Kontoor Brands
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| Company type | Public |
|---|---|
| Industry | |
| Headquarters | Greensboro, North Carolina |
Key people | |
| Brands |
Kontoor Brands is a lifestyle apparel company based in the US. The company designs, manufactures, and distributes apparel products.[1]
History
Kontoor was a part of the VF Corporation and was spun off in May 2019 when VF split into two separate companies.[2] The company was formed as a strategy to create an independent business focused on denim apparel.[3][4]
The company currently houses brands such as Lee, Wrangler, and Rock & Republic.[5][6] It is headquartered in Greensboro, North Carolina.[7]
The company trades on the New York Stock Exchange (NYSE) under the symbol KTB and is currently valued at $2.214 billion.[8]
Social responsibility
In December 2019, Kontoor Brands achieved a zero-waste status for its distribution facilities in Mexico City, Alabama, Oklahoma, Texas, North Carolina, and Virginia. The facilities are reported to recycle, compost, and reuse 95% of the waste material.[9]
The company has taken steps to cut down on its environmental impact and reduce its carbon-footprint through optimizing Wrangler’s supply chain to promote environmental sustainability.[10][11]
Lee has committed to reducing its carbon footprint by joining the Ellen McArthur Foundation's Jeans Redesign project in 2019. The company launched Indigood Denim which uses a foam dye applicator instead of the conventional water vats and chemical baths. The new strategy resulted in a 60% energy and 89% chemical usage reduction, and eliminated the use of water in the dyeing process.[12][13]
References
- ^ Riley Moffat, Anne (2018-12-06). "VF names planned jeans spinoff Kontoor, not Wrangler or Lee". www.bloomberg.com. Retrieved 2020-02-05.
{{cite web}}: CS1 maint: url-status (link) - ^ Business, Paul R. La Monica, CNN. "Lee and Wrangler hope to be a hit like Levi's". CNN. Retrieved 2020-02-10.
{{cite web}}:|last=has generic name (help)CS1 maint: multiple names: authors list (link) - ^ Wightman-Stone, Danielle (2019-05-28). "Kontoor Brands completes separation from VF Corp". fashionunited.uk. Retrieved 2020-02-05.
- ^ Reagan, Courtney (2019-08-08). "CEO of Wrangler, Lee parent isn't afraid of a recession or tariffs on China-made goods". CNBC. Retrieved 2020-02-10.
- ^ Singh, Prachi (2018-12-06). "VF's separated jeanswear business to be named Kontoor Brands". fashionunited.uk. Retrieved 2020-02-05.
- ^ Editorial, Reuters. "KTB - Kontoor Brands Inc Profile | Reuters". www.reuters.comundefined. Retrieved 2020-02-05.
{{cite web}}:|first=has generic name (help) - ^ "Kontoor Brands, Inc". www.bloomberg.com. Retrieved 2020-02-05.
{{cite web}}: CS1 maint: url-status (link) - ^ "Kontoor Brands, Inc. (KTB) Stock Price, Quote, History & News - Yahoo Finance". finance.yahoo.com. Retrieved 2020-02-05.
- ^ "Kontoor's North American distribution centres achieve zero waste". Packaging Gateway. 2019-12-17. Retrieved 2020-02-10.
- ^ Wrangler, Simon Mainwaring Published 3 months ago About a 6 minute read Image: (2019-10-08). "Purpose at Work: How Wrangler Is Creating the Next Generation of Sustainable Fashion". Sustainable Brands. Retrieved 2020-02-05.
{{cite web}}: CS1 maint: extra punctuation (link) CS1 maint: numeric names: authors list (link) - ^ Friedman, Arthur; Friedman, Arthur (2020-02-04). "Amazon, Kontoor Take Steps to Source Better Cotton". Sourcing Journal. Retrieved 2020-02-05.
- ^ "Triad apparel brand launches new product with eye on sustainability". www.bizjournals.com. Retrieved 2020-02-05.
{{cite web}}: CS1 maint: url-status (link) - ^ Friedman, Arthur; Friedman, Arthur (2020-02-04). "What Lee's New Sustainability Platform Means for Sourcing and CSR". Sourcing Journal. Retrieved 2020-02-05.
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Category:Companies based in Greensboro, North Carolina Category:Clothing companies of the United States Category:Companies listed on the New York Stock Exchange Category:Multinational companies headquartered in the United States