×
1 873
Fashion Jobs
FOOT LOCKER
Community Marketing Manager
Permanent · London
VF INTERNATIONAL
UK Retail - IT Senior Service Delivery Analyst
Permanent · NOTTINGHAM
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
EUDON CHOI
Production Manager
Permanent · LONDON
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
Published
May 1, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

VF Corp completes sale of Nautica to Authentic Brands Group

Published
May 1, 2018

VF Corporation has completed the sale of its Nautica brand business to Authentic Brands Group, LLC (ABG), owner of brands including Jones New York and Juicy Couture.


The sale is part of VF's active portfolio management - Facebook: Nautica


VF Corp announced the sale in February, saying that the brand was out of line with VF's financial aspirations. At the time, VF Chairman, CEO and President Steven Rendle said in a release, "We came to a point where [Nautica] didn’t necessarily hit all of our strategic touch points financially."

When ABG was revealed as the brand's purchaser in March, Rendle added that the highest priority in VF's global business strategy "is to actively manage our brand portfolio to ensure that its composition positions us to accelerate growth," going on to suggest that ABG would be better positioned to "unlock [Nautica's] value."

Rendle made no additional comment at the completion of the sale today.

Nautica is the latest sale for VF, which sold Jan-Sport in Q4 of last year. As part of its active portfolio management, VF has also been buying new brands, including Icebreaker, Icon Health & Fitness, Inc. and Williamson-Dickie Manufacturing Co., along with its brands Dickies and Workrite.

VF first shed light on its planned portfolio changes in 2017 when it published its second five-year plan in March of last year. The plan set forth strategy and expectations for growth, focusing on e-commerce and Asia.

Specific financial terms of the Nautica sale were not disclosed, although VF recorded a $104 million goodwill write off for Nautica in Q3.
 

Copyright © 2021 FashionNetwork.com All rights reserved.