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VF Corp. Latest Acquisition Will Expand its Active Footwear Presence

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

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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