The Authentic Brands Group (ABG) has acquired the lifestyle brand Nautica from VF Corporation, which still includes The North Face or Timberland and Vans.

Nautica is now the group's largest brand, including Spyder. ABG's portfolio increases globally to almost 7 billion dollars in annual sales.

This acquisition brings it closer to its goal of achieving a retail sales split of 50 percent international and 50 percent domestic and reaching 10 billion dollars in annual retail sales by 2020.

Nautica's wholesale business, over 70 US retail stores, e-commerce and product development will be transferred to the operating company of Aeropostale, which is also part of the ABG Group.

It now works for both the clothing brand and Nautica. Aeropostale and Nautica together generate annual sales of approximately 2.4 billion dollars worldwide.