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.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)