Sponsors
Billabong ▼ -0.015 | PPR ▼ -0.80 | American Apparel ▲ +0.014 | The Buckle ▲ +0.03 | Columbia ▼ -0.43 | Deckers Outdoor ▲ +1.82 | Dicks ▼ -0.43 | Foot Locker ▲ +0.34 | Genesco ▲ +1.09 | Iconix Brand Group ▼ 0.00 | Jarden Corp ▲ +0.58 | Nordstrom ▲ +0.46 | Luxottica ▼ -0.89 | Nike ▼ -0.10 | Pacific Sunwear ▲ +0.02 | Skullcandy ▼ -0.23 | Sport Chalet ▼ -0.02 | Urban Outfitters ▼ -0.20 | VF Corp ▲ +0.80 | Quiksilver ▲ +0.02 | Zumiez ▼ -0.50 | Macys ▲ +0.60 | Tillys ▲ +0.11 |
Ticker Sponsor
Readers Say
I require all our executives to read it
I require all our executives to read it

There is no better publication that I am aware of that is so accurate and on top of any news and developments in our industry. I personally recommend it to many people that want to know and understand more about our industry. For the most part, shop-eat-surf.com gets the stories first. As a matter of fact, I require all the executives in our company to read it.

- By Hezy Shaked, President & CEO, Tilly's
It pertains to my business
It pertains to my business

I’m an avid reader of Shop-Eat-Surf because it’s really the only online newsletter that I have found that is not only industry related, but also because it’s not so “guy-centric.” I find that a lot of the information I read on the site pertains to my business (as a swimwear designer) and keeps me up to date on what other companies and other women in the industry in general are doing which is not only inspiring but also helps me gauge the future direction of my business as well.

I feel privileged to read the Executive Edition because I know I am getting insider industry information before it hits the mainstream media channels. And it’s always good to know what my friends are up to in the industry.

- By Monica Wise, Founder, L*Space
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