VF conducts fire sale for contemporary brands
VF Corp.'s (VFC) vast product portfolio will soon be a little smaller.
The manufacturer of brands such as North Face and Timberland announced Thursday, June 30, that it will sell its contemporary brands businesses to Delta Galil Industries Ltd. for $120 million.
Brands included in the transaction are apparel brands 7 for All Mankind, Splendid and Ella Moss, which have been challenged lately due to the sluggish demand for everyday, more basic apparel. VF acquired the three brands from...