All VF Corp. articles – Page 4
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News briefsVF appoints new VP investor relations
Source: VF Corp Allegra Perry VF Corp. has appointed Allegra Perry to the position of vice president, investor relations, effective Jan. 2022. She will report to VF’s chief financial officer, Matt Puckett, and work closely with the group’s executive leadership team and executives across the company’s 12 ...
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ArticleVF maintains FY outlook despite supply chain issues limiting Q2 sales growth
VF Corp improved its guidance for the full year (to $12.0 billion from $11.8 billion) despite a more challenging than expected operating environment in the second quarter. Overall revenues for the group that owns brands including Vans, The North Face (TNF), Timberland, Icebreaker and Smartwool increased by a reported ...
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News briefsPolartec adds fabric library to Browzwear for digital 3D design solution
The Milliken & Company brand Polartec started a new partnership with Browzwear, a provider of 3D digital solutions for the apparel industry (headquartered in Singapore, with seven offices globally). Browzwear software users will now be able to design and create with Polartec’s performance fabric range. The library ...
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VF and WaterAid partner to vaccinate Cambodians
In an effort to protect workers’ health and keep the supply chain steady, VF is supporting the distribution of Covid-19 vaccines in Cambodia. VF’s Worker and Community Development program partnered with the nonprofit WaterAid to support the Cambodian government’s Covid-19 response plan rollout. More than 20,000 factory workers and 300,000 ...
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News briefsVF Foundation announces $5.5 million in community investments
The VF Foundation, the private grantmaking organization funded by VF Corp, announced that it has donated $5.5 million to 60 organizations worldwide this year. Grant recipients were selected based on their innovative contributions to creating a more equitable and sustainable future. Of the total $5.5 million awarded, nearly $3 million ...
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News briefsVF and Redress announce winner of 2021 sustainable design competition
VF Corp. continued its three-year partnership with environmental organization Redress by announcing the winner of the 2021 Redress Design Award, the world’s largest sustainable fashion design competition. Ten finalists from the U.S., U.K., Germany, India and Greater China participated in virtual events held Sept. 1-11. The event included educational challenges ...
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ArticleTravis Campbell acquires Eagle Creek from VF, European organization stays on board
Effective Sept. 3, the newly formed Eagle Creek Holdings LLC owns Eagle Creek after acquiring the brand from VF Corp. The new entity based in Steamboat Springs, Colorado, is owned by Travis Campbell, an outdoor industry veteran and former president of emerging brands at VF, who left the group end ...
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ArticleStand.Earth gives fashion, outdoor and sports industries poor grades for sustainability
In its Fossil-Free Fashion Scorecard 2021, environmental advocacy organization Stand.Earth surveyed and ranked 47 outdoor, sports and fashion brands on their environmental actions in various areas. Stand.Earth sees the fashion industry in a business-as-usual reliance on fossil fuels to manufacture and ship its garments that is not consistent with a ...
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JanSport sues wholesaler for reselling backpacks as “new”
JanSport, a subsidiary of VF Corp., is suing Los Angeles-based Bravo Wholesale Inc. for allegedly selling inferior JanSport products on Amazon.com and other online stores. According to JanSport, Bravo obtains JanSport products from unauthorized dealers and markets them as “new” while they are often used or defective. The lawsuit was ...
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VF brands get high marks for transparency
Three VF Corp brands – The North Face , Timberland and Vans - ranked high in the 2021 Fashion Transparency Index published by Fashion Revolution , a global activist movement that is pushing for greater disclosure in fashion supply chains, warning that progress in transparency ...
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ArticleOutdoor company stocks continue to gain ground in Q2
From the first quarter to the second quarter of 2021, the 32 outdoor stocks we track were up 13.82 percent. Neither the bike nor the retail companies had a major impact here, but rather a few of the large groups such as Anta Sports, Vista Outdoor and American Outdoor Brands, ...
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News briefsIcebreaker releases fourth Transparency Report, focuses on plastic-free goals
Icebreaker , a brand of VF Corp. , has released its fourth Transparency Report . A major highlight in the latest edition of the report reveals that 91 percent of the brand’s total fiber composition is now merino or plant-based, up from 87 percent in 2020. Icebreaker forecasts to sell ...
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News briefsVF sells its Work segment, except Dickies and Timberland Pro
After announcing in April that it had reached a definitive agreement to sell this business unit, VF Corp. announced that it has completed the divestiture of the workwear portion of its Work segment to an affiliate of Baltimore-based Redwood Capital Investments, LLC , a diversified holding company. The transaction ...
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ArticleEagle Creek to be shut down in fall for financial and strategic reasons
As previously noted , VF Corp . has decided to cease operations of its Eagle Creek travel and luggage brand this fall. Before the end of the company’s activities, pre-orders for fall/winter will be delivered and also follow-up business is planned to be served - as far as possible ...
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VF seeks U.S. founders for innovation challenge
VF Corp .’s new Venture Foundry incubator is launching an Entrepreneur In Residence (EIR) Innovation Challenge in the U.S. The challenge, designed to identify and validate high-growth opportunities that support VF’s goal of promoting sustainable and active lifestyles for the benefit of people and the planet, is ...
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News briefsVF reportedly plans to discontinue Eagle Creek
Eagle Creek , the luggage and backpack brand, will cease operations by the end of the year, according to a report in the U.S. Outside Business Journal . Eagle Creek was founded in 1975 by Steve and Nona Barker in the San Jacinto Mountains of California and acquired by VF ...
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ArticleVF Corp. launches new incubator platform to develop innovative business models
VF Corp. has launched Venture Platforms , an “innovation pillar that will focus on identifying and investing in new, future-focused opportunities.” The new brand pillar within the group will add a specific innovation-focused component to the existing brand portfolio strategy, which will focus on identifying and investing in new, ...
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News briefsVF pledges to eliminate child labor
VF Corp. has created a new Child Rights Action Pledge to strengthen children’s rights and eliminate child labor throughout the global apparel supply chain by 2025. As part of its pledge, VF commits to integrate the Children’s Rights and Business Principles developed by UNICEF , the ...
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ArticleVF’s momentum on the rise, positive outlook for 2022
VF Corp. ended its fiscal year on a high note, prolonging a recovery that started in the second quarter. For the fourth quarter ended March 31, the company confirmed that its momentum is accelerating, delivering revenues that increased by 23 percent to $2,582 million, or 19 percent in constant ...
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VF is splitting up Icebreaker, laying off up to 50
Four years after acquiring the New Zealander brand of merino-wool apparel, VF Corp. will be splitting Icebreaker into three entities, according to reports in the NZ Herald . Two of these entities will be operating out of the present headquarters, in the city of Ponsonby, and the other ...
