VF Corp has announced that it has completed the sale of its Contemporary Brands businesses, which include 7 for All Mankind, Splendid, and Ella Moss, to Delta Galil Industries, a global manufacturer and marketer of private label clothing.

As reported by ILM, VF entered into a definitive agreement with Delta Galil regarding the sale of these businesses end of June. The final selling price has not been confirmed but has been estimated at US$120 million, subject to various working capital adjustments.