VF Corporation news and archive

VF Corp to layoff 500 roles amid reinvention

Fashion conglomerate VF Corp has said that it will be making around 500 layoffs across the company as it continues on its reinvention strategy under chief executive officer Bracken Darrell. Initiated late October and dubbed ‘Project Reinvent’, the transformation plan aims to enhance focus on brand-building and improve operating performance....

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Napapijri appoints Christopher Raeburn as creative director

Premium outerwear brand Napapijri, part of VF Corporation, has named British fashion designer Christopher Raeburn as its global creative director. In a statement, Napapijri said that Raeburn’s appointment comes as the brand ventures “into the next phase of its journey to become more design-led and elevated”. Raeburn, known for his sustainable...

Business

Susie Mulder steps down as Timberland brand president

Susie Mulder, global brand president of Timberland has decided to leave the business. The company confirmed the development with FashionUnited and said that Nina Flood, currently VP/GM of Timberland EMEA, will assume interim leadership as global brand president. “After two and a half years as global brand president for Timberland, Susie Mulder...

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VF withdraws outlook, announces turnaround plan

For its second quarter, VF Corporation’s revenue declined 2 percent or 4 percent in constant dollars to 3 billion dollars. Loss per share for the quarter widened to 1.16 dollars, while adjusted earnings per share were 63 cents versus 73 cents per share in the same period last year. The company has announced a transformation program to drive...

People

VF Corporation appoints Trevor Edwards to its board of directors

VF Corporation has appointed Trevor A. Edwards to the company’s board of directors, effective October 22, 2023. With the addition of Edwards, VF has appointed three new directors to its board over the past 18 months who collectively bring experience in footwear and apparel, retail, design, technology, and sustainability. Edwards, the company...

Business

VF stock jumps after Engaged Capital reveals stake in the company

After picking a stake in VF Corporation, activist investment firm Engaged Capital is said to be pushing for cost cuts and board changes, according to a CNBC report. Shares of VF Corp closed at 18.45 dollars, 14 percent higher on Tuesday. Engaged expects the share prices to move upward to 46 dollars within three years if the changes proposed by...

Fashion

In Conversation with VF: The Impact and Aspirations of the Black Talent in Design & Fashion Fund

The Black Talent in Design & Fashion Fund stands as a beacon of change in the fashion world. In this exclusive interview, we delve into the fund's inspiring journey with its founder, Alicia Pinckney, Senior Apparel Designer, and Gabriele Silva, Talent Acquisition & Recruitment Director at VF. Discover how this initiative, driven by a commitment...

Business

PETA reports wins: Frasers Group bans angora, VF cuts cashmere

In what is being hailed as a victory for animal rights, the People for Ethical Treatment of Animals (PETA) has announced that two notable fashion conglomerates have agreed to cut animal products from their supply chain. Frasers Group, the owner of Sports Direct, Missguided and House of Fraser and for which PETA is a shareholder, is understood to...

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Redress Design Award 2023 winner announced

German designer Nils Hauser is the winner of the Redress Design Award 2023, the world's largest competition for sustainable fashion design. NGO Redress and partner VF Corporation announced the winner in a press release today. The award recognises the best talent in sustainable design each year - since about 80 percent of a product's...

People

Is Tremaine Emory exiting Supreme?

Tremaine Emory, Supreme's creative director, is reportedly poised to depart the label following a brief tenure of just two seasons. Emory, who assumed the role in 2022 to oversee the brand's streetwear collections, will have held the position for a mere 18 months. Though VF Corp, the brand's owner, has not officially confirmed the departure,...

Business

VF Corp names new chief people officer

Fashion giant VF Corporation has announced the appointment of Brent Hyder to the role of chief people officer, effective September 5. Hyder, who will join VF’s executive leadership team, enters the company after serving for four years in the same position at Salesforce, during which time he was credited with helping the firm earn top spots on...

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VF Q1 loss widens, revenues drop 8 percent

VF Corporation’s first quarter revenue of 2.1 billion dollars, was down 8 percent with the big four brands down 11 percent and the balance of the portfolio up 7 percent. The North Face revenue of 0.5 billion dollars, was up 12 percent, while Vans brand revenue of 0.7 billion dollars, was down 22 percent. The company’s loss per share of 15 cents,...