady cries out after boyfriend allegedly refused to send her business money because she said Arsenal wouldn’t win the league A lady has sparked reactions online after sharing how her boyfriend allegedly refused to send her money for business restocking after Arsenal F.C. won the Premier League. According to her, the issue started after she jokingly told him she did not like Arsenal and believed they would not win the league because she preferred Chelsea and disliked the club’s colours. She claimed her boyfriend then jokingly said if Arsenal eventually won, he would no longer send her business money. Thinking it was banter, she ignored it until she later reached out for funds to restock goods, only for him to remind her of the bet and refuse to send the money. The lady said she eventually returned home with little after spending hours waiting, jokingly warning women to avoid “football emotional men.”
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KONTOOR BRANDS AGREES TO SELL LEE DENIM LABEL TO AUTHENTIC BRANDS GROUP IN DEAL WORTH UP TO $1 BILLION. (PHOTO).

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 Kontoor Brands agrees to sell Lee denim label to Authentic Brands Group in deal worth up to $1 billion

Kontoor Brands has agreed to sell its Lee denim label to Authentic Brands Group in a deal that could reach up to $1 billion, with closing expected in the second half of the year, the companies said Thursday.

The transaction includes an upfront payment of $750 million, along with a potential additional $250 million earnout tied to Lee’s future performance under its new ownership. Kontoor’s board unanimously approved the sale, which shifts Lee into a licensing-based model once the deal is completed.

The decision marks an exit from Kontoor’s effort to revive the long-standing denim brand, which the company recently placed on the market after an internal review of its portfolio. Analysts had broadly anticipated a lower valuation, making the final price higher than expected and surprising some industry observers.

Following the sale, Kontoor will focus on its remaining brands, including Wrangler and outdoor label Helly Hansen. Executives said Lee had become a distraction from the company’s core growth strategy, noting that the brand required sustained investment to remain competitive.

Lee, which was previously part of VF Corp before Kontoor was formed in 2018, generates roughly $1.5 billion in annual retail-equivalent sales across more than 70 countries, with the majority coming from North America. Under Authentic Brands Group, the label will transition to a licensing structure, with plans to partner with operators to expand its reach across lifestyle categories, content, and brand experiences.


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