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VF CORPORATION COMPLETES ACQUISITIONS OF VIVESA AND JBE, TWO MAJOR INTIMATE APPAREL COMPANIES IN EUROPE

 WYOMISSING, Pa., Dec. 31 /PRNewswire/ -- L. R. Pugh, chairman, president and chief executive officer of VF Corporation (NYSE: VFC), today announced the completion of the acquisitions of Vives Vidal, S.A. ("Vivesa"), and its affiliate, Jean Bellanger Enterprises ("JBE"). Plans for the acquisitions had been announced on Dec. 22, 1992.
 Vivesa, based in Igualada (Barcelona), Spain, is a leading European manufacturer and marketer of women's lingerie primarily in Spain under the Gemma and Intima Cherry brand names. JBE, based in Paris, manufactures and markets lingerie under the Lou and Carina brand names principally in the French market. Mr. Pugh stated, "These two companies, along with our acquisition of the Valero Group in January 1992, confirms our commitment to building a strong presence in branded intimate apparel in Europe."
 The combined annual sales of Vivesa and JBE are approximately $150 million. VF paid approximately $154 million for purchase of the stock and repayment of outstanding debt of the companies.
 VF Corporation is an international apparel company headquartered in Wyomissing and is a leader in the jeanswear, activewear, intimate apparel and occupational apparel markets. Its principal brands are Lee, Wrangler, Rustler, Marithe & Francois Girbaud, Bassett-Walker, Jantzen, JanSport, Vanity Fair, Vassarette, Barbizon, Variance, Siltex, Bolero, Silhouette, Red Kap, WorkWear and Healthtex. In 1991, VF ranked 152nd in Fortune's "500 Largest U.S. Industrial Corporations."
 -0- 12/31/92
 /CONTACT: Gerard G. Johnson, vice president and chief financial officer of VF Corporation, 215-378-1151/
 (VFC)


CO: VF Corp.; Vives Vidal, S.A.; Jean Bellanger Enterprises ST: Pennsylvania IN: TEX SU: TNM

GK-SH -- NY008 -- 0865 12/31/92 11:05 EST
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Publication:PR Newswire
Date:Dec 31, 1992
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