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VF Corp strikes deal to sell 9 workwear labels

Dive Brief:
Tweaking its portfolio once again, VF Corp. on Wednesday said it has a definitive agreement to sell some of its work apparel brands to a subsidiary of holding company Redwood Capital Investments, for an unspecified amount.
The transaction is expected to close in the first quarter of fiscal 2022, subject to customary closing conditions and regulatory approvals, according to a company press release. Terms of the agreement were not disclosed.
The brands represent the occupational workwear portion of VF s work segment and include Red Kap, VF Solutions, Bulwark, Workrite, Walls, Terra, Kodiak, Work Authority and Horace Small, the company said. The sale doesn t include Dickies or Timberland PRO. ....

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Done Deals: VF Unloads 7 Work Brands

Done Deals: VF Unloads 9 Work Brands + Nobull’s New Equity Partner
FN Staff
Catch all the latest news about footwear industry acquisitions, and licensing and distribution agreements here. Got a deal in the works? Tell us at [email protected].
April 28, 2021: VF Corp. said it is selling the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company. The group of brands includes Red Kap, VF Solutions, Bulwark, Workrite, Walls, Terra, Kodiak, Work Authority and Horace Small. (The sale does not involve the Dickies and Timberland Pro brands.) “The sale of our occupational work brands reflects our continued focus on transforming VF into a more consumer-minded and retail-centric enterprise while further simplifying our portfolio and operating model. We are pleased to have reached this agreement with Redwood Capital Investments. They are an ideal owner to guide these brands and businesses ....

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VF sells off workwear brands - Denver Business Journal

VF sells off workwear brands - Denver Business Journal
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La italiana TeamSystem entra en España con la compra de Billin y Software Del Sol | Compañías

La italiana TeamSystem entra en España con la compra de Billin y Software Del Sol | Compañías
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La italiana TeamSystem entra en el mercado español con la compra de Software Del Sol y Billin

La italiana TeamSystem entra en el mercado español con la compra de Software Del Sol y Billin
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