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sales of FBs

September 14, 2011

The family behind outdoor clothes and footwear maker Timberland has sold the business to VF Corporation, bringing to an end the Swartz family’s 60 years of involvement in the company.

The family behind outdoor clothes and footwear maker Timberland has sold the business to VF Corporation, bringing to an end the Swartz family’s 60 years of involvement in the company.

The sale of the family business, completed on 14 September, values Timberland at around $2.5 billion (€1.8 billion).

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