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VF Corp completes acquisition of Icebreaker
04
Apr '18
Courtesy: VF Corporation/Timberland
Courtesy: VF Corporation/Timberland
VF Corporation, one of the world’s largest apparel, footwear and accessories companies, has completed its previously announced acquisition of Icebreaker Holdings, Ltd., a privately held company based in Auckland, New Zealand. As a result, 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 fibre categories,” VF said in a press release.

The Icebreaker brand is expected to be immediately accretive to VF’s earnings per share.

Founded in 1899, VF Corporation outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans, The North Face, Timberland, Wrangler and Lee. (RKS)

Fibre2Fashion News Desk – India


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