The company, which did not give a reason for shelving its listing, had agreed in November to sell a stake to private equity firms CVC Capital Partners and HPS Investment Partners in a deal that valued it at $12.7 billion including debt.

The group owns more than 30 brands including Forever 21, Aeropostale, Van Heusen and Bandolino with a retail portfolio spanning across luxury, specialty, department store, mid-tier, mass and e-commerce segments.

Media reports earlier this week said the company had bought a majority stake in former soccer player David Beckham's brand-management company, DB Ventures LLC.

A spokesperson for Authentic Brands on Thursday refuted the reports, saying the company does not currently have a partnership with DB Ventures.

Authentic Brands in July last year had filed to go public, intending to list on the New York Stock Exchange, revealing a strong jump in earnings in 2020.

(Reporting by Manya Saini in Bengaluru; Editing by Shailesh Kuber and Vinay Dwivedi)