Page 13 - Work Authority News Today

Tonight Mostly cloudy skies. A stray shower or thunderstorm is possible. Low 71F. Winds S at 5 to 10 mph. Tomorrow Rain showers in the morning with thunderstorms developing in the afternoon. High 83F. Winds S at 5 to 10 mph. Chance of rain 60%.

July 1, 2021 DENVER — June 28, 2021— VF Corporation, a global supplier of branded lifestyle apparel, footwear and accessories, today announced that it has completed the sale of the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company. The occupational workwear portion of VF’s Work segment includes the following brands: Red Kap®, VF Solutions®, Bulwark®, Workrite®, Walls®, Terra®, Kodiak®, Work Authority® and Ho...

Sunrise: 05:32:23 AM Sunset: 08:05:58 PM Dew Point: 71° Today Scattered clouds with the possibility of an isolated thunderstorm developing during the afternoon. High 89F. Winds SW at 5 to 10 mph. Chance of rain 30%. Tonight Overcast. A stray shower or thunderstorm is possible. Low 71F. Winds SSW at 5 to 10 mph. Tomorrow Thunderstorms likely. High 83F. Winds WSW at 5 to 10 mph. Chance of rain 80%. Locally heavy rainfall possible.

Wolverine Worldwide promoted an employee to its executive leadership team and hired a new global brand president of Sperry.

Done Deals: ABG Is Set to Acquire Eddie Bauer + More FN Staff May 7, 2021: SPARC Group LLC announced that it would acquire Eddie Bauer from the Golden Gate Capital-owned PSEB Group. ABG will own the outdoor brand’s intellectual property, and its core operating business will become part of the SPARC portfolio. The transaction is expected to close by June 1. “The addition of Eddie Bauer introduces a new and highly differentiated expertise to the SPARC organization,” SPARC C...

Fibre2Fashion Toggle navigation 29 Pic: JHVEPhoto / Shutterstock.com VF Corporation, a global leader in branded lifestyle apparel, footwear and accessories, has entered into a definitive agreement to sell the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company. VF Corp is headquartered in Denver, while Redwood is headquartered in Baltimore, both in US. The occupational workwear portion o...

® brands. Commenting on the agreement, VF’s Chairman, President and Chief Executive Officer, 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. We are pleased to have reached this agreement with Redwood Capital Investments. They are an ideal owner to guide these brands and businesses into their next phase of growth...

Dive Brief: 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 workw...

Done Deals: VF Unloads 9 Work Brands + Nobull’s New Equity Partner FN Staff Catch all the latest news about footwear industry acquisitions, and licensing and distribution agreements here. Got a deal in the works? Tell us at web@footwearnews.com. April 28, 2021: VF Corp. said it is selling the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company. The group of brands includes Red Kap, VF Solutions, Bulwark, W...