Helly Hansen Acquired by Lee and Wrangler Parent for $900 Million USD

SummaryLee and Wrangler owner Kontoor Brands has closed its previously announced acquisition of Norwegian outdoor label Helly Hansen for $900 million USD.On Monday morning, Kontoor Brands, parent to heritage denim labels Lee and Wrangler, finalized its previously announced deal to acquire performance gear brand Helly Hansen, closing at $900 million USD."Today marks an exciting step forward for Kontoor as we expand our portfolio of iconic consumer brands," said CEO of Kontoor Brands Scott Baxter....