NEW YORK—VF Corp. said Thursday that it had completed its acquisition of Bestform Group Inc.Plans for the deal were first announced in November. Terms were not disclosed, but a VF executive has stated in an interview that VF was paying cash and less than one times sales, based on Bestform’s 1996 revenues of $270 million.The VF-Bestform merger is expected to sweep VF into a face-off with its two prime competitors in the intimate apparel arena: Sara Lee Corp. and The Warnaco Group. Bestform has a well-rounded stable of high-profile bra brands aimed at different distribution channels. Four licensees will place VF’s intimates business in the designer field for the first time: Christian Dior, Natori, Josie and Oscar de la Renta. Bestform’s department store brands are Lily of France, Exquisite Form and Enhance, as well as two sports-bra labels—Gilda Marx and Nautilus. The Bestform and licensed Gitano labels are aimed at discounters.VF, whose product lines include jeanswear, children’s apparel and playwear in addition to intimate apparel, generated revenues of $5.1 billion in 1996, $650.2 million of which was in intimate apparel, including international sales. VF owns the Vanity Fair foundations brand and Vassarette.
The first retrospective of Dior in the U.S. has landed at the Denver Art Museum — and though the exhibition is a continuation of the 70th-anniversary display that bowed in Paris in 2017, “Christian Dior, Couturier du Rêve,” the DAM show offers an entirely new look at the legacy of the house, and its relationship to the world, writes @leighen .
📸: @jamesfloriophotography #wwdeye
Norwegian musician Anna of the North (a.k.a. Anna Lotterud ) has had a rapid rise in the U.S., thanks to her song “Lovers” which was included in this summer’s Netflix hit “To All The Boys I’ve Loved Before.” Next up, a show at Terminal 5. “I’ve never actually done promo or anything in the U.S. before so it’ll be interesting to see,” she tells @leighen . “Because of the Internet I’ve always had American listeners but never been here [playing music].” 📸: @jilliansollazzo #wwdeye