John Varvatos

Greensboro, N.C.-based VF Corp. has signed an agreement to acquire the trademarks and intellectual property of Los Angeles-based fashion denim company Rock & Republic for $57 million in cash, according to WWD.com. Rock & Republic fell into bankruptcy earlier this year. According to the terms of the deal, VF Corp. will purchase the Rock & Republic brand name, but not its retail stores or business operations. The deal, expected to close in spring 2011, is subject to bankruptcy court approval. Rock & Republic will add to VF Corp.'s portfolio of brands, which includes 7 For All Mankind, John Varvatos,