VF's two-paragraph news release did not address whether a potential sale of VF Majestic to Under Armour was in the works, and spokesman Craig Hodges declined to provide further information because talks are ongoing. But VF has been trying to unload the division that includes Majestic, announcing in March that it was exploring "strategic alternatives" for its Licensed Sports Group business. Under Armour has been mentioned by experts as a possible suitor.