OIO signs off on Icebreaker sale to US clothing giant VF Corp

Tue, 03 Apr 2018

By Sophie Boot April 4 (BusinessDesk) - Icebreaker Holdings has been sold to US-based VF Corporation for at least $100 million after the Overseas Investment Office approved the deal. In a media release today, North Carolina-based VF Corp said the OIO signed off on the transaction, which completed the transaction. The acquisition "is an ideal complement to VF’s Smartwool brand, which also features merino wool in its clothing and accessories. Together, the Smartwool and Icebreaker brands will position VF as a global leader in the merino woo...

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