January 18, 2019
Powered by a 25% sales increase from Vans and a 14% gain from The North Face, VF posted a profit of $463,509,000 in the fiscal third quarter ended Dec. 29 against a $90,269,000 loss on 8% higher revenue of $3,940,159,000 up from $3,649,283,000.
The Austrian equipment company was the successful bidder for the assets of the Performance Bicycle parent, according to a court filing.
The Big Cat will bring together its two offices currently located in Boston and Westford, MA, into a new 150,000-sq.-ft. space in Somerville, just north of Boston.
The program, dubbed “Platform A”, will receive a total of €1 million from the Big a, and will be located in Paris at start-up campus Station F.