All VF Corp articles

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    News briefs

    The 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. ...

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    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 ...

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    VF 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 ...

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    VF wants more “equity” in its labor policy


    In line with its Council to Advance Racial Equity (CARE) and Inclusion, Diversity, Equity and Action (IDEA) initiative, VF Corp. is implementing a number of new measures in its labor policy. “All VF employees will participate in a foundational inclusion and diversity learning journey to ensure they share a ...

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    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, ...

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    VF Corp. wants 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, which includes The North Face , Vans , Timberland , icebreaker and Eastpak , among others. The new targets revolve around the following ...

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    VF 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 , ...

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    Europe helps drive VF’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 to in part to ...

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    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), ...

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    VF 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 ...

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    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 ...

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    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 ...

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    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 ...

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    VF acquires Supreme


    VF Corp. has announced a definitive agreement to acquire Supreme , a young and cool American streetwear brand that has become an iconic symbol of a countercultural approach to fashion. Details have yet to be finalized, but the $2.1 billion transaction is expected to close before the end of ...

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    VF wants to be more agile and digital


    After releasing VF Corporation ’s figures for the second quarter ended on Sept. 30, the group’s management said it felt that the worst of the Covid-19 crisis is over by now, but pointed out that the crisis will be prolonged, that the situation is going to be “volatile,” and ...

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    VF goes back into the black


    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 ...

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    Reorganizing the top management, VF names Steve Murray president of TNF


    VF Corporation is changing its management structure to suit changes in the way it does business, notably by dividing its brand portfolio into Core Brands and Emerging Brands and by getting them to be managed differently to help them achieve their full potential. Until now, the operations of its ...

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    VF expects some improvement in the second quarter


    Despite posting steep declines in revenues and earnings for its first quarter ended on June 30, the management of VF Corp. insisted that the company is in a strong position to get through the coronavirus pandemic because of its “financial and operational rigor” and the progress it has made ...

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    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 ...

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    Facebook boycott gains ground in the sports sector


    Big sports brands like Adidas , Arc’teryx , Lululemon , Puma and Reebok have joined many others in the last few days in boycotting Facebook in response to a call by six civil rights group to stop advertising on the leading social network in order to ...