UPDATE: US clothing giant VF Corp's Icebreaker acquisition needs OIO approval

Fri, 03 Nov 2017

(updates and recasts lede to include need for OIO approval and VF statement on the deal in the fourth paragraph) By Rebecca Howard Nov. 3 (BusinessDesk) - US-based VF Corporation needs Overseas investment office approval to buy Kiwi merino clothing maker Icebreaker, meaning the deal is worth at least $100 million. The terms of the deal were not disclosed. VF Corporation has a market capitalization of around US$28 billion and its portfolio includes The North Face, Timberland, SmartWool, Vans, Wrangler and Lee. In its third-quarter resul...

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