Authentic Brands Group is in exclusive negotiations to purchase the Missoni brand, according to sources. If things go according to plan, a deal is expected to be completed by the end of the year.

Authentic, the New York-based owner of Reebok, Champion and other high-profile brands, declined to comment.

The Missoni family owns 58.8 percent of the shares of the company while an investor, Fondo Strategico Italiano, bought a 41.2 percent stake in 2018. The line is designed by Alberto Caliri, a third-generation member of the Missoni family. Angela Missoni, daughter of the late founders Tai and Rosita, is the president of the company while her brother Luca is in charge of special events and exhibitions.

The Missoni company, led by chief executive officer Livio Proli, had no comment Tuesd

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