VF Corp. denies speculation that tax reasons may have led it to relocate some customer service functions from Stabio in Switzerland to Nottingham in the U.K. last year. Citing business optimization reasons, VF points out that it also decided last year to move Timberland's apparel design center from London to StabioArena denies a report that the Capvis investment fund is exploring a possible sale of its controlling share in the Italian-based swimwear company, which it acquired four years ago. According to Arena's management, the company's sales are in line to reach a record for the seventh year in a row.

Topics