VF Corp. is extending “full pay and benefits” through May 30 to all its retail staff in the U.S., Canada and Mexico and “increasing pay through July” for staff at its distribution cetners in the U.S. and Canada. The company is also preparing to reopen its North American offices and directly managed retail stores where it can meet post-quarantine health and hygiene standards.
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News briefsAnother activist investor targeting VF Corp
Only one week after Engaged Capital set its sights on VF Corp., a second activist investor, Los Angeles-based Legion Partners, has acquired an undisclosed stake in the company and wants it to divest brands such as Timberland, Bloomberg reported, citing sources familiar with the matter. VF just named former Nike ...
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VF issues €500m green bond to support sustainability strategy
VF Corporation, whose brands include The North Face, Timberland and Napapijri, announced the closing of a €500 million green bond issuance, the second since its inception in 2020. An amount equal to the net proceeds from the emission will be used to support programs under the company’s sustainability and stewardship ...
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ArticleVF Corp plans to "sharpen its near-term focus" and more to improve performance
VF Corp., under interim president and CEO Benno Dorer, is vowing to take all necessary actions to improve its operating performance heading into its FY24 that commences on April 1. Already, the The North Face, Vans and Timberland parent has decided to slash its quarterly dividend by 41 percent to ...
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