VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear, and accessories, and Bluestar Alliance LLC, a leading global brand management firm, announced they have entered into a definitive agreement for Bluestar Alliance to acquire the Dickies® brand for $600 million in cash.
Dickies® is an iconic American heritage brand that sits at the intersection of workwear and streetwear, with distribution in 55 countries. For over a century, it has been a cultural staple, known for its durability, authenticity, and global influence. Balancing utility and style, Dickies® continues to resonate across generations, geographies, and subcultures.
“Since 1922, Dickies® has provided hard-wearing, long-lasting and comfortable clothes, cementing its status as a storied brand in performance workwear. We have followed the brand for many years and have a deep appreciation for its history and legacy, which VF Corporation has successfully begun to rebuild over the past few years,” said Joseph Gabbay, CEO, Bluestar Alliance. “We are committed to supporting the Dickies® brand’s growth by leveraging our consumer insights and operational excellence to unlock its full value for all stakeholders.”
VF’s President and Chief Executive Officer, Bracken Darrell, said, “Dickies® is an iconic American workwear brand with a bright future, and I am confident that under Bluestar Alliance’s ownership, it will continue to improve and realize its significant growth potential.” Darrell continued, “As I’ve said before, we continuously evaluate our portfolio and this transaction will enable us to bring our net debt level down and will be accretive to our growth on a pro-forma basis. I want to thank the entire Dickies® team for their strong commitment to transforming the brand.”
The transaction is expected to close by the end of CY2025, subject to customary closing conditions and regulatory approvals. UBS is serving as financial advisor to VF, and Davis Polk & Wardwell LLP is serving as its legal advisor.
