The deal, valued at an mixture base buy worth of $600 million in money, stays topic to customary changes, the corporate stated in a launch.
VF Corporation has closed its $600 million sale of the Dickies model to Bluestar Alliance.
The deal follows an earlier settlement for the enduring workwear and streetwear label, which operates in 55 international locations.
Bluestar CEO Joseph Gabbay praised Dickies’ robust legacy, whereas VF CEO Bracken Darrell stated the model has a shiny future and robust development potential beneath its new possession.
The transaction follows the definitive settlement introduced earlier this yr, beneath which Bluestar Alliance dedicated to buying the Dickies model. Known for its century-long heritage in efficiency workwear and its affect throughout streetwear tradition, Dickies right now has distribution in 55 international locations and continues to resonate with a large spectrum of world shoppers.
Bluestar Alliance CEO Joseph Gabbay highlighted the model’s deep legacy, noting that the corporate has adopted Dickies for a few years and values the robust basis constructed by VF Corporation. He stated the agency goals to unlock additional development by leveraging its client insights, operational capabilities, and brand-building experience.
“Dickies is an iconic American workwear brand with a bright future, and I am confident that under Bluestar Alliance’s ownership, it will continue to improve and realize its significant growth potential,” stated VF’s president and chief govt officer, Bracken Darrell.
Fibre2Fashion News Desk (HU)