VF Corp. has announced the purchase of Seven for All Mankind. VF reports they expect to pay $775 million for Seven which projects their 2007 revenue to be $300 million.

Mike Egeck resigned from VF last year to become CEO of Seven. he will return to VF this year as president of the new group at VF overseeing Seven for All Mankind and Lucy Activewear. Additional brands are expected to join the portfolio.

VF Corp.’s other brands include Lee, Wrangler, the North Face, and John Varvatos.