VF Corp. has signed an agreement to acquire the trademarks and intellectual property of bankrupt Rock & Republic for $57 million in cash.
The deal does not include the premium denim brand’s operations, retail stores or inventory, meaning Los Angeles-based Rock & Republic Enterprises will be wound down after completion of the transaction. The sale is a jarring return to earth for Michael Ball, the once high-flying chairman and chief executive officer who founded the brand in 2002. Ball, the sole owner, will exit the business.
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