VF Corporation Completes Acquisition of Icebreaker®
April 03 2018 - 6:00PM
Business Wire
VF Corporation (NYSE: VFC), a global leader in branded lifestyle
apparel, footwear and accessories, today announced that it has
completed its previously announced acquisition of Icebreaker
Holdings, Ltd., a privately held company based in Auckland, New
Zealand. As a result of the transaction, Icebreaker Holdings has
become a wholly owned subsidiary of VF Corporation. Terms of the
agreement were not announced.
The acquisition of Icebreaker ® is an ideal complement to VF’s
Smartwool ® brand, which also features Merino wool in its clothing
and accessories. Together, the Smartwool ® and Icebreaker ® brands
will position VF as a global leader in the Merino wool and natural
fiber categories.
The Icebreaker® brand is expected to be immediately accretive to
VF’s earnings per share.
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20180403006595/en/
VF CorporationJoe Alkire, 336-424-7711VP, Investor Relations and
Financial Planning & AnalysisJoe_alkire@vfc.comorCraig Hodges,
336-424-5636Senior Director, Corporate
CommunicationsCraig_hodges@vfc.com
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