NEW YORK – November 10, 2026 -- Centric Brands CEO Jason Rabin has taken a majority stake in the lifestyle brand portfolio after completing its sale to a new investor group. The group comprises Axar Capital Management, M-Cor Capital, MSP Sports Capital and Group President Jarrod Kahn. The announcement did not include a transaction value.
Current management stays in place as ownership changes
Rabin remains CEO, and Centric's current management team will continue to run the company. Outgoing Board Chairperson Marc Schneider said he worked with Rabin, Kahn and the team over the last five years.
Centric has put more than $25 million into global sourcing
The company says it has invested more than $25 million in its global sourcing operation. It also operates distribution centers totaling 2.7 million square feet across California and New Jersey. Centric is rolling out Centric IQ, an internal AI platform, across its global teams.
Centric plans to keep expanding into new brands, products and categories under the new ownership.
Three platforms drive the business model
Centric runs three platforms:
- Centric Powered: an operating engine that handles brand building, design, manufacturing, distribution, support and brand protection for brand owners.
- Centric Ventures: a partnership platform in which founders keep creative direction while Centric supplies financial support, operations and backend infrastructure.
- Centric Collective: an ownership engine that acquires and manages brand IP.
MSP Sports Capital points to growth on the sports side
MSP Sports Capital CEO Jeff Moorad said Centric has the scale, strategy and operating discipline to keep growing across brands, categories and markets. He added that MSP is joining "particularly as the company continues to grow on the sports side."
Asia footprint reaches 18 offices across 8 countries
Centric employs more than 2,600 people across 26 offices in North America, Europe and Asia. Eighteen of those offices are in eight Asian countries, where continued investment is deepening its presence after the company's build-out across Europe.
Its portfolio spans more than 100 licensed and owned brands. They include Calvin Klein, Coach, Dockers, Gap, Michael Kors, Tommy Hilfiger, UGG and Under Armour, plus entertainment names Disney, Marvel, Paramount and Universal.
Rabin and Kahn have held their roles since Centric's founding in October 2018. Kahn has served as Group President of Accessories since then.
Jefferies and Solomon Partners advised on the deal
Jefferies LLC was exclusive financial advisor to management, with Pryor Cashman LLP as legal counsel. Solomon Partners advised the seller group, with Latham & Watkins LLP as legal counsel. Sidley Austin LLP advised Axar, Gibson, Dunn & Crutcher LLP advised M-Cor, and Morgan, Lewis & Bockius LLP advised MSP Sports Capital.