Authentic Brands, an affiliate of private-equity firm Leonard Green & Partners, will pay $225 million to acquire Lucky Brand denim from parent Fifth & Pacific. Earlier this year, Authentic Brands agreed to acquire the intellectual property of Lucky’s sister brand Juicy Couture for $195 million. Fifth & Pacific, formerly Liz Claiborne, has been paring down its holdings to focus on building the Kate Spade brand. Read The Wall Street Journal story here.