VF Corp to buy Timberland for $2.2B
Today, VF Corp., whose brands include The North Face, Jansport, Eagle Creek, and Nautica, said it will buy boot and clothing maker Timberland Co. for more than $2.2 billion. Timberland also owns the SmartWool brand.
VF plans to make Timberland part of its outdoor and actions sports business, and said Timberland headquarters will remain in Stratham, N.H.
The acquisition is expected to close in the third quarter.
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