VF Corporation Completes the Sale of Its Licensed Sports Group Business to Fanatics, Inc.
May 01 2017 - 7:00AM
Business Wire
VF Corporation (NYSE: VFC), a global leader in branded lifestyle
apparel, footwear and accessories, today announced that it has
completed the sale of its Licensed Sports Group (LSG) business to
Fanatics, Inc. VF’s LSG business, which includes the Majestic®
brand, supplies apparel and fanwear through licensing agreements
with U.S. and international professional sports leagues and
teams.
The announcement follows the April 4, 2017, news release in
which VF announced that it had entered into a definitive agreement
with Fanatics regarding the sale of this business.
About VF
VF Corporation (NYSE: VFC) outfits consumers around the world
with its diverse portfolio of iconic lifestyle brands, including
Vans®, The North Face®, Timberland®, Wrangler® and Lee®.
Founded in 1899, VF is one of the world’s largest apparel, footwear
and accessories companies with socially and environmentally
responsible operations spanning numerous geographies, product
categories and distribution channels. VF is committed to delivering
innovative products to consumers and creating long-term value for
its customers and shareholders. For more information,
visit www.vfc.com.
About Fanatics
Fanatics, Inc. is a global leader for officially licensed sports
merchandise. Fanatics comprises the broadest online assortment by
offering hundreds of thousands of officially licensed items via its
Fanatics, FansEdge and Kitbag brands, as well as the largest
selection of sports collectibles and memorabilia through Fanatics
Authentic. A multi-channel company, Fanatics operates more than 300
online and offline stores, including the e-commerce business for
professional sports leagues (MLB, MLS, NBA, NFL, NHL, NASCAR, PGA),
major media brands (NBC Sports, CBS Sports, FOX Sports) and more
than 200 collegiate and professional team properties across all
leagues, which include top teams and several global soccer clubs
(NY Giants, Seattle Seahawks, Chicago Bulls, Boston Celtics,
Pittsburgh Pirates, San Jose Sharks, Notre Dame, Alabama,
Manchester United, Real Madrid, Manchester City).
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version on businesswire.com: http://www.businesswire.com/news/home/20170501005184/en/
VF CorporationVanessa McCutchen, 336-424-7776Director, Public
RelationsVanessa_mccutchen@vfc.comorFanatics, Inc.Meier Raivich,
646-787-2819VP, Communicationsmraivich@fanatics.com
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