V.F. Corporation
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- V.F. Corporation V.F. Corporation (NYSE: VFC) is a global leader in branded lifestyle apparel, footwear, and accessories, operating through Outdoor, Active, and Work segments that offer outdoor apparel, footwear, equipment, and accessories including The North Face and Timberland brands; active lifestyle products such as Vans footwear and apparel, Smartwool socks and base layers, and Icebreaker merino wool apparel; and workwear encompassing Dickies prior to its pending sale. Founded in 1899 as the Reading Glove and Mitten Manufacturing Company in Reading, Pennsylvania, the company is headquartered in Denver, Colorado, with operations spanning the Americas, Europe, Middle East, Africa, and Asia-Pacific regions through owned retail stores, wholesale channels, and digital platforms serving consumers seeking performance-driven, activity-based products. VF Corporation maintains a diverse portfolio of eleven iconic brands including The North Face, Vans, Timberland, Smartwool, Icebreaker, Napapijri, Eastpak, JanSport, Kipling, Altra Running, and formerly Dickies and Supreme, emphasizing innovation in sustainable chemistry, supply chain traceability, product safety, and circularity across its complex global manufacturing network. In recent years, VF Corporation sold its Supreme brand to EssilorLuxottica for $1.5 billion in July 2024, enhancing balance sheet flexibility amid a strategic portfolio review; agreed in September 2025 to divest Dickies to Bluestar Alliance for $600 million, with the transaction expected to close by year-end and further streamline operations toward core growth brands like The North Face and Vans; completed a 2019 spinoff of its jeanswear business into Kontoor Brands encompassing Wrangler and Lee; and divested occupational workwear brands including Red Kap and Bulwark in 2021 to Redwood Capital Investments, forming Workwear Outfitters, while relocating its global headquarters to Denver to consolidate outdoor brands. These portfolio optimizations support VF Corporation's focus on long-term growth, targeting adjusted operating margins of at least 10% and net leverage below 2.5 times by fiscal 2028, alongside ongoing investments in brand momentum for The North Face and Timberland amid Vans turnaround efforts.
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