In a media release yesterday, North Carolina-based VF Corp said the OIO signed off on the transaction, which completed the transaction. The acquisition "is an ideal complement to VF’s Smartwool brand, which also features merino wool in its clothing and accessories. Together, the Smartwool and Icebreaker brands will position VF as a global leader in the merino wool and natural fibre categories." The brand is expected to be immediately accretive to VF’s earnings per share, it said.
Icebreaker said it was "incredibly excited by the new opportunities for Icebreaker."
Continue here to read the full release | || April 05, 2018 |||