VF news and archive

VF expects its transformation program to reduce debt and drive profitability

VF Corp. has announced the medium-term financial targets including adjusted operating margin of at least 10 percent, adjusted gross margin of at least 55 percent, adjusted SG&A as a percentage of revenue of 45 percent or lower and net leverage of 2.5x or below. Commenting on the update ahead of the company’s investor day, Bracken Darrell, VF...

Business

VF's Q1 loss widens, revenues drop

VF Corporation’s first quarter revenues of 1.9 billion dollars, were down 9 percent or 8 percent in constant dollars. The company reported loss per share of 67 cents and adjusted loss per share of 33 cents versus the first quarter of the previous year. VF also announced a quarterly per share dividend of 9 cents. Commenting on the first quarter...

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VF names Caroline Brown as global brand president of The North Face

VF Corporation has announced the appointment of Caroline Brown as global brand president of The North Face, starting the week of June 10, 2024. The company said in a statement that Brown succeeds Nicole Otto and, as a result of her appointment, Brown has resigned as a member of the VF board of directors. “With Caroline’s intense focus on brand...

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VF names new CFO amid turnaround efforts to boost sales

Fourth quarter revenue of 2.4 billion dollars at VF Corporation, was down 13 percent with The North Face down 5 percent, brand DTC up 6 percent or 7 percent in constant dollars, with ongoing weakness in US wholesale. FY24 revenue of 10.5 billion dollars, was down 10 percent or 11 percent in constant dollars. The company also announced the...

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Tommy Hilfiger collaborates with Timberland to celebrate nineties heritage

American designer Tommy Hilfiger is collaborating with VF-owned Timberland on a hybrid capsule collection that pays homage to the colourful signature styles of the ‘90s. The TommyxTimberland capsule is formed of apparel, footwear and accessories and is described as a “creative clash” between the classic American DNA of Tommy Hilfiger and...

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Icebreaker and Spinnova to develop circular mid-layer products

New Zealand-based Icebreaker is teaming up with material tech company Spinnova to developing fully circular mid-layer products out of merino wool and Spinnova fibre. The VF-owned, ethical and sustainable natural performance apparel brand is working with Spinnova on a joint sustainability journey to develop a mid-layer product with a minimal...

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Icebreaker gets closer to plastic-free goal in latest transparency report

New Zealand-based natural performance apparel company, Icebreaker, has released the fourth instalment of its annual Transparency Report that states the brand has reached 91 percent progress on its ambitious plastic-free by 2023 target. Icebreaker provides natural, high-performing outdoor clothing as an alternative to plastic-based synthetic...

People

Vans appoints Kristin Harrer as global chief marketing officer

California streetwear brand Vans announced that Kristin Harrer has joined the company as the global chief marketing officer, effective today. Harrer, former Dollar Shave Club CMO, will lead the VF Corporation-owned brand’s global marketing and creative teams across all Vans’ retail, brand, and digital channels. “In addition to being an...

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Vans sets new sustainability targets to reduce environmental impact

Action sports brand Vans is reaffirming its sustainable position with new goals to reduce its global environmental impact, including committing to making core materials 100 percent regenerative, responsibly sourced, renewable or recycled by 2030. The California-based brand, part of VF Corporation, said it was moving towards creating circular...

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Redress Design Award to offer winner a collaboration with Timberland

Sustainable fashion competition, Redress Design Award has opened applications for 2021 and has announced career-changing prizes including an opportunity to collaborate with Timberland on a design project, as well as win 50,000 Hong Kong dollars. Organised by environmental charity Redress with Create Hong Kong of the Government of the Hong Kong...

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VF Corporation announces new programs to advance racial equity

VF Corporation announced its implementing new programs and actions to advance racial equity within the company and beyond. The CARE program aims to combat further opportunity gaps that Black and Brown Americans struggle with, such as access to education, economic equity, and environmental justice. VF’s latest set of commitments aligns with its...

Fashion

VF Corp. and FashionUnited unite in support of LGBTQ+ collective

In yet another example of its commitment to moving towards a more inclusive fashion industry, and especially in the defense and visibility of the LGBTQ + collective, the American multinational VF Corporation and FashionUnited have joined together in the organization of an online event titled 'Grow Your LGBTQ+ Career'. Online registration is...