U.S EQUIPMENT, EXPERTS ARRIVE AT KENYA EBOLA FACILITY DESPITE COURT ORDER, PROTESTS. (PHOTO).

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 U.S equipment, experts arrive at Kenya Ebola facility despite court order, protests Around 20 flights carrying medical equipment and specialist staff have landed at a base in Kenya where the U.S. ​government is continuing to build an Ebola quarantine facility despite protests and Kenyan court orders blocking it, according to flight data and officials. At least two ‌people have been killed in protests in the central Kenyan town of Nanyuki, home to the Kenyan air force base where the U.S. military is building a 50-bed unit for Americans who might be exposed to the virus, which has infected hundreds in Democratic Republic of Congo and Uganda. A Kenyan court first ordered work on the Ebola facility to be suspended on May ​28, yet U.S. military flights into Nanyuki continued in the days that followed, according to data from flight-tracking service Flightradar24. The planes have brought in technical ​equipment as well as dozens of physicians, engineers, lab experts and construction work...
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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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