VF Corporation Announces Definitive Agreement to Acquire Altra®, an Athletic and Performance-Based Lifestyle Footwear Brand, From ICON Health & Fitness
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: Business Wire
GREENSBORO, N.C.--(BUSINESS WIRE)-- VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, and ICON Health & Fitness, Inc., a world leader in home, commercial and connected fitness, today announced that they have signed a definitive purchase agreement for the Altra® footwear brand. Terms of the agreement were not disclosed. ICON Health & Fitness launched the Altra® brand in 2011. It is sold in 55 countries through more than 1,600 specialty retail locations and a branded e-commerce platform (www.altrarunning.com). Its specialized, innovative design technology for road, trail, and lifestyle footwear has created a high-growth, award-winning brand with a strong and dedicated enthusiast following. “The acquisition of the Altra® brand is another example of our efforts to reshape and evolve our portfolio of powerful brands to align with our enterprise value c
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