US: VF sells John Varvatos stake to Lion Capital
VF Sportswear, a subsidiary of VF Corporation, has completed the sale of its majority stake in John Varvatos Enterprises to private equity firm Lion Capital.
The deal, which was originally announced in March sees Mr Varvatos retaining an ownership position and will continue as chairman and chief creative officer. Terms of the transaction were not disclosed.
The John Varvatos men's wear brand includes tailored clothing and sportswear, as well as footwear, bags, belts, eyewear, watches and men's fragrances. There is also the younger, edgier John Varvatos Star USA Collection and Converse by John Varvatos.
It became part of VF Corporation's portfolio as part of its acquisition of the Nautica brand in 2003.
Lion Capital will continue to operate the business as John Varvatos Enterprises Inc headquartered in New York City.
Iconix Brand Group has signed an agreement to acquire UK football brand Umbro from Nike for US$225m. ...
Footwear firm Belle International Holdings has seen its third-quarter same store sales increase 2.8%....
Specialty clothing retailer Gap Inc is to introduce new fire safety standards at supplier factories in Bangladesh, in a move that mirrors similar measures announced recently by PVH, owner of the Calvi...
Apparel giant VF Corporation aims to leverage leading brands such as Timberland and Lee to more than double its revenues in the Asia Pacific region to US$2bn by 2017....
Sportswear giant Nike has inked a sponsorship deal with the Football Association (FA) to design and supply kit for England's football teams....
Nike has remained quiet on rumours the sporting goods giant is close to signing a deal to become the official uniform supplier for the England football team....
Chinese footwear and sportswear group Belle International reported a rise in first-half net income, despite the group seeing a decline in consumer confidence. ...
Private-equity firms TPG Capital and Apax Partners are reportedly among several parties in the running to buy Nike-owned footwear brand Cole Haan. ...
- Why China 5-year plan won't change garment-making
- ‘Fixing Fashion’ one stitch at a time
- Navigating a turbulent sourcing landscape
- Supply chains under pressure as Black Friday looms
- Jordan garment sector strong amid regional unrest
- US Q3 in brief: Burlington Stores, Guess, Chico's
- Global clothing and footwear trade to drop by 1.5%
- Adidas has greenest textile supply chain in China
- Cambodia living wage campaign kicks off
- New Balance launches first 3D printed running shoe
- Wearable technology: The future market potential for smart garments and e-textiles
- Practical Brand Sourcing Strategy
- Statistics: Trends in Global and Regional Man-made Fibre Production - 2015
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Technical Textile Markets: Product Developments and Innovations - 2nd Quarter 2015