Davis Polk is advising VF Corporation on its acquisition of the Altra footwear brand from ICON Health & Fitness, Inc. The transaction, which is expected to close in April 2018, is subject to customary closing conditions.
VF outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans, The North Face, Timberland, Wrangler and Lee. Founded in 1899, VF is one of the world’s largest apparel, footwear and accessories companies with socially and environmentally responsible operations spanning numerous geographies, product categories and distribution channels. The Altra brand, launched in 2011, is sold in 55 countries through more than 1,600 specialty retail locations and a branded e-commerce platform (www.altrarunning.com). Its specialized, innovative design technology for road, trail, and lifestyle footwear has created a high-growth, award-winning brand with a strong and dedicated enthusiast following.
The Davis Polk corporate team includes partner Marc O. Williams and associates Jason P. Thompson and Samantha Kobbe. Partner Frank J. Azzopardi and associate Samantha Lefland are providing intellectual property and technology advice. Partner Veronica M. Wissel and associate Charlotte R. Fabiani are providing executive compensation advice. Partners Kathleen L. Ferrell and Rachel D. Kleinberg are providing tax advice. Counsel Brian D. Hirsch is providing real estate advice. Members of the Davis Polk team are based in the New York and Northern California offices.