Women’s Wear Daily
04.16.2014
fashion-features
fashion-features

VF, Nautica Tie Knot And Shoot for $1B Sportswear Business

VF Corp. completed its deal to acquire Nautica Enterprises on Wednesday for a total consideration of roughly $600 million. Here’s what’s next.

fashion-features/news
Most Recent Articles In Fashion Features
Most Recent Articles In Fashion Features
Varvatos also disclosed he is looking to open a freestanding women’s store in SoHo, near where the existing store is located.

Wiseman said Varvatos “can be a really big and important apparel brand in this country and we’re discussing with [the designer] how we can get it there.”

The merger makes Nautica a wholly owned subsidiary of VF. Nautica’s stockholders will receive $17 cash per share from VF. The firm also completed the purchase of David Chu & Co.’s rights to receive 50 percent of the net royalty income from licensing the Nautica trademark.

VF said the acquisition could add profits of 5 cents to 8 cents a share this year. Accordingly, overall earnings are slated to rise by 5 to 7 percent compared with the income of $3.24 created by ongoing operations in 2002.

Nautica could add at least 10 cents a share to the firm’s 2004 earnings.
Page:  « Previous
VIEW ARTICLE IN ONE PAGE
load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

ArticleFinder

Fashion


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or