It will pay a hefty $2.1 billion for a highly profitable brand that is currently doing about $500 million in sales and has an operating margin over 20%, but VF sees it as having a $1 billion potential in fairly short order with an 8-10% CAGR that can benefit from VF’s back end strengths in digital, international and to some degree supply chain. There is a potential earnout as well and the deal will be financed with cash on hand and commercial paper. It is expected to be modestly accretive in FY21 and add $0.20 per share on an adjusted ... Log in to view full article.