All VF Corp. articles

  • 2000px-Timberland-Logo.svg Kopie
    Article

    Timberland to create a regenerative rubber supply chain for footwear

    2021-05-03T13:06:00Z

    Timberland , along with parent company VF Corp. and sister brands Vans and The North Face , is partnering with Terra Genesis International in Thailand to build the footwear industry’s first regenerative rubber supply system. Timberland plans to pilot its first regenerative rubber footwear in 2023. ...

  • News briefs

    Former VF CFO joins Tapestry

    2021-05-02T12:30:00Z

    Tapestry , the New York-based owner of Coach , Kate Spade and Stuart Weitzman , has appointed Scott Roe as chief financial officer (CFO), effective June 1. Roe will have responsibility for all finance functions as well as leading the company’s strategy and consumer insights teams. He ...

  • News briefs

    VF divests its occupational workwear operations

    2021-04-30T14:43:00Z

    Completing a divestiture process that began in January 2020, VF Corp. has sold the occupational workwear portion of its Work segment to a subsidiary of Redwood Capital Investments for a yet undisclosed price. The deal should be closed during VF’s present quarter, which ends on June 30. The ...

  • News briefs

    VF Corp. appoints new CFO

    2021-04-25T08:38:00Z

    VF Corp. has promoted Matt Puckett to the position of executive vice president and chief financial officer, reporting to VF’s CEO, Steve Rendle , and serving on the company’s executive leadership team. Puckett joined VF in 2001 as a senior accountant in the finance department. In the ...

  • Bardon Fulfilment Centre
    Article

    VF’s new fulfillment center in the U.K. begins operations

    2021-04-08T17:15:00Z

    VF Corp. , through its local subsidiary VF Northern Europe Limited , has begun operations at its new fulfillment center in Bardon, Leicestershire, which will employ about 250 people at peak times. The new 55,800-square-meter center will have “state-of-the-art automation capabilities putting it at the forefront of the footwear ...

  • News briefs

    VF reshuffles its management in EMEA

    2021-04-01T13:38:00Z

    VF Corp. has announced several changes to its management for the EMEA region. Andreas Olsson has switched from VF’s director of group digital accounts to regional general manager of Dickies EMEA . He has been with VF since 2009, working in sales and marketing for Vans and ...

  • VF logo
    News briefs

    VF and Pensole offer corporate apprenticeship program for BIPOC students

    2021-03-11T17:24:00Z

    As part of its ongoing commitment to racial equity, VF Corp. brands Timberland , Vans and The North Face , in partnership with Portland-based footwear design academy Pensole Academy , have launched a new educational program in the U.S. called ” DiverCity x DESIGN . ” The ...

  • News briefs

    Vans devotes its new ad campaign to free-form art

    2021-03-03T07:27:00Z

    Vans describes its new ad campaign, “These Projects Are Ads for Creativity,” as “artist-first.” The skate shoe brand is encouraging its designers and others to “go out and make things – drawings, sculptures, music videos, custom shoes, digital animations, and much more” – and will display them for the ...

  • GBimage[1]
    News briefs

    VF discloses the allocation of its green bond proceeds

    2021-02-21T09:18:00Z

    VF Corp ., the mother company of The North Face , Timberland and other brands, has released its Green Bond Impact Report , in which it shows that the net proceeds of around €493 million from its inaugural green bond have been fully allocated. The money has ...

  • VF_Corp_Logo
    Article

    VF to promote labor diversity

    2021-02-15T13:36:00Z

    In line with its Council to Advance Racial Equity (CARE) and Inclusion, Diversity, Equity and Action (IDEA) initiative, VF Corp. is implementing a number of new measures in its labor policy. “All VF employees will participate in a foundational inclusion and diversity learning journey to ensure they share a ...

  • News briefs

    Moody’s downgrades VF

    2021-02-14T12:13:00Z

    Completing its review of VF Corp. ’s credit rating following its December acquisition of Supreme , Moody’s kept the company’s rating stable but lowered its senior unsecured debt and shelf ratings slightly. It confirmed its P-2 short-term commercial paper rating. Moody’s noted that VF’s financial leverage will remain high, ...

  • VF logo
    Article

    VF wants to eliminate single-use plastic packaging by 2025

    2021-02-10T16:21:00Z

    VF Corp . has announced new sustainable packaging goals, defined as “a critical component of VF’s global sustainability strategy” for its large portfolio of brands, which includes The North Face , Vans , Timberland , icebreaker and Eastpak , among others. The new targets revolve around the following ...

  • VF_Corp_Logo
    Article

    Europe helps drive VF’s momentum

    2021-01-29T09:36:00Z

    After posting a loss for the first quarter of its financial year, VF Corp. bounced back in the second quarter, and the third fiscal quarter ended Dec. 31 confirmed this recovery, driven by Europe and China. The good progress, which was attributed to in part to investments made in ...

  • footwear generic
    Article

    Stocks of footwear companies fell by 16.3% in 2020

    2021-01-18T09:27:00Z

    Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.

  • VF_Corp_Logo
    Article

    VF reorganizes APAC operations

    2021-01-12T09:49:00Z

    VF Corp. has decided to move the center of its brands’ operations in the Asia-Pacific region from Hong Kong to Shanghai, where it already has some 900 office and retail employees. Some of the operations will also be transferred to Singapore and Kuala Lumpur, the capital of Malaysia. The ...

  • VF_Corp_Logo
    News briefs

    VF signs the UN Global Compact, commits to women’s empowerment

    2020-12-13T13:18:00Z

    VF Corp. is a new signatory of the United Nations Global Compact (UNGC). The company has also endorsed the UN’s Women’s Empowerment Principles . The UNGC’s ten principles boil down to the upholding of “internationally proclaimed human rights,” freedom of association and collective bargaining for labor, the rejection ...

  • VF Milan store
    News briefs

    VF opens its first multi-brand store

    2020-12-02T13:38:00Z

    The VF Corporation has opened its first multi-brand store on a surface of 2,000 square meters on three levels in a landmark building near Milan’s cathedral. Named after its address, Orefici11 carries three brands – Timberland , The North Face and Napapijri – with dedicated ...

  • VF Supreme
    Article

    VF buys Supreme in $2.1bn deal

    2020-11-10T15:56:00Z

    VF Corp. has announced a definitive agreement to acquire Supreme , a young and cool American streetwear brand that has become an iconic symbol of a countercultural approach to fashion. The transaction is expected to close before the end of 2020 and is based on an enterprise value of ...

  • News briefs

    VF has a new VP of inclusion and diversity

    2020-11-04T09:52:00Z

    VF Corp. has appointed Lauren Guthrie as vice president of global inclusion and diversity (I D) in replacement of Reggie Miller , who is resigning. Guthrie has worked in merchandising for most of her career, first at Abercrombie Fitch and Levi Strauss , then in ...

  • Sustainable financing
    Article

    ​Sustainable financing becomes fashionable

    2020-10-21T10:07:00Z

    The French fashion group Chanel in September became the latest company in the business to make use of sustainable financing, an increasingly important accessory in the portfolio of companies that are looking to lower their environmental footprint. Chanel offered €600 million in “sustainability-linked” bonds to finance the achievement ...