Headlines

VF Corp. to Sell ‘Work’ Segment

Several apparel brands will be sold to Redwood Capital Investments LLC

Published

3 years ago

April 28, 2021

VMSD Staff

VF Corp. to Sell ‘Work’ Segment — Timberland, one of the brand's owned by VF Corp. Photography: John Muggenborg, Brooklyn, N.Y.

Timberland, one of the brand’s owned by VF Corp. Photography: John Muggenborg, Brooklyn, N.Y.

VF Corp. (Denver) announced in a company press release that it will be selling its Work apparel segment to a subsidiary of Redwood Capital Investments LLC (Hanover, Md.).

The brands, which are primarily occupational workwear lines, include VF Solutions, Terra, Kodiak, Red Kap, Bulwark, Workrite, Walls, Horace Small and Work Authority. The company’s Dickies and Timberland Pro brands are not part of the sale.

The transaction is expected to close during 2022’s first quarter, according to a company press release.

The Chairman, President and CEO of VF, Steve Rendle, said, “The sale of our occupational work brands reflects our continued focus on transforming VF into a more consumer-minded and retail-centric enterprise while further simplifying our portfolio and operating model.”

VMSD Staff

Drawing on more than 125 years of history serving the retail design market, VMSD magazine provides retail professionals with the most up-to-date, innovative retail design ideas and industry news through its industry-leading magazine, website, social media channels and bulletins.

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