VF Corporation Plans to Spin Out Its Denim Brands [The New York Times]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: The New York Times
Denim is out. Athleisure is in. For VF Corporation, the apparel company that owns Wrangler and Lee jeans, that made for a simple decision. VF announced on Monday that it planned to spin out its denim brands into a separate publicly traded business, so it can better focus on its faster-growing activewear and lifestyle clothing lines like The North Face and Vans. VF has spent much of the past two decades diversifying away from denim through acquisitions, including its $2 billion takeover of Timberland in 2011, and shedding slower-growing businesses. The company sold its Vanity Fair Intimates line of underwear over a decade ago, and more recently has sold off brands like Seven for All Mankind, one of the first premium denim labels, and Nautica. Here’s a list of the brands VF owns: ¦ Altra ¦ Bulwark ¦ Dickies ¦ Eagle Creek ¦ Eastpak ¦ Horace Small ¦ Icebreaker ¦ JanSport ¦ Kipling ¦ Kodiak ¦ Lee ¦ Riders by Lee ¦ Napapijri ¦ Red Kap ¦ Reef ¦ Rock & Republic ¦ SmartWool ¦ Terra
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VFC
Earnings
- 2/6/24 - Miss
VFC
Sec Filings
- 4/26/24 - Form 8-K
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- VFC's page on the SEC website