The acquisition combines Williamson-Dickie’s brands, including Dickies, Workrite, Kodiak, Terra, and Walls with VF’s current workwear offerings, including Wrangler RIGGS Workwear, Timberland PRO, Red Kap, Bulwark, and Horace Small to create a global leader in workwear with approximately $1.7 billion in annual revenue that will serve a broader set of consumers and industries around the world.
For 2017, Williamson-Dickie is expected to contribute approximately $200 million of revenue and approximately $0.02 to VF’s earnings per share, excluding transaction and other deal-related expenses. By 2021, Williamson-Dickie is expected to contribute more than $1 billion of revenue, which will accelerate VF’s revenue to over $15 billion and earnings per share to more than $5.00.
"This acquisition has combined two great companies and a group of iconic brands to create a global leader in workwear with approximately $1.7 billion in annual revenue. This is another meaningful step that delivers on the commitment and further demonstrates our focus on being an active portfolio manager to drive transformative growth for VF and value creation for our shareholders," said Steve Rendle, president and chief executive officer of VF. (RR)
Fibre2Fashion News Desk – India
| On 26th Jan 2022
Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...
The use of coal and water for energy in Turkey reduced in 2021, while ...
| On 26th Jan 2022
The Trade Organisation Bill, 2022, aimed at allowing foreign traders...
National Institute of Fashion Technology
Campus placements are low due to lockdowns
Delay in adopting water sustainability both financially & environmentally...
Quality & affordability to affect market acceptability of new fibres
Dhruv Toshniwal & Udit Toshniwal
Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...
<div>Confederation of Indian Textile Industry (CITI) being one of the...
Ser Mekatronik, founded in 2008, is specialised for providing mechanical...
Dr Anup Rakshit
The Indian Technical Textile Association (ITTA) is the only association of ...
UK-based Pireta has developed a unique free-form process to add durable,...
Fitesa is a leader in the nonwoven fabrics industry, specialising in...
Label - Bani Pasricha
An Indian fashion-designer and a recipient of one of the most prestigious...
Label Reynu Taandon + Nikhita
Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...
Label Gaurang Shah
Hyderabad based designer <b>Gaurang Shah</b>, has been traversing the...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.