Authentic Brands Group (ABG), the parent company of notable brands such as Reebok, Champion, and Brooks Brothers, is gearing up for an initial public offering (IPO) within the next 12 months. Founder Jamie Salter announced that Matt Maddox, who previously served as CEO of Wynn Resorts, will take over as CEO, allowing Salter to focus on his role as executive chairman. In this new capacity, Salter will concentrate on long-term strategies and mergers and acquisitions, while Maddox will oversee daily operations and drive growth. Salter expressed confidence in the company's future, stating, "I will continue to be laser-focused on driving strategic, transformational opportunities that will position our peerless company for continued growth." Authentic Brands has been preparing for a public offering for years, previously filing to go public twice but ultimately deciding against it due to attractive buyout offers. With $38 billion in retail sales and a portfolio of over 50 brands, including partnerships with celebrities like Shaquille O'Neal and David Beckham, the company is poised for significant expansion.