In this new position, Lydia Seifert will bring her nearly 20 years of retail industry experience to manage the launch and day-to-day operations of the 115,000-square-foot, two-level retail destination, which is scheduled to open on Feb. 22, 2018.
VF Corporation signed an agreement to purchase New Zealand outerwear innovator Icebreaker Holdings for an undisclosed sum.
On a trailing 12-month basis, Icebreaker Holdings generated approximately $150 million of revenue.
The iconic Fifth Avenue department store will be converted into mixed-use space in a partnership with WeWork, embracing a wider trend toward maximizing efficiency and productivity in valuable real estate.
HanesBrands CEO Gerald Evans Jr cites Alternative Apparel's attractive business model, very strong and differentiated brand, and highly talented team of employees as drivers for the acquisition, noting that the acquisition also "diversifies our sales mix as we emphasize growth across all channels."