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.
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