Davis Polk is advising VF Corporation on its sale of the Nautica® brand business to Authentic Brands Group (ABG), LLC. The transaction, which is expected to close in the first half of 2018, is subject to customary closing conditions and regulatory approvals. Financial terms of the transaction were not disclosed.
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. Authentic Brands Group is a brand development, marketing and entertainment company, which owns a global portfolio of lifestyle, celebrity and entertainment brands.
The Davis Polk corporate team includes partner Marc O. Williams and associates Laura C. Turano, John B. Weinstein and Samuel F. Page. Partner Frank J. Azzopardi and associates Daniel F. Forester and Soo Lim are providing intellectual property and technology advice. Partner Veronica M. Wissel and associate Tricia E. Walsh are providing executive compensation advice. Partner Kathleen L. Ferrell is providing tax advice. All members of the Davis Polk team are based in the New York office.