News Briefs – Page 4
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News briefs
S&P downgrades VF on Supreme’s acquisition
Standard & Poor’s has downgraded VF Corp., citing the high debt/Ebitda leverage of more than three times that will result from its planned $2.1 billion acquisition of Supreme. S&P thinks that a leverage of more than two times will persist at least until the fiscal year ending in March 2023, ...
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News briefs
VF signs the UN Global Compact, commits to women’s empowerment
VF Corp. is a new signatory of the United Nations Global Compact (UNGC). The company has also endorsed the UN’s 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 ...
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News briefsVF opens its first multi-brand store
VF Corporation 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 dedicated ...
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News briefs
Schmidt-Eisenhart will be Calida’s new CEO
The board of directors of the Swiss Calida Group, which is about to take full ownership of the Lafuma Group with its outdoor brands Millet and Lafuma, has appointed Timo Schmidt-Eisenhart, a veran of Nike and VF Corp. as its chief executive. He will succeed Reiner Pichler in the first ...
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News briefs
VF appoints 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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News briefs
Adidas ranks high in Forbes’ ‘Best Employers’ list
The highest-ranking sports-related company on Forbes’ annual “World’s Best Employers” list this year was Adidas, at number 11, with Nike two slots behind. The next ones down were Puma (47), Decathlon (82), Under Armour (355), Foot Locker (482) and VF Corp. (505). The e-tailers that offer sporting goods for sale ...
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News briefs
WFSGI proposes task force for digitalization of product labels
In a letter to its members, the World Federation of the Sporting Goods Industry (WFSGI) has announced the creation of a “Digitization of Product Information” task force, co-chaired by Decathlon and VF Corporation and aiming to promote digital labelling and best practices within the sporting goods industry. On the basis ...
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News briefs
VF to open its first multi-brand store
VF Corp. will be opening its first multi-brand store, called Orefici 11 Milano, in the autumn. Located in the Italian city, the three-level, 22,000-square-foot store is meant to reflect its surroundings, mimicking the courtyards, façades and balconies of typical Milanese apartment buildings, the so-called case di ringhiera (guard-rail houses). As ...
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News briefs
VF creates a new role for Greater China
VF Corp. has announced that it will soon appoint its first president for Greater China, responsible for Mainland China, Hong Kong and Taiwan. The name of the executive appointed to this role will be unveiled later this summer. Other big sports companies like Adidas and Nike already make a distinction ...
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News briefs
More backing for “Black Lives Matter”
Doubling up on its “For once, don’t do it” message one week ago on Twitter to protest the murder on May 25 of George Floyd, Nike announced that it will donate $40 million over the next four years to “organizations focused on social justice, education and addressing racial inequality in ...
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News briefs
VF Corp. looks at virtual reality
VF Corp. is exploring virtual reality as part of its strong investments intending to become “hyperdigital.” Cemtrex has announced that it has received an order from VF to create a virtual reality (VR) application. The VR application, which is due to be delivered within the current quarter, aims to create ...
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News briefs
Management changes at Eastpak and Kipling
VF Corp. saw a number of management changes on April 1. Nina Flood, until now president of Kipling Americas, left to become president of another VF brand, Eastpak. Settling in Antwerp, Belgium, Flood now has charge of the backpack brand’s marketing and sales operations and is reporting to Martino Scabbia ...
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News briefs
VF closes industry’s first “green bond”
(OIC) VF Corp. announced on Feb. 27 the closing of the first “green bond” in the apparel and footwear industry. The net proceeds from the €500 million bond offering will be used for investment in programs within the company’s “Made for Change Sustainability & Responsibility Strategy,” and to drive progress ...
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News briefs
Woolrich International has appointed two new executives, recruiting them from...
Woolrich International has appointed two new executives, recruiting them from VF Corp. Federico Manno will serve as general manager of global direct-to-consumer and digital key accounts, and Gaetano Coccopalmeri as export sales director. Both roles are new. Stefano Saccone, another former executive of VF, became chief executive of Woolrich last ...
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News briefs
Vans, a brand of VF Corp., has announced the launch...
Vans, a brand of VF Corp., has announced the launch of Vans Checkerboard Day, an annual event to rally communities around the idea of fueling creativity. On the inaugural Vans Checkerboard Day, which will be held on Nov. 21, Vans will donate $1 million from global sales at the brand's ...
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News briefs
Sportalm has hired Dirk Parcel to oversee the company's distribution,...
Sportalm has hired Dirk Parcel to oversee the company's distribution, sales and marketing operations. Parcel took on the role at Sportalm on Sept. 2. The former VF Corp. manager oversaw the American group's outdoor label Napapijri in Germany, Austria and Switzerland.
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News briefs
Vans has launched Global Custom Culture, a contest for prospective...
Vans has launched Global Custom Culture, a contest for prospective designers among the fans of the skate shoe brand. The contest is open to consumers from the U.S., Canada, Mexico, Germany, the U.K., France, Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, the Philippines, Singapore, Thailand, Vietnam and Taiwan. ...
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News briefs
VF Corp. has announced that it will stop directly sourcing...
VF Corp. has announced that it will stop directly sourcing leather and hides from Brazil, mentioning concerns over the environmental impact made by cattle ranchers clearing land to raise cattle or source timber. This practice is believed to be causing the vast majority of the fires that are currently destroying ...
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News briefs
VF Corp. is once again holding its “Purpose Days” program....
VF Corp. is once again holding its “Purpose Days” program. During the week of Sept. 9, some 500 employees in Europe, the Middle East and Africa (EMEA) have been volunteering their time for various activities to support their communities. Working with non-profit organizations, the American lifestyle company, which owns many ...
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News briefs
Napapijri, a brand of VF Corp., has announced that the...
Napapijri, a brand of VF Corp., has announced that the Skiddo Infinity, the latest version of its Skidoo jacket, can be recycled at the end of its life. The jacket uses Econyl recycled Nylon 6, from Aquafil. Napapijri invites buyers of the product to register the purchase date online, with ...
