VF Corporation picks up Altra brand [Seeking Alpha]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: Seeking Alpha
VF Corporation picks up Altra brandVF Corporation (NYSE:VFC) signs an agreement to acquire the Altra footwear brand from ICON Health & Fitness for an undisclosed amount.The Altra brand is sold in 55 countries through more than 1,600 specialty retail locations and a branded e-commerce platform.The Altra brand generated approximately $50M million of revenue on a trailing 12-month basis.The transaction is expected to be completed in April.“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 creation model,” says VF CEO Steve Rendle."The addition of the Altra brand brings to VF a unique and differentiated technical footwear brand and a capability that when applied across VF’s outdoor footwear, direct-to-consumer and international platforms will serve as a catalyst for growth," he adds.Source:Press ReleaseClick to subscribe to real-time analytics on VFCNow read:V.F. Corp.: We May Doub
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- V.F. Co. (NYSE: VFC) had its "neutral" rating re-affirmed by analysts at BNP Paribas. They now have a $14.00 price target on the stock, down previously from $18.00.MarketBeat
VFC
Earnings
- 2/6/24 - Miss
VFC
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- VFC's page on the SEC website