Sponsors
Billabong ▲ +0.015 | PPR ▲ +1.55 | American Apparel ▲ +0.001 | The Buckle ▲ +0.41 | Columbia ▲ +0.28 | Deckers Outdoor ▼ -0.79 | Dicks ▲ +1.05 | Foot Locker ▲ +0.17 | Genesco ▼ -0.28 | Iconix Brand Group ▼ -0.09 | Jarden Corp ▼ -0.89 | Nordstrom ▲ +1.07 | Luxottica ▼ -0.09 | Nike ▼ -0.25 | Pacific Sunwear ▼ -0.02 | Skullcandy ▼ -0.35 | Sport Chalet ▼ -0.05 | Urban Outfitters ▲ +0.07 | VF Corp ▲ +0.52 | Quiksilver ▼ -0.15 | Zumiez ▼ -0.03 | Macys ▲ +0.60 | Tillys ▼ -0.16 |
Ticker Sponsor
Readers Say
Since the inception of Executive Edition, I only need 1 stop
Since the inception of Executive Edition, I only need 1 stop

As a retailer in the surf industry for the past 21 years, I have had to use multiple sources to stay informed to the news within surf. Since the inception of the Executive Edition of Shop-Eat-Surf.com, I need only one stop. Thanks for providing such a valuable tool to all of us in the industry. Shop-Eat-Surf is a must read for all of our staff at Maui Nix.

- By George Karamitos, CEO, Maui Nix
Executive Edition is a must have
Executive Edition is a must have

Before Shop-Eat-Surf, there were two sites I paid for premium content on. One is Surfline, the other is the Wall Street Journal. One is about all things surf, the other, the best business content site in the world. Shop-eat-surf is the intersection of those two worlds. Shop-Eat-Surf provides everything from coverage of events, people, brands and trends. However, beyond the Executive Edition "wall" is more meaty analysis and interpretation of financial statements, business models and brand philosophies; why certain brands and companies are succeeding, where others aren't. The Executive Edition is a must have read if the business of surf and action sports are on your radar screen.

- By Jeff Berg, Co-owner, Surfline
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

VF pulls trigger on acquisition

VF CEO Eric Wiseman.
VF CEO Eric Wiseman.
By Tiffany Montgomery
June 13, 2011 5:57 AM

VF Corp. finally pulled the trigger on an acquisition and it’s a big one.

 

The parent company of The North Face, Vans and Reef announced this morning it is buying outdoor company Timberland for $2 billion, or $43 per share.

 

Timberland is expected to generate $1.6 billion in revenue in 2011.

 

VF said Timberland’s rugged outdoor DNA compliments The North Face’s more technical outdoor business.

 

The move will propel VF’s Outdoor & Action Sports Coalition to more than 50% of total VF revenues.

 

VF said it will help Timberland grow 10% annually by leveraging VF’s international platforms in Europe, Asia, and Latin America and by leveraging VF’s direct to consumer platforms.

 

VF also plans to expand Timberland’s Smartwool apparel brand, and grow the company’s footwear and apparel offering for women.

 

In addition, VF believes its back end operating systems, especially with sourcing, can improve Timberland’s profitability.

 

Timberland can help VF with its footwear expertise, it’s experience and high penetration in Japan and by sharing its best practices in sustainability.

 

The deal is expected to close in the third quarter.

 

 

 


Articles You Might Have Missed