VF Corporation enters to sell the Reef brand to the Rockport Group

|By:, SA News Editor

VF Corporation (NYSE:VFC) to sell the Reef brand to The Rockport Group of Newton, Massachusetts. Terms of the agreement were not disclosed.

Reef will operate as an independent global brand under The Rockport Group, and will maintain its Carlsbad, California, headquarters.

The transaction is expected to close this month.

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