Apparel and footwear company, VF Corporation (VFC), Monday said that it has agreed to sell its Dickies brand to Bluestar Alliance LLC, a brand management firm, for $600 million in cash.
Dickies, an American heritage brand blending workwear functionality with streetwear style, has a presence in 55 countries.
"This transaction will enable us to bring our net debt level down and will be accretive to our growth on a pro-forma basis," said VF's President and Chief Executive Officer, Bracken Darrell.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.