VF Corporation have announce the sale of lifestyle brand Reef to The Rockport Group, the home of Rockport, Aravon and Dunham brands, with a wide range of mens and women’s footwear Reef seems like a good fit.
Press Release: VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today announced that it has completed the sale of the Reef® brand to The Rockport Group (Rockport) of Newton, Massachusetts. A leading maker of casual and dress shoes, Rockport is a portfolio company of certain affiliates of Charlesbank Capital Partners, LLC (Charlesbank), a middle-market private equity firm.
The announcement follows the October 4, 2018, news release in which VF announced that it had entered into a definitive agreement regarding the sale of this business. Terms of the agreement were not disclosed.