VF Corp Purchases Dickies for $820M
VF Corp, the apparel and footwear maker of Timberland and Wrangler clothing, announced on Monday it would buy Williamson-Dickie Mfg. Co, the parent company of Dickies and Workrite workwear.
According to Reuters, VF Corp will purchase the company for about $820 million. As a result, VF Corp anticipates its 2017 revenue to rise 3.5 percent to $11.85 billion. The company also expects the purchase to add 2 cents to its earnings forecast.
Hannah Abrams is the senior content editor for Promo Marketing. In her free time, she enjoys coming up with excuses to avoid exercise, visiting her hometown in Los Angeles and rallying for Leonardo DiCaprio to win his first second Academy Award.
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