The divestiture is expected to be completed by the time of the Q420 earnings call in May 2020, and generate more $1 billion in proceeds. VF told analysts the occupational work segment is a cyclical business, and it believes the brands are being sold at a favorable point in the cycle.
VF Corp , one of the world’s biggest apparel makers, will spin off Lee and Wrangler jeans into a separate public company, it said on Monday, allowing it to focus on its more profitable Vans …
1/21/2020 · VF Corp. (NYSE: VFC) is reviewing a possible divestiture of nine workwear brands that generated $865 million in revenue for the Denver-based apparel giant in 2019.
Sector Industry Market Cap Revenue Consumer Discretionary: Textile – Apparel Manufacturing: $30.987B: $10.489B: VF Corporation outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans, The North Face, Timberland, Wrangler and Lee.
VF Corp said on Tuesday it was starting a review for nine workwear brands that target businesses, including Red Kap and Bulwark, as the apparel maker looks to focus on its retail-oriented …
Occupational Workwear Business: VF intends to proceed with the divestiture of its Occupational Workwear business as announced on January 21 and is actively engaged with prospective buyers.
1/21/2020 · Susquehanna Financial Group analyst Sam Poser was bullish on the firm following news of a possible divestiture , which would slim down VF ’s portfolio from 21 to a dozen brands.
8/13/2018 · the latest divestiture for VF , which in the past two years has sold off labels including 7 for All Mankind, Splendid, Nautica and Majestic licensed sports apparel.
