VF Completes Premium Denim Acquisition
This Site:en.yinlu.net Source:en.yinlu.net Writer: Time:2007-09-01
The company said in July it would acquire the company along with Lucy Activewear Inc. for a combined $885 million. The Lucy acquisition closed on Monday. The brands will form a new VF unit, VF Contemporary Brands. Mike Egeck currently Seven For All Mankind chief executive, will serve as president of VF Contemporary Brands. VF expects Contemporary Brands will have 2007 revenue of $125 million. The effect on earnings is expected to be neutral in 2007.
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