Live Nation Acquires Trunk

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Live Nation said Friday that it has bought the remaining stake of licensing company Trunk Ltd. from that firm’s founder, Brad Beckerman.


Beckerman, who was named president and chief creative officer of merchandising at Live Nation last summer when Live Nation bought a majority stake in the Culver City-based licensing company, left the company to pursue other interests, according to a statement.


Terms of the deal were not disclosed.


The Beverly Hills-based venue owner and operators also promoted Marc Choper to the position of president and CEO of Trunk, which is known for its classic rock inspired T-shirts. Choper was previously Trunk’s executive vice president and chief operating officer.


Shares in Live Nation were down 31 cents to $20.81 Friday in afternoon trading on the New York Stock Exchange.

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