V.F. Corporation

VFC

US9182041080

Apparel & Accessories

Real-time Estimate Cboe BZX Other stock markets 07:47:21 17/07/2024 pm IST			5-day change	1st Jan Change
15.4 ^USD	+8.26%		+20.45%	-18.38%

03:38pm	Earnings reports take center stage as tech stocks tumble
03:20pm	Sector Update: Consumer Stocks Mixed Pre-Bell Wednesday	MT

EssilorLuxottica Société anonyme (ENXTPA:EL) entered into a definitive agreement to acquire Supreme Holdings, Inc. from V.F. Corporation for $1.5 billion.

July 17, 2024

EssilorLuxottica Société anonyme (ENXTPA:EL) entered into a definitive agreement to acquire Supreme Holdings, Inc. from V.F. Corporation (NYSE:VFC) for $1.5 billion on July 17, 2024. The transaction is subject to customary closing conditions and regulatory approvals. The transaction is expected to close by the end of CY2024.

The sale of Supreme is expected to be dilutive to VF?s earnings per share in fiscal 2025. JPMorgan Chase & Co. acted as financial advisor for EssilorLuxottica Société anonyme.

Latham & Watkins LLP acted as legal advisor for EssilorLuxottica Société anonyme. Goldman Sachs & Co. LLC acted as financial advisor for V.F. Corporation.

UBS Investment Bank acted as financial advisor for V.F. Corporation. Marc O. Williams, Daniel Brass, Michael Mollerus, Liang Zhang, Jennifer S. Conway, Frank J. Azzopardi and Ronan P. Harty of Davis Polk & Wardwell LLP acted as legal advisor for V.F. Corporation.

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	ESSILORLUXOTTICA	190.9 EUR	-3.93%	-2.92%	98.5B
	V.F. CORPORATION	15.4 USD	+8.26%	+20.45%	5.53B

Latest news about V.F. Corporation

Earnings reports take center stage as tech stocks tumble	07:08pm
Sector Update: Consumer Stocks Mixed Pre-Bell Wednesday	06:50pm	MT
Sector Update: Consumer	06:27pm	MT
Exchange-Traded Funds, Equity Futures Lower Pre-Bell Wednesday Amid Tech Sector Concerns	05:53pm	MT
Ray-Ban Maker EssilorLuxottica to Buy Supreme Brand From VF for $1.5 Billion -- 2nd Update	04:39pm	DJ
VF to Sell Supreme Brand to EssilorLuxottica for $1.5 Billion in Cash	03:54pm	MT
EssilorLuxottica to Buy Supreme Brand From VF for $1.5 Billion -- Update	01:33pm	DJ
EssilorLuxottica: acquisition of the Supreme brand	12:58pm	CF
EssilorLuxottica to Buy VF Corp's Supreme Brand for $1.5 Billion	12:48pm	MT
EssilorLuxottica to Buy Supreme Brand From VF for $1.5 Billion	12:14pm	DJ
EssilorLuxottica to buy Supreme and Heidelberg Engineering	12:03pm	RE
EssilorLuxottica Société anonyme (ENXTPA:EL) entered into a definitive agreement to acquire Supreme Holdings, Inc. from V.F. Corporation for $1.5 billion.	17/07/2024	CI
US back-to-school spending to remain muted in 2024, Deloitte says	15/07	RE
Americans are getting pickier, but they are still spending on hot items	07/06	RE
Sector Update: Consumer Stocks Advance Late Afternoon	05/06	MT
Sector Update: Consumer	05/06	MT
VF Shares Fall as New President Named for The North Face Brand	04/06	MT
Global markets live: ASML, Intel, Microsoft, Tesla, J&J, Gitlab	04/06
VF Corp appoints independent directors as Engaged Capital pushes for board refresh	04/06	RE
V.F. Corporation Announces Board Changes	04/06	CI
V.F. Corporation Adds Two Directors Backed by Engaged Capital	03/06	CI
Wedbush Raises Price Target on VF Corp. to $11 From $10, Maintains Neutral Rating	31/05	MT
V.F. Corporation Appoints Sun Choe as Global Brand President, Vans	31/05	CI
UBS Adjusts Price Target on VF to $12 From $14, Maintains Neutral Rating	28/05	MT
Barclays Adjusts Price Target on VF to $12 From $16, Maintains Equalweight Rating	24/05	MT

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Company Profile

V.F. Corporation is an apparel, footwear, and accessories company. The Company owns a portfolio of brands in the outerwear, footwear, apparel, backpack, luggage and accessories categories. Its brands include The North Face, Vans, Supreme, Kipling, Napapijri, Eastpak, JanSport, Smartwool, Altra, Icebreaker, Timberland and Dickies. The Company operates through three segments: Outdoor segment, Active segment, and Work segment. The Outdoor segment's product offerings include performance-based and outdoor apparel, footwear and equipment. The Active segment's product offerings include active apparel, footwear, backpacks, luggage and accessories. Its Work segment consists of work and work-inspired lifestyle brands with product offerings that include apparel, footwear and accessories. The Company's direct-to-consumer business includes VF-operated retail stores, brand e-commerce sites, concession retail locations and other digital platforms.

Sector

Apparel & Accessories

Calendar

23/07/2024 - Annual General Meeting

Related indices

S&P 500

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Analysis / Opinion

VF Corporation: Potential turnaround opportunity

January 02, 2024 at 03:51 pm IST

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Ratings for V.F. Corporation

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ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

14.22 USD

Average target price

15.04 USD

Spread / Average Target

+5.78%

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Other Apparel & Accessories

V.F. Corporation

Equities

VFC

US9182041080

Apparel & Accessories

EssilorLuxottica Société anonyme (ENXTPA:EL) entered into a definitive agreement to acquire Supreme Holdings, Inc. from V.F. Corporation for $1.5 billion.

Stocks mentioned in the article

EPS Revisions