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VF concludes acquisition of lucy activewear
27 Aug '07
1 min read
VF Corporation, a global leader in lifestyle branded apparel, announced that it has completed its previously announced acquisition of lucy activewear inc.
With approximately $57 million in annual revenues, Portland, Oregon-based lucy is a rapidly-growing women's active lifestyle brand. Founded in 1999, the brand is sold through a base of 50 owned retail stores and online.
"We are delighted to welcome lucy's 680 associates to VF," said Mackey J. McDonald, Chairman and Chief Executive Officer.
"The lucy brand is healthy and growing, with a rapidly expanding base of stores. We look forward to working with lucy's talented management team as they continue to execute the brand's exciting growth strategy."
As previously indicated, Mike Edwards, current Chief Executive Officer, and his team will continue to lead the business from lucy's headquarters in Portland.
"With VF's extensive resources, lucy can take its customer experience to a new level in innovative product offerings, additional stores and outstanding customer service," commented Edwards.
With approximately $57 million in annual revenues, Portland, Oregon-based lucy is a rapidly-growing women's active lifestyle brand. Founded in 1999, the brand is sold through a base of 50 owned retail stores and online.
"We are delighted to welcome lucy's 680 associates to VF," said Mackey J. McDonald, Chairman and Chief Executive Officer.
"The lucy brand is healthy and growing, with a rapidly expanding base of stores. We look forward to working with lucy's talented management team as they continue to execute the brand's exciting growth strategy."
As previously indicated, Mike Edwards, current Chief Executive Officer, and his team will continue to lead the business from lucy's headquarters in Portland.
"With VF's extensive resources, lucy can take its customer experience to a new level in innovative product offerings, additional stores and outstanding customer service," commented Edwards.
VF Corporation
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