Johnstone Supply Approves Definitive Conversion Agreement with Redwood Capital Investments streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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July 1, 2021
NASHVILLE, Tenn. June 29, 2021 Workwear Outfitter™, formerly VF Workwear, completed its sale to Redwood Capital Investments, LLC.
“We are excited to begin this new chapter as the leader in workwear apparel and footwear. We’ve built a portfolio of strong brands that have excelled for more than 100 years, but we believe that the best is still ahead of us,” said Chris Holcombe, CEO of Workwear Outfitters. “Our partnership with Redwood is a great match that allows us to significantly invest in our current brands and to expand into new areas. We are still firmly committed in our purpose to Champion and empower workers who make our world work better.”
July 1, 2021
DENVER June 28, 2021 VF Corporation, a global supplier of branded lifestyle apparel, footwear and accessories, today announced that it has completed the sale of the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company.
The occupational workwear portion of VF’s Work segment includes the following brands: Red Kap®, VF Solutions®, Bulwark®, Workrite®, Walls®, Terra®, Kodiak®, Work Authority® and Horace Small®.
The sale does not include the Dickies® and Timberland PRO® brands.
The announcement follows the April 28, 2021, news release in which VF announced that it had entered into a definitive agreement regarding the sale of this business. Terms of the agreement were not disclosed.
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