By  on March 19, 2018

Authentic Brands Group has signed an agreement with VF Corp. to acquire the Nautica brand.

Terms of the deal were not disclosed. The transaction is expected to close in the second quarter, and represents ABG’s largest brand acquisition to date. Once closed, ABG’s brand portfolio will total nearly $7 billion in annual global retail sales. The disclosure of the deal confirms a WWD report on Sunday.

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