GMG and VF plan to open 300 stores in the next 5 years in MENA and SEA markets
GMG, a global retail conglomerate based in Dubai, has expanded its 12-year partnership with VF Corp. Under a newly agreed distribution and retail development agreement, GMG will expand the presence of VF brands in the region over the next five years through a growing network of new mono-brand partner stores ...
VF appoints Caroline Brown to the board after aligning with activist investor Engaged Capital
VF Corp. has appointed Caroline Brown to the company’s Board of Directors, effective Feb. 14, 2024. The appointment follows constructive discussions with VF’s shareholders, including Engaged Capital, LLC. VF also intends to appoint an additional independent director in the near future by mutual agreement with Engaged Capital and will give ...
The North Face, EMEA stronger in ‘challenging’ VF quarter
VF Corp., whose current portfolio includes The North Face (TNF), Vans, Timberland and Dickies, among others, initiated a strategic review of its brand assets after reporting disappointing Q3 results “across the board” that included double-digits declines in total sales, wholesale revenues and for three of its main brands. The group, ...
Icebreaker is 96.14% plastic-free, last 4% to follow soon
Since 2018, the Icebreaker brand, which was founded in New Zealand in 1995, has been pursuing the goal of banning all synthetic fibers from its collection under the motto “Plastic-free by 23”. Six years later, the Merino pioneer has to admit that the ambitious goal has still not been achieved. ...