Davis Polk & Wardwell advised VF Corporation on its acquisition of one-third of the capital stock of Mo Industries Holding, Inc. The agreement provides a mechanism whereby VF may acquire the balance of the capital stock in the early part of 2009. The financial terms of the transaction were not disclosed.

VF Corporation is a Greensboro, North Carolina-based global leader in lifestyle apparel with a diverse portfolio of jeanswear, outdoor, imagewear, sportswear and contemporary apparel brands. Its principal brands include Wrangler, Lee, Riders, The North Face, Vans, Reef, Eagle Creek, Eastpak, JanSport, Napapijri, Nautica, Kipling, John Varvatos, 7 For All Mankind, lucy, Majestic and Red Kap. Mo Industries is the Los Angeles-based owner of the Splendid and Ella Moss women's contemporary sportswear brands.

The Davis Polk corporate team included partner George R. Bason Jr. and associate Scott D. Mitnick of the New York office, and partner Julia K. Cowles and associates Robert J. Maynes and Vincent T. Cannon of the Menlo Park office. Associate Stephen M. Pepper of the New York office provided antitrust advice. Partner Rachel D. Kleinberg and associate M. Ryan LaRosa of the Menlo Park office provided tax advice. Counsel Cynthia Akard of the Menlo Park office provided benefits advice.