Vans Owner Is Buying Dickies for $820 Million USD

coreswell August 15, 2017 0
Vans Owner Is Buying Dickies for $820 Million USD

Two popular fashion brands are about to become a lot closer. As Business Insider reports, VF Corp — the same giant company that owns Vans, Timberland and others — has added Williamson-Dickie Mfg. Co to its worldwide empire of labels. The primary owner of Dickies and Workrite wear, Williamson-Dickie Mfg. Co. was picked up by VF Corp for $820 million USD; the company’s sale is expected to boost VF’s 2017 revenue by 3.5%, moving the meter to $11.85 billion USD in annual earnings. By 2021, Williamson-Dickie will reportedly inject over a billion additional dollars into VF’s revenue.

This month, Vans has been focusing on opening its global headquarters and working with renowned fashion institutions like Opening Ceremony.

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