Vans Owner Is Buying Dickies for $820 Million USD
And it’s already paying off.
Two popular fashion brands are about to become a lot closer. As Business Insider reports, VF Corp — the same giant company that owns Vans, Timberland and others — has added Williamson-Dickie Mfg. Co to its worldwide empire of labels. The primary owner of Dickies and Workrite wear, Williamson-Dickie Mfg. Co. was picked up by VF Corp for $820 million USD; the company’s sale is expected to boost VF’s 2017 revenue by 3.5%, moving the meter to $11.85 billion USD in annual earnings. By 2021, Williamson-Dickie will reportedly inject over a billion additional dollars into VF’s revenue.
Earlier this summer, Dickies teamed up with MISTERGENTLEMAN for a collaborative 2017 fall collection and collaborated with Palmer Trading Company. This month, Vans has been focusing on opening its global headquarters and working with renowned fashion institutions like Opening Ceremony.
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