Civil lawsuits involving Icebreaker buyer VF Corp 'just normal business' in US, OIO concludes

Thu, 03 May 2018

By Jonathan Underhill May 3 (BusinessDesk) - US apparel group VF Corp, which bought merino wool clothing maker Icebreaker Holdings for $288 million, has been party to a number of civil lawsuits in the US but they were a normal part of doing business and don't reflect badly on the company, says New Zealand's foreign investments regulator. The Overseas Investment Office approved the sale of Icebreaker in February. Icebreaker's shareholders, including founder Jeremy Moon, had sought a tie-up with "an established international entity or group...

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