The completion of sale follows the June 30, 2016 announcement by VF that it had entered into a definitive agreement with Delta Galil regarding the sale of these businesses.
The acquisition is projected to add over $300 million in apparel marketer Delta Galil's top line annual sales and is expected to be accretive to Delta Galil's earnings in 2017.
Founded in 2000, 7 For All Mankind offers a full range of denim lifestyle products plus sportswear, footwear, eyewear, handbags, belts and kids that complement its core business. Its products are distributed globally through high-end department stores, its own retail locations and a robust e-commerce channel.
Splendid is known for its luxury knit products using soft fabrics, sexy fit and modern styling. Ella Moss is an ultra-feminine knit tops and dresses collection featuring print and pattern-driven products in bright colours.
VF will continue to have some large brands in its diversified portfolio. These include The North Face, Vans, Timberland, Wrangler, Lee and Nautica. (RKS)
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