IVEST Consumer Partners and Cloverlay Announce Sale of Care Bears to Authentic Brands Group
Transaction follows significant global licensing growth, retail expansion and commercial development of the iconic brand
IVEST Consumer Partners and Cloverlay today announced the sale of Care Bears to Authentic Brands Group, a leading global sports, media, entertainment and lifestyle platform that owns some of the world’s most iconic and beloved intellectual property. Authentic’s brands generate more than $36 billion in annual systemwide retail sales worldwide.
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IVEST and Cloverlay acquired Care Bears in 2023 from the Weiss family, sole owners of the brand for more than 40 years. IVEST and Cloverlay were selected as stewards of the brand with a mandate to unlock the commercial potential of one of the world’s most recognized and enduring character properties.
