News Briefs – Page 3
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News briefs
TNF teams up with Spinnova
The North Face (TNF) and Spinnova, the Finnish sustainable materials company, have partnered to develop new high-performance, sustainable textiles for the outdoor apparel category, reducing the impact of the textile industry on the environment. Spinnova fiber is produced with minimal water usage, without harmful chemicals and with minimal CO² emissions. ...
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News briefs
JanSport sues wholesaler for reselling backpacks as “new”
JanSport Apparel Corp., a subsidiary of VF Corp., is suing Los Angeles-based Bravo Wholesale of Los Angeles 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 ...
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News briefsSmartwool appoints new sales and e-commerce executives
Jennifer McLaren, CEO of Denver-based merino specialist Smartwool, has named two new executives for the brand’s sales and e-commerce departments. Corey Stecker, previously international general manager of sales and marketing, was promoted to global head of sales. He has been with Smartwool since 2016. In his new role, he assumes ...
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News briefsTNF to retire its Futurelight logo
The North Face plans to “phase out and discontinue” the logo it introduced in 2019 for its Futurelight line of apparel and accessories. In January, a graffiti artist in New York working under the name Futura filed a lawsuit in California Central District Court alleging that the VF-owned brand had ...
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News briefs
The North Face and Supreme launch new collaborative outerwear line
The North Face (TNF) and Supreme have teamed up once again on a line of clothing, this time designed for extreme cold weather and high alpine conditions. The line is centered around TNF’s Summit Series. The range, made exclusively for Supreme, which belongs to the same group since Dec. 28, ...
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News briefs
VF is splitting up Icebreaker
Four years after acquiring the brand of merino-wool apparel based in New Zealand, VF Corp. has decided that it 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, ...
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News briefs
VF divests its occupational workwear operations
Completing a divestiture process that began in January 2020, VF Corp. has sold the occupational workwear portion of its Work segment to a subsidiary of Redwood Capital Investments for a yet undisclosed price. The deal should be closed during VF’s present quarter, which ends on June 30. The group is ...
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News briefsVF Corp. appoints new CFO
Source: VF Corp. Matt Puckett VF Corp. has promoted Matt Puckett to the position of executive vice president and chief financial officer, reporting to VF’s CEO, Steve Rendle, and serving on the company’s executive leadership team. Puckett joined VF in 2001 as a senior accountant in the ...
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News briefs
Patent office finds Timberland’s iconic boot design too generic
The U.S. Patent Office’s Trademark Trial and Appeal Board denied a bid by VF Corp. to register the design of Timberland’s iconic Yellow Boot, concluding that it lacks sufficient acquired distinctiveness. The board noted that there was no evidence that competitors were trying to intentionally copy the boot’s trade dress, ...
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News briefsVF’s new fulfillment center for the U.K. begins operations
Working through a local subsidiary, VF Northern Europe, VF Corporation has begun operations at its new fulfillment center in Bardon, Leicestershire, which will employ about 250 people at peak times. The new 55,800-square-meter center will have “state-of-the-art automation capabilities putting it at the forefront of the footwear and apparel industry,” ...
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News briefs
VF changes its management in EMEA
VF Corp. has announced several changes to its management for the EMEA region. Andreas Olsson has switched from VF’s director of group digital accounts to regional general manager of Dickies EMEA. He has been with VF since 2009, working in sales and marketing for Vans and The North Face. He ...
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News briefs
Vans devotes its new ad campaign to free-form art
Vans describes its new ad campaign, “These Projects Are Ads for Creativity,” as “artist-first.” The skate shoe brand is encouraging its designers and others to “go out and make things – drawings, sculptures, music videos, custom shoes, digital animations, and much more” – and will display them for the next ...
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News briefsThe VF Foundation releases its first Impact Report
The VF Foundation, the philanthropic arm of VF Corp. established in 2004 and based in Denver, has released its first report detailing the positive impact that its financial grants and philanthropic partnerships have had on more than four million people in 53 countries over the past year. From April ...
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News briefs
VF Corp. named as one the World’s Most Ethical Companies
VF Corp. has been listed by Ethisphere among the “2021 World’s Most Ethical Companies.” VF has received this recognition for the fifth consecutive year, and is the only honoree in the apparel industry to be named this year. In 2021, 135 companies have been selected for their commitment to business ...
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News briefsVF Corp. allocates the proceeds from its Green Bond
VF Corp. has released its Green Bond Impact Report, in which it shows that the net proceeds of around €493 million from its inaugural Green Bond have been fully allocated to 13 of VF’s eligible sustainability projects worldwide, including 2 million trees planted, around 16,000 metric tons of CO² emissions ...
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News briefs
VF’s Icebreaker has a new global president
Jan Van Mossevelde is VF Corp’s new global president for the Icebreaker brand. Succeeding Greg Smith, who has resigned, Van Mossevelde will be working out of the brand’s international head office in Auckland, New Zealand, while reporting to Martino Scabbia Guerrini, president of the EMEA region. The new position is ...
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News briefs
Moody’s downgrades VF
Completing its review of VF Corp.’s credit rating following its December acquisition of Supreme, Moody’s kept the company’s rating stable but lowered its senior unsecured debt and shelf ratings slightly. It confirmed its P-2 short-term commercial paper rating. Moody’s noted that VF’s financial leverage will remain high, predicting that its ...
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News briefsVF launches “Sustainable Solutions” digital media series
VF Corp. Is partnering with Pattrn, a sister brand of IBM’s Weather Channel, 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 Icebreaker, and ...
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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 the last four of its five tiers. Each file goes from the finished product assembly stage (tier one) back through material production, raw material processing and raw material conversion (tier four), with ...
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News briefsVF completes the acquisition of Supreme
VF Corp. reports that it has completed its previously announced takeover of Supreme®, the iconic American streetwear brand, for an aggregate base purchase price of $2.1 billion. The final price will be subject to customary adjustments for cash, indebtedness, working capital and transaction expenses. VF expects the brand to ...
