NEW YORK (Standard&Poor's) July 26, 2007--Standard&Poor's Ratings Services said today its ratings and outlook on apparel manufacturer VF Corp. (A-/Stable/A-2) would be unaffected by the company's announcement that it will acquire two companies, Seven for All Mankind LLC and lucy activewear inc., for a total of about $885 million. The transaction is subject to customary regulatory approvals and is expected to be completed in August 2007. The company will fund the transactions with a combination of cash on hand, short-term, and long-term borrowings. Standard&Poor's ratings on Greensboro, N.C.-based VF assumes that the company will be acquisitive and that there is a level of integration risk in any transaction. These latest acquisitions will provide VF's
