219
Fashion Jobs
SHIMANO
Brand Coordinator
Permanent · UPPSALA
L'OREAL GROUP
Pharmacy Representative - Dermatological Beauty Division - Gothenburg Region
Permanent ·
GANT
Business Controller
Permanent · STOCKHOLM
GANT
Senior Business Controller
Permanent · STOCKHOLM
H&M
Operations Manager to h&m Distribution Center Borås
Permanent · BORÅS
H&M
Web Analyst / qa Data Layer Resource
Permanent · STOCKHOLM
H&M
Data Analyst to h&m – Supply Planning
Permanent · STOCKHOLM
H&M
Engineering Manager Sap Platforms, Sap Dev & Tech
Permanent · STOCKHOLM
H&M
Wifi Solution Architect - Network
Permanent · STOCKHOLM
H&M
Cyber Security Iam Manager
Permanent · STOCKHOLM
NAKD
Head of Sales
Permanent · GOTHENBURG
NAKD
Head of Commercial Business Control
Permanent · GOTHENBURG
H&M
Pension & Benefits Administrator And Process Improver
Permanent · STOCKHOLM
H&M
Technical Engineer For Warehouse Devices Management
Permanent · STOCKHOLM
H&M
Junior Planner to h&m Assortment- Open Application
Permanent · STOCKHOLM
RALPH LAUREN
Sales Professional
Permanent · STOCKHOLM
H&M
Advanced User Team Leader
Permanent · ESKILSTUNA
ZALANDO
Principal Product Manager - Data And Platform (All Genders)
Permanent · STOCKHOLM
ESSILORLUXOTTICA GROUP
Key Account Manager Nordics
Permanent · GOTHENBURG
H&M
Production Manager – Singular Society
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Finance & Compliance (All Genders)
Permanent · STOCKHOLM
ZALANDO
Senior Product Manager - Returns Shipping Solutions
Permanent · STOCKHOLM
Ads
Published
Oct 4, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

VF Corp sells Reef to Rockport Group

Published
Oct 4, 2018

Branded lifestyle apparel, footwear and accessories leader, VF Corp, announced on Thursday that it has entered into a definitive agreement to sell the Reef brand, a shoes and clothing brand rooted in surf culture, to The Rockport Group of Newton, Massachusetts.


VF Corp to sell Reef to Rockport Group. - Facebook: Reef Canada


The transaction comes just 2 months after Rockport was purchased by Charlesbank Capital Partners, a middle-market private equity firm.

“Reshaping VF’s brand portfolio to deliver sustainable, long-term growth and superior returns to shareholders remains our top priority,” said VF’s Chairman, President and CEO Steve Rendle

“Today’s announcement is another step toward delivering on the commitments outlined in our multi-year business strategy. We are pleased to have reached this agreement with Rockport. The Reef brand is an iconic, beach lifestyle brand, and Rockport is well-positioned to guide its next phase of growth.”

Industry veteran Gregg Ribatt was brought in by Charlesbank to head the established footwear company.

“Reef is a powerful brand with deep authenticity and an incredibly loyal customer base. We are excited to work with the strong leadership team that has been guiding Reef through its brand evolution and resurgence. We believe in the team’s growth plans across consumer, product and geographic expansion,” said Ribatt.

Rockport said Reef will operate independently and remain headquartered in California. The deal is expected to close this month. Terms of the deal were not disclosed.

VP corp owns brands like Vans, The North Face, Timberland, Wrangler and Lee. The group has ben undergoing planned portfolio changes since 2017, including the sale and acquisition of several brands in the last year.

Copyright © 2024 FashionNetwork.com All rights reserved.