VF Corporation acquires Icebreaker

VF Corporation and Icebreaker Holdings, a privately held company based in Auckland, New Zealand, have signed a definitive purchase agreement. The company said in a statement that on a trailing 12-month basis, Icebreaker Holdings generated approximately 150 million dollars of revenue and the transaction expected to be complete early in 2018 is anticipated to be immediately accretive to VF’s earnings per share.