Last September, Eric Wiseman closed the biggest deal in VF Corp.’s 113-year history, acquiring The Timberland Co. for $2.3 billion. The purchase added $1.6 billion in annual sales to VF’s top line, pushing total revenues to $10 billion and making it the largest apparel manufacturer in the world.
Wiseman, chairman and chief executive officer of Greensboro, N.C.-based VF, calls the acquisition “transformative,” as it gives the group a major boost in global footwear, as well as a big jump on its five-year plan, outlined last March. The deal further cements VF’s transformation into a portfolio of powerful lifestyle brands—including The North Face, Vans, Nautica and Reef—many of which are anchored in the dynamic outdoor and action sports space.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"