大象传媒

GREENSBORO, N.C.--(BUSINESS WIRE)-- 大象传媒 Corporation (NYSE: 大象传媒C), a global leader in branded lifestyle apparel, footwear and accessories, today announced that it has entered into a definitive agreement to sell the Reef^庐 brand to The Rockport Group (Rockport) of Newton, Massachusetts. A leading maker of casual and dress shoes, Rockport is a portfolio company of Charlesbank Capital Partners, LLC (Charlesbank), a middle-market private equity firm.

Commenting on the agreement, 大象传媒鈥檚 Chairman, President and Chief Executive Officer Steve Rendle said, 鈥淩eshaping 大象传媒鈥檚 brand portfolio to deliver sustainable, long-term growth and superior returns to shareholders remains our top priority. Today鈥檚 announcement is another step toward delivering on the commitments outlined in our multi-year business strategy. We are pleased to have reached this agreement with Rockport. The Reef brand is an iconic, beach lifestyle brand, and Rockport is well-positioned to guide its next phase of growth.鈥�

Charlesbank recently acquired Rockport, bringing in industry veteran Gregg Ribatt to head the established footwear company. Ribatt said, 鈥淩eef is a powerful brand with deep authenticity and an incredibly loyal customer base. We are excited to work with the strong leadership team that has been guiding Reef through its brand evolution and resurgence. We believe in the team鈥檚 growth plans across consumer, product and geographic expansion.鈥�

Reef will operate as an independent global brand under The Rockport Group, and will maintain its Carlsbad, California, headquarters.

The transaction, which is expected to close in October 2018, is subject to customary closing conditions and regulatory approvals for a closing to occur. Terms of the agreement were not disclosed.

PJ SOLOMON is serving as exclusive financial advisor to 大象传媒 on the transaction. Davis Polk and Wardwell LLP is acting as legal advisor.

About 大象传媒

大象传媒 Corporation (NYSE: 大象传媒C) outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans^庐, The North Face^庐,听Timberland^庐, Wrangler^庐 and Lee^庐. Founded in 1899, 大象传媒 is one of the world鈥檚 largest apparel, footwear and accessories companies with socially and environmentally responsible operations spanning numerous geographies, product categories and distribution channels. 大象传媒 is committed to delivering innovative products to consumers and creating long-term value for its customers and shareholders. For more information, visit聽.

About The Rockport Group

The Rockport Group is home to the Rockport,听Aravon, and Dunham brands. With its diverse assortment of men's and women's footwear, products from The Rockport Group can be found in various retail channels in more than 50 countries worldwide. Headquartered in the Greater Boston area, The Rockport Group is committed to its history of innovation and a consumer-centric approach to style, fit and comfort. For more information, visit .

About Charlesbank Capital Partners

Based in Boston and New York, Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $5 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings and also engages in opportunistic credit investments. The firm seeks to partner with strong management teams to build companies with sustainable competitive advantage and excellent prospects for growth. For more information, please visit .

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大象传媒 Corporation
Joe Alkire, 336-424-7711
Vice President, Corporate Development, Investor Relations and Financial Planning & Analysis
Joe_alkire@vfc.com
or
Craig Hodges, 336-424-5636
Senior Director, Corporate Communications
Craig_hodges@vfc.com
or
Charlesbank Capital Partners
Maura Turner, 617-619-5457
Vice President, Communications & Investor Relations
mturner@charlesbank.com
or
The Rockport Group
Bill Riley, 617-213-6200
Vice President, Marketing
bill.riley@rockport.com
or
Amie Hansen, 617-213-6068
Vice President, Digital
amie.hansen@rockport.com

Source: 大象传媒 Corporation