All VF Corp. articles – Page 4
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ArticleStocks of footwear companies fell by 16.3% in 2020
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.
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ArticleVF reorganizes APAC operations
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 ...
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News briefsVF signs the UN Global Compact, commits to women’s empowerment
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 ...
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News briefsVF opens its first multi-brand store
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 ...
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ArticleVF buys Supreme in $2.1bn deal
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 $2.1 billion ...
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News briefs
VF has a new VP of inclusion and diversity
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 ...
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ArticleSustainable financing becomes fashionable
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 of carbon ...
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ArticleVF returns profitable in Q2
After recording a loss and steep declines in revenues during its first fiscal quarter, VF Corp. , whose core brands are Vans , The North Face and Timberland , bounced back in the second quarter, ended on Sept. 26, with a smaller decline in sales and a return ...
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ArticleVF matches its management to its new business model
VF Corporation is changing its management structure to suit changes in the way it does business, notably the grouping of all brands into dual portfolios. Core Brands comprises Vans , The North Face (TNF) and Timberland . Doug Palladini and Steve Murray have become global brand ...
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ArticleChanel issues €600 million in green bonds
The fashion house Chanel placed €600 million in sustainability-linked bonds, or green bonds, that will finance the achievement of carbon reduction targets outlined in its Mission 1.5° plan. The company aims to halve its own emissions by 2030, cut the greenhouse gas emissions of its supply chain by 10 percent ...
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ArticleVF expects some improvement in the second fiscal quarter
Despite posting steep declines in revenues and earnings for its first quarter ended on June 30, the management of VF Corp. insisted that the company is in a strong position to get through the coronavirus pandemic because of its “financial and operational rigor” and the progress it has made ...
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News briefs
VF to open its first multi-brand store
VF Corp. will be opening its first multi-brand store, called Orefici 11 Milano , in the autumn. Located in the Italian city, the three-level, 22,000-square-foot store is meant to reflect its surroundings, mimicking the courtyards, façades and balconies of typical Milanese apartment buildings, the so-called case di ringhiera (guard-rail ...
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News briefs
Timberland joins forces with Klarna for buy now, pay later service
Timberland , a VF Corp. brand, has entered a partnership with Klarna , a Swedish specialist in online financial services, to offer the footwear brand’s U.S.-based e-commerce customers a flexible ”buy now, pay later” option. With this service, clients can make four equal payments with no interest added. ...
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News briefs
Vans helps retailers with “Foot the Bill” initiative
VF Corporation’s Vans brand is seeking to help the small skate shops that have underpinned its success and other local businesses weather the Covid-19 storm. Its “Foot the Bill” customization initiative – which involves the brand’s small business partners designing their own Vans and pocketing the net proceeds from their ...
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Article
VF claims it can navigate through the Covid storm easily
In releasing its financial results for the fourth quarter ended on March 31, the management of VF Corp. insisted that the company is in a better position than some of its competitors to navigate through the “storm” caused by the coronavirus pandemic for several reasons, including good liquidity, a ...
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News briefs
VF appoints director for its foundation
VF Corp. has announced the appointment of Gloria Schoch as director of the VF Foundation global impact. The VF Foundation is the private grant-making organization funded by VF Corp. In her new role, Schoch will lead the foundation’s support of non-profit organizations that promote sustainable and active lifestyles, ...
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Article
VF lowers its outlook
In releasing its results for its third quarter ended on Dec. 28, VF Corporation said its business in the financial year so far has performed at the high end of its group’s long-term growth objectives, but the management admitted that it will not be able to meet the targets it ...
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