Vans and Wrangler parent VF Corp. to spin off jeans business into publicly traded company [MarketWatch]
V.F. Corporation (VFC)
Last v.f. corporation earnings: 1/23 06:55 am
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Source: MarketWatch
Vans and Wrangler parent VF Corp. to spin off jeans business into publicly traded company VF Corp. VFC, +0.77% said Monday it plans to spin off its jeans business, which includes the Wrangler and Lee brands, as part of its plan to separate into two independent publicly traded companies. The stock was still inactive in premarket trade. The announcement confirms a report in The Wall Street Journal on Friday that the company was exploring strategic options for its denim business. The two companies will include VF Corp., which apparel and footwear brands include Vans, The North Face and Timberland, and a company not yet named that will include VF's jeans and outlet businesses. "Our Jeans platform is a successful, sustainable business with iconic global brands and a clear path to value creation as a standalone entity," said Chief Executive Steve Rendle. Separately, VF said it will move its headquarters to the metro Denver area, from North Carolina. The stock has rallied 30% year to date
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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