V.F. CorporationNYSE
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  • Apr. 12, 2013, 5:07 PM

    Fifth & Pacific's (FNP +1.5%) Lucky Brand and Juicy Couture labels are attracting interest from P-E firms and strategic buyers including VF Corp. (VFC), Bloomberg reports. Lucky likely would fetch the higher price of ~$400M; gross margin expanded as its sales jumped 10% last year to $461M. It is not clear if the brands would be sold together or separately.

    | Apr. 12, 2013, 5:07 PM
  • Apr. 5, 2013, 8:50 AM
    Takeover offers for Billabong (BLLAY.PK) have come in lower than anticipated, according to the Australian Financial Review. Sycamore Partners entered a bid of A$0.60 per share while U.S. retailer V.F. Corp (VFC) came in at A$0.50 per share.
    | Apr. 5, 2013, 8:50 AM
  • Jan. 14, 2013, 8:01 AM

    In a statement confirming its participation in a bid for Billabong (BLLAY.PK), V.F. Corp. (VFC) says its primary interest in the transaction is the Billabong surfwear brand. The company is quick to note the proposal is not a binding offer.

    | Jan. 14, 2013, 8:01 AM
  • Jan. 14, 2013, 7:24 AM
    Billabong (BLLAY.PK) says it received a competing buyout offer from a group of U.S. investors that includes V.F. Corp. (VFC). The Australian surfwear company will take six weeks to evaluate the competing bids it has in front of it.
    | Jan. 14, 2013, 7:24 AM
  • Jul. 3, 2012, 6:39 AM

    Privately-held J Brand hires Morgan Stanley to help it explore the possibility of going public with an IPO or selling itself. Potential bidders for the maker of women's jeans that are found at many large department stores include Jone Group (JNY), VF Corp. (VFC), G-III Apparel Group (GIII), and Li & Fung.

    | Jul. 3, 2012, 6:39 AM
  • Jun. 13, 2011, 10:23 AM
    Usually it doesn't work this way: VF Corp. (VFC +10.8%) soars after its $2B deal for Timberland (TBL +42.9%). The M&A rule of thumb - the stock price of the buyer gets pounded over worries that the price paid is too high - has come undone lately because Wall Street is welcoming industry consolidation on hold since the crisis. Footwear peers: SHOO +1.9%, DECK +1.7%. SKX +0.6%.
    | Jun. 13, 2011, 10:23 AM
  • Jun. 13, 2011, 7:14 AM

    VF Corp. (VFC) to buy Timberland (TBL) for $43/share, for a total enterprise value of ~$2B net of cash acquired. The deal is expected to be accretive to VF's EPS by $0.25 in 2011 and by $0.75 in 2012, inclusive of deal costs. (PR)

    | Jun. 13, 2011, 7:14 AM