VF Corporation shares are trading higher after the company announced it entered into a Stock and Asset Purchase Agreement to sell its Supreme brand to EssilorLuxottica for $1.5 billion in cash.
Portfolio Pulse from Benzinga Newsdesk
VF Corporation shares are trading higher after announcing a Stock and Asset Purchase Agreement to sell its Supreme brand to EssilorLuxottica for $1.5 billion in cash.
July 17, 2024 | 12:22 pm
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POSITIVE IMPACT
VF Corporation shares are trading higher following the announcement of a $1.5 billion cash sale of its Supreme brand to EssilorLuxottica.
The sale of the Supreme brand for $1.5 billion in cash is a significant transaction for VF Corporation, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100