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VF Corp. Latest Acquisition Will Expand its Active Footwear Presence

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VF Corp.’s latest acquisition could help broaden its reach the global active footwear market. VF said Wednesday it has signed an agreement to purchase footwear brand Altra from Icon Health & Fitness Inc., which owns connected fitness brands including NordicTrack and ProForm. According to VF, Altra generated roughly $50 million in revenue in the last year. The transaction…

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