VF Corporation, parent company of, among others, Kipling and The North Face, acquires the exclusive fashion brand Supreme for 2.1 billion dollar (1.8 billion euro). The acquisition should give a new boost to the company’s e-commerce turnover.
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Several sources report that German sports goods giant Adidas is considering a sale of its sister brand Reebok. That brand was severely hit by the corona crisis.
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Outdoor group VF Corp, owner of brands like The North Face and Vans, saw its turnover halved last quarter, but is very optimistic about the long-term future as outdoors, sustainability, casual wear and digital sales are on the rise.
Italian-French eyewear producer and retailer EssilorLuxottica and ready-to-wear holding company VF Corporation both have announced management changes. EssilorLuxottica CEO Laurent Vacherot retires, while the owner of Kipling and Eastpak welcomes new managers for both brands.
VF Corporation (Vans, The North Face) has published a sales and operating profit increase in the second quarter. Growth was particularly significant in China.
VF Corp, the owner of fashion brands like Vans, The North Face, Wrangler and Lee, has experienced a very good third quarter, prompting it to adjust its full-year forecast.
VF Corporation, parent company for several major American clothing brands, has joined Canopy, which focuses on tree and forest conservation.