VF Corp Completes Sale Of Reef To The Rockport Group
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.
