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VF Corp splits denim unit to focus on outdoor and activewear
VF Corp announced a spin-off that splits its denim division from the core company to emphasize The North Face Timberland and other outdoor and activewear brands. The yet unnamed NewCo will remain in Greensboro while the new outdoor division relocates to Denver, with a projected $11 billion annual revenue and a $2.5 billion tax-free spin-off effect.
MENTIONED IN THIS ARTICLE
New York
Wrangler and Lee Jeans
VF Corp
North Face
Timberland
Ultra
Icebreaker
Williamson-Dickie
NewCo