Drake Reportedly Set To Sell 50% Stake Of OVO (October’s Very Own) Brand To Authentic Brands Group

Hip Hop star Drake and his OVO (October’s Very Own) are preparing to be in partnership with licensing giant Authentic Brands Group, according to Puck. While discussions remain ongoing, the potential transaction signals how far OVO has evolved beyond music into a global lifestyle enterprise.

Founded as an extension of Drake’s creative vision, OVO has grown into one of the most recognizable artist-led fashion brands in the world. The Toronto-based imprint built its reputation through premium streetwear, limited releases, and strategic collaborations. Partnerships with the National Hockey League, National Football League, and Looney Tunes have expanded the company’s reach beyond music.

Authentic Brands Group would bring extensive licensing expertise to any partnership. The company oversees major consumer brands, including Champion, Sports Illustrated, and Reebok. Its portfolio also includes the intellectual property rights of cultural icons such as Shaquille O’Neal, Marilyn Monroe, Elvis Presley, and Muhammad Ali.

Industry analysts view Authentic as a leader in brand expansion, licensing, and retail distribution. A partnership could unlock new opportunities for OVO across apparel, footwear, entertainment, and international merchandising.

Neither side has disclosed financial terms, and no valuation has been confirmed. However, OVO’s sustained growth, strong consumer loyalty, and global recognition suggest the company could command a significant price.

For Drake, the talks represent more than a potential investment. They underscore OVO’s transformation from a music-affiliated clothing label into a major cultural business. 

If a deal materializes, it could become one of the most significant corporate transactions tied to an artist-owned brand and position OVO for its next phase of worldwide expansion.