All VF Corp. articles – Page 7
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ArticleVF plans to eliminate single-use plastic packaging by 2025
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, including The North Face, Vans, Timberland, Icebreaker and Eastpak, among others. The new targets revolve around the following four pillars : Eliminate all single-use plastic ...
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News briefsVF launches “Sustainable Solutions” digital media series
VF Corp. is partnering with a sister brand to the U.S. Weather Channel called Pattrn to launch a new digital media series that highlights its solutions to address climate change. The five-part series showcases the work happening across VF and its family of brands, including Vans, The North Face and ...
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ArticleEurope helps drive VF Corp’s momentum
After posting a loss for the first quarter of its financial year, ended June 30, 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 in part to investments made ...
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News briefs
VF releases product traceability maps
VF Corp. has made single files available for download to trace the supply chain for certain products through its last four of its five tiers. Each extends from finished product assembly (tier one) back through material production, raw material processing and raw material conversion (tier four), with raw material cultivation ...
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News briefsVF to move Asia-Pacific operations to Shanghai
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 transition ...
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ArticleOutdoor industry stocks among the winners of 2020
While the outdoor industry had a very difficult start of the year in 2020, when the pandemic forced Europe and America to adopt strict lockdowns, it bounced back significantly in the summer when restrictions were lifted, as people looked to escape crowds in the outdoors. The combined market capitalization of ...
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News briefsVF completes acquisition of Supreme
VF Corp. reports that it has completed its previously announced acquisition of the streetwear brand Supreme® for an aggregate base purchase price of $2.1 billion subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. As a result of the transaction, Supreme has become a wholly-owned subsidiary of ...
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News briefs
The North Face rejects Christmas gift order from Texas oil and gas firm
The North Face (TNF) allegedly refused to take an order for about 400 jackets from Innovex Downhole Solutions, an oilfield services group based in Houston, Texas. According to reports by WTVM, Innovex intended to offer North Face jackets, customized with the Innovex logo, to its employees as Christmas gifts, but ...
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News briefs
VF signs the UN Global Compact
VF Corp. is now a signatory to the United Nations Global Compact (UNGC) and has endorsed the 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 of forced, compulsory and child labor, ...
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VF named one of the “Top 75 Companies for Executive Women”
Working Mother Media (WMM), a U.S. strategic professional services firm that partners with companies to develop inclusive talent strategies, has named VF Corp. one of the “2020+ Top Companies for Executive Women.” This list is considered the most definitive list of top jobs for women seeking to move up the ...
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News briefsVF opens multi-brand store in Milan
The VF Group 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 show windows for each brand and ...
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News briefsDigital and free of charge: Milano Green Forum on Nov. 20
On Nov. 20, this year’s digital Milano Green Forum will try to increase environmental awareness, generating an awareness-knowledge of the potential of a possible radical change of paradigm. It is aimed at consumers, businesses, and institutions and presents new technological solutions, thus favoring a cooperative approach between research and industry, ...
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News briefsVF Corp. acquires street label Supreme
(SGI) VF Corp. has announced a definitive agreement to acquire Supreme, the iconic American streetwear brand. Details have yet to be finalized, but the $2.1 billion transaction is expected to close before the end of 2020. The deal values the brand at $2.1 billion in terms of enterprise value, based ...
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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 an executive capacity at Nike, Old Navy ...
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VF Foundation donates money for a new chairlift in Smartwool's hometown resort
The Steamboat Springs ski resort in Colorado has received an unexpected $1.5 million gift from Smartwool, the wool knit apparel brand known for its socks and underwear, which is to be used to build a new Barrows chairlift on Howelsen Hill. Smartwool was founded in the town of Steamboat and ...
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ArticleVF back to profits
After recording a loss and steep declines in revenues during its first fiscal quarter, VF Corp. bounced back in the second quarter, ended on Sept. 26, with a smaller decline in sales and a return to profits. The management said that year-to-date results have surpassed its expectations across all brands, ...
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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 dividing of all of its brands between two portfolios. Core Brands comprises Vans, The North Face (TNF) and Timberland. Steve Murray has become global brand president of TNF. He served as president ...
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News briefsSmartwool Europe partners up with POW Switzerland
For the upcoming winter season, Smartwool Europe has entered a partnership with Protect Our Winters (POW) Switzerland. POW was founded in 2007 by pro snowboarder Jeremy Jones and is a global non-profit charity that builds communities of athletes, activists and committed companies to work on solutions to make changes in ...
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News briefs
VF partner factory installs solar panels
QuangViet, a factory in Vietnam that handles production for VF Corp.’s brand The North Face, finished installing 3MWp solar panels in July. The installation of further panels is planned for this autumn. The panels manage to convert about 90 percent of the sunlight they capture into electricity. The factory expects ...
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ArticleTimberland announces ambitious sustainability goals
Timberland has not only announced that it wants to plant 50 million trees around the world over the next 5 years, but also to create a net positive impact on the environment by 2030. The latter, most ambitious goal includes that the VF Corp.-owned brand wants all of its products ...
