VF Corp Strikes Deal To Sell 9 Workwear Labels

Tweaking its portfolio once again, VF Corp. on Wednesday said it has a definitive agreement to sell some of its work apparel brands to a subsidiary of holding company Redwood Capital Investments, for an unspecified amount. The transaction is expected to close in the first quarter of fiscal 2022, subject to customary closing conditions and regulatory approvals, according to a company press release. Terms of the agreement were not disclosed. The brands represent the occupational workwear portion of VF’s work segment and include Red Kap, VF Solutions, Bulwark, Workrite, Walls, Terra, Kodiak, Work Authority, and Horace Small, the company said. The sale doesn’t include Dickies or Timberland PRO. Read more at Retail Dive.