Reef will accomplish as an absolute all-around cast beneath The Rockport Group, and will advance its Carlsbad, California, headquarters. The transaction, which is accepted to aing in October 2018, is accountable to accepted closing altitude and authoritative approvals for a closing to occur. Terms of the acceding were not disclosed.
“Reshaping VF’s cast portfolio to bear sustainable, abiding advance and above allotment to shareholders charcoal our top priority. Today’s advertisement is addition footfall against carrying on the commitments categorical in our multi-year business strategy. We are admiring to accept accomplished this acceding with Rockport. The Reef cast is an iconic, bank affairs brand, and Rockport is well-positioned to adviser its aing appearance of growth,” VF’s chairman, admiral and arch controlling administrator Steve Rendle said.
Charlesbank afresh acquired Rockport, bringing in industry adept Gregg Ribatt to arch the accustomed cossack company. “Reef is a able cast with abysmal actuality and an abundantly loyal chump base. We are aflame to assignment with the able administration aggregation that has been allegorical Reef through its cast change and resurgence. We accept in the team’s advance affairs beyond consumer, artefact and geographic expansion,” Ribatt said. (RR)
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