Tags: lee | wrangler | vf | denim

WSJ: Lee, Wrangler Owner VF Corp. Looks to Exit Denim Business

WSJ: Lee, Wrangler Owner VF Corp. Looks to Exit Denim Business
(Tamara Bauer/Dreamstime)

Friday, 10 August 2018 04:11 PM

VF Corp. is exploring strategic options for its denim business that could include a sale or spin off of its Lee and Wrangler jeans brands, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Greensboro, North Carolina-based VF, which also makes Vans shoes, rakes in more than $2.5 billion in annual revenue. Its jeans business has seen demand slip as big retailers including Walmart stock more of their own private label brands.

VF did not immediately respond to Reuters' request for comment.

Its shares (VFC.N) rose 1.5 percent to a record high of $96.99 on Friday afternoon after the report. 

© 2018 Thomson/Reuters. All rights reserved.

   
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VF Corp. is exploring strategic options for its denim business that could include a sale or spin off of its Lee and Wrangler jeans brands, the Wall Street Journal reported on Friday, citing people familiar with the matter.
lee, wrangler, vf, denim
104
2018-11-10
Friday, 10 August 2018 04:11 PM
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