VF Corporation Finalizes Dickies Sale to Bluestar Alliance

Dickies officially has a new owner. VF Corporation, owner of brands such as The North Face, Vans and Timberland, has announced that its sale of Dickies to Bluestar Alliance has been completed, adding to its portfolio, which also includes Hurley, Scotch&Soda and Palm Angels.

The sale was announced in September, but it was not until November that the transaction was completed, according to a statement. As announced at the time, the sale is valued at $600 million. With this transaction, VF Corporation seeks to reduce its debt level to 21%.

For its part, Bluestar Alliance is fully immersed in a strategy to increase its brand portfolio. The group announced earlier this year the acquisition of Italian luxury urban fashion brand Palm Angels, founded in 2015 by Francesco Ragazzi. The group has distinguished itself by acquiring fashion retail companies whose sales exceed $6 billion.

VF Corporation purchased Dickies in 2017 for $820 million to accelerate the growth of the group’s urban fashion division

VF Corporation bought Dickies in 2017 for $820 million. Until then, the company was in the hands of the founding family and had an annual turnover of around $875 million. The aim was for Dickies to accelerate the growth of VF Corporation’s urban fashion division.

According to the latest results released, the U.S. group closed the first half of fiscal 2026, ended September 27, 2025, with revenue of $4,563.4 million, up from $4,527 million in the same period last year. The increase represented a 0.8% increase according to figures reported by the company, or a decrease of 0.9% at constant rates, and consolidated the first signs of stabilization after two years of adjustment.

Founded in 1922, Dickies offers men’s and women’s fashion products and is distributed in 55 countries. Bluestar Alliance, founded in 2006 by Joseph Gabbay and Ralph Gindi, manages brands, with a portfolio focused on fashion and lifestyle that collectively generates more than $13 billion in sales globally.