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Wrangler Owner Bids for Billabong

Wrangler Owner Bids for Billabong

VF Corporation and Altamont Capital Partners have made a non-binding bid to acquire activewear company Billabong for $526.8 million AUS (U.S. $556 million).

The apparel and footwear company VF–owner of The North Face, Wrangler, Timberland, Vans and Lee brands–is primarily interested in the Billabong brand, while private investment firm Altamont is focused on Billabong’s other brands and related assets where it can provide strategic and operational support.

VF and Altamont are new reviewing Billabong’s business.

Billabong was the target of four failed takeover bids last year, according to the Wall Street Journal.

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