Who Owns Champion?
Champion is owned by Authentic Brands Group, a New York-based brand management company that acquired Champion from HanesBrands in October 2024 for $1.2 billion. Champion operates as a standalone brand under ABG's portfolio while maintaining its heritage in athletic and casual sportswear.
Parent Company
Authentic Brands Group
Acquired
2024
Status
Private
Headquarters
Winston-Salem, North Carolina, USA
Who Owns Champion?
- Parent Company: Authentic Brands Group
- Ownership Type: Wholly owned
- Acquisition Year: 2024
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Champion | Authentic Brands Group | Wholly owned |
History of Champion
- Founded: 1919
- Founders: Feinbloom brothers
- Acquired by Authentic Brands Group: 2024
Champion was founded in 1919 by the Feinbloom brothers in Rochester, New York, as the Knickerbocker Knitting Company. The company initially produced sweatshirts and other athletic wear, establishing itself as a supplier of team uniforms and athletic apparel for colleges and universities. This founding vision demonstrated exceptional insight into the growing demand for quality athletic apparel while establishing a distinctive brand identity that would define sportswear for generations.
Throughout the 1920s and 1930s, Champion expanded its product lines and became known for innovative athletic wear designs. The company introduced the first reversible T-shirt and developed the sweatshirt as we know it today, establishing itself as a pioneer in athletic apparel manufacturing. This period of innovation demonstrated Champion's exceptional ability to create functional athletic wear while establishing a competitive advantage in the emerging sportswear market.
In 1989, Sara Lee Corporation acquired Champion, bringing the brand under corporate ownership and expanding its global reach. Under Sara Lee's ownership, Champion grew into a major international sportswear brand with presence in multiple markets. This corporate ownership provided Champion with the resources necessary for global expansion while maintaining its core brand identity and athletic heritage.
In 2024, Authentic Brands Group acquired Champion from HanesBrands (which had previously acquired Champion from Sara Lee), marking the beginning of a new chapter in the brand's history under ABG's brand management expertise and licensing-focused business model. This strategic acquisition demonstrated Authentic Brands Group's exceptional ability to identify heritage brands with strong brand equity while providing the resources necessary for brand revitalization and continued growth in the competitive sportswear market.
About Authentic Brands Group
What does Authentic Brands Group own?
ABG owns over 50 brands including Reebok, Champion, Guess (majority stake, January 2026), Dockers (acquisition agreed May 2025), Forever 21, Juicy Couture, Nautica, Quiksilver, Billabong, DC Shoes, Roxy, RVCA, Element, Sports Illustrated, and entertainment licensing rights for Marilyn Monroe, Elvis Presley, and Muhammad Ali, among others.
Is Authentic Brands Group publicly traded?
No. ABG is a privately held company and has not pursued a public listing as of February 2026. The company has been valued at over $20 billion in private funding discussions.
Who founded Authentic Brands Group?
ABG was founded in 2007 by Jamie Salter, who serves as Chairman and CEO. Salter built the company through acquisitions of heritage consumer brands and the development of a licensing-based business model.
Where is Authentic Brands Group headquartered?
ABG is headquartered in New York City, New York.
How does Authentic Brands Group make money?
ABG earns royalties from licensees who manufacture and sell products under ABG's brand names. Licensees pay royalties calculated as a percentage of net sales. ABG does not manufacture products or hold inventory directly.
What is ABG's most recent major acquisition?
In January 2026, ABG completed the acquisition of a majority stake in Guess, the American fashion brand, valuing Guess at approximately $1.4 billion. Prior to that, in May 2025, Levi Strauss agreed to sell the Dockers brand to ABG for $311 million.
- Founded: 2007
- Headquarters: New York City, New York, USA
- Company Type: Privately Held
Where Is Champion Made / Based?
- Headquarters: Winston-Salem, North Carolina, USA
- Manufacturing / Operations: Global manufacturing network, Asia (primary production), Americas, Europe
Brands Owned by Authentic Brands Group
- Billabong - Australian surf lifestyle brand specializing in apparel, equipment, and accessor...
- DC Shoes - American action sports brand specializing in skateboarding and snowboarding foot...
- Element Skateboards - American skateboard company founded in 1992, manufacturing skateboard decks, app...
- Forever 21 - American fast fashion brand owned by Authentic Brands Group; the U.S. retail ope...
- Nautica - American apparel brand specializing in nautical-inspired clothing, outerwear, an...
- Quiksilver - Australian surf lifestyle brand specializing in apparel, equipment, and accessor...
- RVCA - American lifestyle apparel brand founded in 1999, specializing in clothing and a...
- Sports Illustrated - American sports media brand encompassing magazine, digital platforms, and multim...
- Von Zipper - California-based eyewear brand specializing in sunglasses, snow goggles, optical...
Champion Ownership: Pros & Cons
Advantages
- +Strong brand heritage and recognition in athletic apparel
- +Focus on core strengths under ABG's brand management expertise
- +Access to global licensing and distribution partnerships
- +Established presence in both athletic and casual wear markets
- +Iconic status in hoodies and sweatshirts category
Considerations
- -Competition from major athletic brands like Nike and Adidas
- -Need to balance athletic heritage with fashion trends
- -Dependence on licensing partners for manufacturing and distribution
- -Market challenges in highly competitive apparel industry
- -Brand positioning between performance and casual segments
Frequently Asked Questions About Champion
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Champion
No direct competitors found in the same category. This could be because Championoperates in a unique market segment or we're still building our competitor database.
Jobs at Authentic Brands Group
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