Home / Knowledge / News / Apparel/Garments / VF Corp to acquire Timberland for USD 2.3bn
VF Corp to acquire Timberland for USD 2.3bn
Sep '11
VF Corporation, which owns outdoor brands like The North Face and Reef, is acquiring Timberland, known for rugged boots that became a synonym for hip-hop style, for US$ 2.3 billion.

VF Corporation, which has its headquarters in North Carolina in US and is also the owner of Vans footwear and Wrangler Jeans, proposes to fund this acquisition by way of utilizing US$ 500 million in cash from its own capital, US$ 300 million from Timberland's balance sheet, US$ 700 million by raising short-term borrowings that it proposes to repay by close of the current year and US$ 800 million through long-term debts.

Outdoor segment is a preferred choice of apparel labels as it is considered a mode of attracting well-to-do customers whose spending capacity does not get affected by economic volatility, in spite of the fact that most of these buyers never use these apparels near a mountain or a forest.

According to VF's Chief Executive, Eric Wiseman, the new acquisition would boost VF's action and outdoor sportswear sales to 50 percent of its total turnover, making it a US$ 10 billion firm after clubbing VF's expected turnover of US$ 8.4 billion for the current year with Timberland's forecasted revenues of US$ 1.6 billion.

Mr. Wiseman emphasised that VF's China based retail outlets would provide a great opportunity to Timberland to enhance its sales. Analysts hailed VF for its potential of adding new brands to its international supply chain.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Courtesy: Michael Kors

Fashion | On 25th Jul 2017

Michael Kors to acquire Jimmy Choo

Global fashion luxury brand Michael Kors Holdings Limited has reached ...

Apparel/Garments | On 25th Jul 2017

VF Corp posts $2.4 billion revenue for Q2 2017

VF Corporation has recorded revenue of $2.4 billion, up 2 per cent,...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search