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Wednesday, November 2, 2011 - 05:30 IST
NYSE-listed VF Corp Buys Arvind In 60:40 Indian JV For $52M
BY TEAM VCC
The deal values the JV marketing brands Lee and Wrangler at 2.14x last years revenues, as per VCCircle estimates.
Arvind Ltd has exited its five-year-old joint venture with world’s largest apparel company VF Corp by selling its 40 per cent stake in VF Arvind Brands Pvt Ltd to the foreign partner for Rs 257 crore ($52 million)....
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