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 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.
State Rep. Dan Ryan Latest Boston Elected To Endorse Santiago For Mayor
Charlestown Representative Joins Growing List of Boston Electeds to Back Jon Santiago for Mayor
Mayoral candidate and South End State Rep. Jon Santiago has earned the endorsement of another Boston legislator, with Charlestown State Rep. Dan Ryan joining the Santiago campaign for mayor this week.
“I’m proud to support Jon Santiago for Mayor and am excited to begin campaigning side by side with him,” said Ryan. “Dr. Santiago is a proven leader of teams, a passionate public servant, and frontline healthcare worker that we need in this moment for our city. Jon is uniquely positioned to lead our city through these challenging times and chart a full and equitable recovery for Boston.”