Why Apparel Company VF Corp Shares Are Surging Today
Why Apparel Company VF Corp Shares Are Surging Today
V.F. Corporation (NYSE:VFC) shares are trading higher after the company announced it entered into a Stock and Asset Purchase Agreement to sell its Supreme brand to EssilorLuxottica (OTC:ESLOF) for $1.5 billion in cash.
V.F. Corporation (纽交所:VFC)的股票价格上涨，因为公司宣布将其Supreme品牌出售给EssilorLuxottica (场外交易:ESLOF)，以15亿美元的现金交易股票和资产购买协议。
Supreme operates a digital-first business and 17 stores across the U.S., Asia, and Europe.
Supreme是一家数字化业务，在美国、亚洲和欧洲拥有17家门店。
VFC stated that the Supreme brand has grown significantly in China and South Korea; however, a strategic review highlighted limited synergies between Supreme and its integrated model, which led to sale of the brand.
VFC表示，Supreme品牌在中国和韩国增长显著，但战略审查强调Supreme与其综合模型之间的协同效应有限，因此出售了该品牌。
Francesco Milleri, Chairman and Chief Executive Officer and Paul du Saillant, Deputy Chief Executive Officer at EssilorLuxottica, said, "We see an incredible opportunity in bringing an iconic brand like Supreme into our Company. It perfectly aligns with our innovation and development journey, offering us a direct connection to new audiences, languages and creativity."
EssilorLuxottica的主席兼首席执行官Francesco Milleri和副首席执行官Paul du Saillant表示:"我们看到了一个难以置信的机会，将Supreme等像图标一样的品牌引入我们的公司。它完美地符合我们的创新和发展之旅，为我们提供了与新受众、语言和创造力的直接联系。"
The transaction is expected to close by the end of 2024, pending customary conditions and regulatory approvals. The sale is anticipated to dilute VFC's earnings per share in FY25.
交易预计将在2024年年底之前完成，视条件和监管批准而定。此次出售预计会对VFC的2025财年每股收益产生稀释效应。
Bracken Darrell, President and Chief Executive Officer at VF said, "While we will always look to adjust the VF portfolio from time to time, this transaction gives us increased balance sheet flexibility. It also supports our overall program to better position the company for long term growth and more normalized debt levels."
VF的总裁兼首席执行官Bracken Darrell表示:"虽然我们将始终不断地调整VF的投资组合，但此次交易为我们提供了更高的资产负债表灵活性。它也支持我们整体计划，使公司更好地为长期增长和更正常化的债务水平做好准备。"
Price Action: VFC shares are up 7.59% at $15.30 at the last check Wednesday.
截至上周三最后一次查询，VFC的股票价格上涨7.59%，为每股15.30美元。
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Image via Shutterstock
图片来自shutterstock。