Commerce-based Differential Brands Group announced June 27 that it had agreed to acquire a majority stake in Hong Kong’s Global Brands Group Holding for $1.3 billion. Both companies are designers, developers and licensors of apparel products.

The acquisition will be paid in cash and debt financing is being led by New York-based Ares Capital Management, the company said.

Differential Brands owns the Hudson Jeans, Robert Graham and Swims brands. The deal will see the company acquire a significant part of Global Brand’s North American licensing business. The company did not return requests for comment.

Licensed brands under Global Brands include apparel products for Disney, Star Wars, Calvin Klein, Under Armour, Tommy Hilfiger and more.

“It is anticipated that upon closing, Differential Brands will have in excess of $2.3 billion in…annual revenue comprised of branded men’s, women’s, and kid’s apparel,” the company said.

Differential Brands renamed itself in January 2016 after the company previously known as Joe’s Jeans Inc. in downtown acquired the Hudson Jeans brand.

Manufacturing, retail and trade reporter Shwanika Narayan can be reached at snarayan@labusinessjournal.com or 323-556-8351. Follow her on Twitter @shwanika.