 |
|
| Type | Public |
|---|---|
| Traded as | NYSE: VFC S&P 500 Component |
| Industry | Textile |
| Founded | Reading, Pennsylvania (1899) |
| Headquarters | Greensboro, North Carolina |
| Key people | Eric C. Wiseman, Chairman/President/CEO Robert K. (Bob) Shearer, Senior VP/CFO VP- VF Direct/Customer Teams |
| Products | Apparel |
| Revenue | US$7.6 billion (2010) |
| Employees | 47,000 (2010) |
| Website | vfc.com |
VF Corporation is an American apparel corporation. VF corporation sells jeanswear, intimate apparel, daypacks, and workwear. The corporate headquarters are in Greensboro, North Carolina.
|
Contents
|
History
The company was established first as Reading Glove and Mitten Manufacturing Company in Pennsylvania in October of 1899 by John Barbey and a group of investors. The company was started with $11,000 and a 320-square-foot (30 m2) factory that was leased for $60/month. It was incorporated in Pennsylvania on December 4 of that same year. The manufacture of undergarments began in 1919, accompanied by a name change to Vanity Fair Mills. Shares were sold to the public in 1951. The H.D. Lee Company (now Lee Jeans) was acquired by the company in 1969 and the corporate name was changed to VF Corporation to reflect the more diverse product line. Blue Bell Inc., the owner of such brands as Wrangler and JanSport, was acquired in 1986, effectively doubling the size of VF and making it the largest publicly-held apparel company.
The company announced the purchase of VF Corporation's underwear business by Fruit of the Loom for $350 million in cash on January 23, 2007.
On February 28, 2007, VF Corporation acquired Majestic Athletic. On July 26, 2007, VF Corporation announced the purchase of Seven for all Mankind and Lucy Activewear for a combined $885 million. On June 13, 2011, VF Corporation announced its intention to purchase Timberland for $2.2 billion. The deal closed in September, 2011.
Brands owned by VF Corporation
Jeanswear
Imagewear
- Red Kap
- The Force (Horace Small)
- Bulwark Protective Apparel
- Chef Designs
- Majestic Athletic
Outdoor
- Eastpak
- JanSport
- Kipling
- Napapijri
- The North Face
- Reef
- Vans
- Eagle Creek
- Smart Wool
- Timberland
- lucy
Sportswear
Contemporary
- 7 for all Mankind
- John Varvatos
- Ella Moss
- Splendid
- Rock & Republic
VF Outlet, Inc.
VF Outlet Village
An outlet mall located in Vanity Fair's old manufacturing mills in Reading. Many shoppers make a special trip, some in tour buses, from big cities hours away to shop at the factory outlets. Stopping at the VF Outlet has become routine for many shoppers who venture to Lancaster, Pennsylvania for its outlets.
VF Outlet
Over sixty locations nationwide, some are in outlet malls, some are locations opened as Outlet Marketplace in strip mall centers.
See also
References
External links
|
||||||||||||||||||||||||||||||||||||||||||||
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article VF Corporation.
