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Fast-growing apparel brand owner VF Corporation plans to spin off its Wrangler and Lee denim business into a second listed company. Dubbed NewCo for now, it would be a global leader in the denim category as well as incorporating the VF Outlet operations.…
Authentic Brands Group has bought the Nautica business from VF Corporation. The new owner, which lists Marilyn Monroe, Elvis Presley, Muhammad Ali, Greg Norman, Aeropostale, Juicy Couture and Frederick’s of Hollywood among an extensive portfolio, will take…
US apparel group VF Corp. is on a mission to divest its Nautica brand, saying the decision to sell met the “held-for-sale and discontinued operations accounting criteria”. VF Corp. bought Nautica Enterprises Inc. in 2003 for $586 million. The company, which…
US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in…
Hip denim lifestyle brand 7 for All Mankind has been sold along with two sister brands. VF Corporation says it has sold its Contemporary Brands businesses to Tel Aviv-based Delta Galil Industries. The other brands are Splendid and Ella Moss. VF chairman and…
Adding more products and international brands to its portfolio, online fashion retailer Myntra India aims to grow its outdoor and sports range revenue by 20 per cent over the next 15 months. Owned by Flipkart, the company earns about 15 per cent of its…
