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VF Corp to sell Nautica to Authentic Brands

Authentic Brands is buying Nautica from VF Corp. VF Corp has a varied portfolio of lifestyle brands such as Vans, The North Face, Timberland, Wrangler and Lee. The sale is s part of VF’s global business strategy.

Founded in 1983, nautical-inspired American brand Nautica is a mid- to high-end apparel label available in more than 65 countries. Nautica is a leading water-inspired global lifestyle brand including men’s, women’s and children’s apparel and accessories and a complete home collection. Nautica products are classics that are rich in performance, color and authentic style.

The transaction is expected to close in the first half of 2018 but is subject to standard closing conditions and regulatory approvals. Authentic Brands manages more than 30 global consumer brands and operates through over 2,300 locations worldwide. Its portfolio includes: Juicy Couture, Herve Leger and Airwalk. Authentic is a brand development, marketing, and entertainment company, which owns a global portfolio of lifestyle, celebrity and entertainment brands. Headquartered in New York City, the group manages, elevates, and builds the long-term value of consumer brands by partnering with best-in-class manufacturers, wholesalers, and retailers. Its global retail footprint spans the luxury, specialty, department stores, shop-in-shops, e-commerce, mid-tier, and mass channels.