Kontoor Brands Finalizes Acquisition of Helly Hansen, Expanding Outdoor and Workwear Portfolio

Reuters

06-02

Kontoor Brands Finalizes Acquisition of Helly Hansen, Expanding Outdoor and Workwear Portfolio

Kontoor Brands, Inc. $(KTB)$ has completed its acquisition of Helly Hansen, a renowned global outdoor and workwear brand. This strategic move aims to enhance Kontoor's portfolio by diversifying its categories, channels, and geographic reach, particularly within the outdoor and workwear markets. Scott Baxter, President, CEO, and Chairman of Kontoor Brands, expressed enthusiasm about the milestone, highlighting the expected long-term value creation for shareholders. The acquisition is anticipated to positively impact the company's revenue, adjusted earnings per share, and cash flow starting in fiscal 2025, aligning with the company's previous outlook.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kontoor Brands Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250602917564) on June 02, 2025, and is solely responsible for the information contained therein.

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This strategic move aims to enhance Kontoor's portfolio by diversifying its categories, channels, and geographic reach, particularly within the outdoor and workwear markets. Scott Baxter, President, CEO, and Chairman of Kontoor Brands, expressed enthusiasm about the milestone, highlighting the expected long-term value creation for shareholders. The acquisition is anticipated to positively impact the company's revenue, adjusted earnings per share, and cash flow starting in fiscal 2025, aligning with the company's previous outlook.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kontoor Brands Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250602917564) on June 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1878469433.USD","symbol_name":"THREADNEEDLE (LUX) - AMERICAN SMALLER COMPANIES \"A\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250602:nNDL5L7Z3q:1","article_id":"2540176219","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540176219","pubTimestamp":1748861415,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Kontoor Brands, Inc.  has completed its acquisition of Helly Hansen, a renowned global outdoor and workwear brand. 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