WASHINGTON (dpa-AFX) - Apparel and footwear company, VF Corporation (VFC), Monday said that it has agreed to sell its Dickies brand to Bluestar Alliance LLC, a brand management firm, for $600 million in cash.
Dickies, an American heritage brand blending workwear functionality with streetwear style, has a presence in 55 countries.
'This transaction will enable us to bring our net debt level down and will be accretive to our growth on a pro-forma basis,' said VF's President and Chief Executive Officer, Bracken Darrell.
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