VF to spin off Wrangler, Lee jeans to focus on activewear [MSN Money]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: MSN Money
© Paul Sakuma/AP Wrangler jeans are displayed at a store in Hayward, Calif. Paul Sakuma/AP VF Corp. plans to spin off its Lee and Wrangler jeans business to focus on faster-growing outdoor products and active wear such as its North Face and Vans brands. The spinoff to shareholders should be completed in the first half of next year, Greensboro, North Carolina-based VF said in a statement Monday confirming a report last week from the Wall Street Journal. The jeans business, which has yet to be named, will be based in Greensboro, while VF will move its headquarters to the Denver area. Load Error Sales of denim have slowed as consumers have embraced so-called athleisure clothing. Separating the business will allow management to focus more closely on it, VF said. Scott Baxter, VF’s group president, Americas West, will be chief executive officer of the new company, while finance executive Rustin Welton will be chief financial officer, VF said. The company said th
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VFC
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VFC
Earnings
- 2/6/24 - Miss
VFC
Sec Filings
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- VFC's page on the SEC website