Nautica has better expansion opportunities overseas, where it is an upscale, aspiration reputation.
Claire’s plans to file its pre-negotiated plan of reorganization in April.
Claire’s said it has the support of most of its debt holders, and plans to exit bankruptcy in September 2018.
ABG’s Jamie Salter talks future plans for Nautica and its acquisition pipeline.
The deal between ABG and VF Corp. is said to close by the end of the second quarter.
Rendle became VF’s ceo on Jan. 1, 2017, and chairman in October 2017.
The company said it saw increases in all business segments during the fourth quarter.