VF Corp. has made the big-impact acquisitions that Wall Street was waiting for, laying the groundwork to flex muscle in the contemporary sportswear market.
The manufacturing giant said Thursday that it reached agreements to acquire the top premium denim brand, Seven For All Mankind, for an estimated $775 million, and women's active lifestyle company Lucy Activewear for $110 million. The two companies will be the foundation of a new division, VF Contemporary Brands, with combined annual revenues of more than $350 million.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)