# Kontoor Brands Completes Lee Sale to Authentic Brands Group By John Kim Canonical URL: https://www.tokenpost.com/news/business/47753 Published: 2026-11-03T14:23:15.000Z Updated: 2026-11-03T14:23:15.000Z Section: Business > The completed sale shifts Kontoor’s focus toward Wrangler and Helly Hansen. Kontoor Brands, Inc. said Tuesday, Nov. 3, that it completed the sale of Lee to Authentic Brands Group, finishing a divestiture that shifts its portfolio toward Wrangler and Helly Hansen. The planned sale was valued at up to $1 billion. The closing completes Kontoor’s [previously covered plan to sell Lee]() and concentrate on Wrangler and Helly Hansen. Kontoor CEO Scott Baxter said he expects the narrower portfolio to support growth and stronger returns for shareholders. ## Links in this article - [previously covered plan to sell Lee](https://www.tokenpost.com/news/investing/47237)