Nautica Struggles to Stay Afloat and Is Now up for Sale

Early last year, Nautica took aim at appealing to a younger streetwear demographic with the announcement of Lil Yachty helming creative designer duties. The move looked promising, with the young rapper bringing the brand's bold nautical styling back to the forefront. With that said, the acquisition fell flat as news of the label being put up for sale now being publicized. Nautica's parent company, VF Corp., revealed this week that it would scrap the brand from its current roster -- labeling it a...