VFC closes Dickies divestiture for $600M cash and issues supplements

Rhea-AI Filing Summary

VF Corporation completed the previously announced sale of the Dickies brand to Bluestar Alliance LLC for $600.0 million in cash, subject to customary adjustments for cash, working capital and transaction expenses. The transaction closes a multi‑brand portfolio shift and converts Dickies into cash on the balance sheet.

Alongside the closing, VF released supplemental investor materials that recast historical results for fiscal 2025 and the first and second quarters of fiscal 2026. The materials present GAAP figures, adjusted results, and adjusted results excluding Dickies, giving a clearer view of VF’s underlying operations after the divestiture. A joint press release (Exhibit 99.1) and the supplemental financial information (Exhibit 99.2) were made available.

Insights

Equity analyst — apparel & footwear

VF closes Dickies for $600.0 million and provides ex‑Dickies comps.

VF Corporation finalized the divestiture of Dickies to Bluestar Alliance for $600.0 million in cash, with customary closing adjustments. This converts a non-core asset into cash and simplifies the brand portfolio.

VF also issued supplemental schedules showing GAAP, adjusted, and adjusted excluding Dickies for fiscal 2025 and for Q1–Q2 of fiscal 2026. These schedules help isolate ongoing performance of remaining brands after the sale.

The actual financial impact will depend on portfolio performance going forward. Subsequent filings may provide further detail on post-sale trends within the continuing operations.

8-K Event Classification

2 items: 7.01, 9.01

2 items

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

FAQ

What did VFC (NYSE: VFC) announce in this update?

VF Corporation completed the sale of the Dickies brand to Bluestar Alliance LLC for $600.0 million in cash, subject to customary adjustments.

Who bought Dickies from VF Corporation and for how much?

Bluestar Alliance LLC purchased Dickies for $600.0 million in cash, subject to customary adjustments for cash, working capital and transaction expenses.

Did VFC provide financials excluding Dickies?

Yes. VF released supplemental materials with GAAP, adjusted, and adjusted excluding Dickies for fiscal 2025 and Q1–Q2 fiscal 2026.

Which exhibits accompany this disclosure for VFC?

Exhibit 99.1: joint press release. Exhibit 99.2: supplemental financial information excluding Dickies.

What kind of consideration did VFC receive for Dickies?

The consideration was $600.0 million in cash, subject to customary closing adjustments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Understanding 8-K Material Events →

Accepted by SEC EDGAR 11/12/2025 - 04:11 PM Learn about SEC filing dates

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 12, 2025

V. F. Corporation

(Exact Name of Registrant as Specified in Charter)

Pennsylvania			1-5256			23-1180120
(State or Other Jurisdiction of Incorporation)			(Commission File Number)			(IRS Employer Identification No.)

1551 Wewatta Street
Denver, Colorado			80202
(Address of Principal Executive Offices)			(Zip Code)

(720) 778-4000

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each class			Trading Symbol(s)			Name of each exchange on which registered
Common Stock, without par value, stated capital $.25 per share			VFC			New York Stock Exchange
4.125% Senior Notes due 2026			VFC26			New York Stock Exchange
0.250% Senior Notes due 2028			VFC28			New York Stock Exchange
4.250% Senior Notes due 2029			VFC29			New York Stock Exchange
0.625% Senior Notes due 2032			VFC32			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 7.01.  Regulation FD Disclosure

Completion of Sale of Dickies and Supplemental Financial Information Excluding Dickies

On November 12, 2025, V.F. Corporation (“VF”) completed the previously announced sale of the Dickies® brand (“Dickies”) to Bluestar Alliance LLC ("Buyer") for $600.0 million in cash, subject to customary adjustments for cash, working capital and transaction expenses. VF and Buyer issued a press release announcing the completion of the sale. The press release is attached as Exhibit 99.1 and is incorporated herein by reference. VF has also provided supplemental investor information related to VF's historical quarterly and annual results for fiscal 2025 and the first and second quarters of fiscal 2026 that presents historical VF results in accordance with generally accepted accounting principles in the U.S. (“GAAP”), on an adjusted basis and on an adjusted basis excluding the results of Dickies. VF believes this provides investors with useful supplemental financial information regarding VF’s underlying business trends and performance of VF’s operations, post the closing of the sale of Dickies. This supplemental investor information is attached as Exhibit 99.2 and is incorporated herein by reference.

Item 9.01.  Financial Statements and Exhibits.

(d) Exhibits.

Exhibit No.			Description
99.1			Press Release issued by V.F. Corporation and Bluestar Alliance LLC, dated November 12, 2025.
99.2			Supplemental Financial Information Excluding Dickies
104			Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

V.F. CORPORATION

(Registrant)

By:

/s/ Paul Vogel

Paul Vogel

Executive Vice President and Chief Financial Officer

Date:

November 12, 2025