VF Outdoor in Negotiations to Acquire Eagle Creek(R) Brand

VF Outdoor, Inc., a subsidiary of VF Corporation (NYSE: VFC), announced today that it is in negotiation to acquire Eagle Creek, Inc., the nation's leading supplier of adventure travel gear, including accessories, luggage, daypacks and other products.
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GREENSBORO, N.C.-- VF Outdoor, Inc., a subsidiary of VF Corporation (NYSE: VFC), announced today that it is in negotiation to acquire Eagle Creek, Inc., the nation's leading supplier of adventure travel gear, including accessories, luggage, daypacks and other products. Founded in 1975, Eagle Creek currently has annual sales of approximately $30 million. Eagle Creek(R) brand products are sold in the U.S. through 700 outdoor specialty and 300 luggage specialty accounts. The brand is also sold in Europe and in other international markets through distributors and licensees. Terms were not disclosed, and closing of the transaction is subject to customary government approvals and other conditions. Closing is expected to occur within 30 days.

"We're excited at the prospect of adding the industry's authentic outdoor travel brand to our existing portfolio of outstanding brands," said Dave Gatto, President of VF Outdoor, Inc. "Growth in the travel category is outpacing growth of the total outdoor business, and we expect this to continue given the desirability of travel among both baby boomers and Gen Y consumers." He added, "Eagle Creek's strong product pipeline, combined with VF Outdoor's proven ability to execute international brand growth strategies, should enable the Eagle Creek(R) brand to sustain high-single digit sales growth over the next several years."

Eagle Creek will remain based in Vista, California. Founder and President Steve Barker will continue to manage the brand, reporting to Gatto. Executive Vice President Ricky Schlesinger will also continue in his current role, reporting to Barker.

About Eagle Creek

Eagle Creek is a maker of adventure travel gear, luggage, travel accessories and packing solutions for active, adventurous souls. Founded in 1975 by Steve and Nona Barker, California-based Eagle Creek, Inc., invented the adventure travel gear category, introduced the industry's first convertible backpack on wheels, and is revolutionizing the way travelers pack with its Pack-It(R) folders, cubes, sacs and toiletry kit organizing system.

About VF Corporation

VF Corporation is a leader in branded apparel including jeanswear, outdoor products, intimate apparel, image apparel and sportswear. Its principal brands include Lee(R), Wrangler(R), Riders(R), Rustler(R), Vanity Fair(R), Vassarette(R), Bestform(R), Lily of France(R), Nautica(R), John Varvatos(R), JanSport(R), Eastpak(R), The North Face(R), Vans(R), Reef, Napapijri(R), Kipling(R), Lee Sport(R) and Red Kap(R).

VF Corporation's press releases, annual report and other information can be accessed through the Company's home page, www.vfc.com.

CONTACT: VF Services, Inc.
Cindy Knoebel
VP, Financial & Corporate Communications
(336) 424-6189/(212) 841-7141
or
VF Corporation
Paul Mason
Director, Corporate Communications
(336) 424-6192

SOURCE: VF Corporation

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