VF Corporation
| VF Corporation
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| legal form | Corporation |
| ISIN | US9182041080 |
| founding | 1899 |
| Seat | Greensboro , United States |
| management | Steven E. Rendle, CEO |
| Number of employees | 69,000 |
| sales | $ 11.811 billion |
| Branch | clothing |
| Website | www.vfc.com |
| As of December 30, 2017 | |
VF Corporation is a US apparel company headquartered in Greensboro , North Carolina . The company is listed in the S&P 500 share index. VF Corporation is one of the largest apparel companies in the world and the market leader in jeans , lingerie, workwear and backpacks.
history
The company was originally founded by John Barbey, a banker , and a group of investors in October 1899 in the City of Reading, Berks County, Pennsylvania as the Reading Glove and Mitten Manufacturing Company in Wyomissing , Pennsylvania . The company made gloves , including silk . It started with $ 11,000 and 100 square meters. In 1911 Barbey paid off the remaining seven partners. In 1913 Barbey changed the company name to Schuylkill Silk Mills . 1917, 1914, launched laundry division was for fine ladies underwear in Vanity Fair baptized. In 1919, the company called in Vanity Fair Silk Mills, Inc. has to offer. In the 1920s there was rapid growth and the company was also not affected by the global economic crisis . Over time, new materials such as viscose (from 1930), nylon (from 1940) or Lycra (from 1960) were successfully processed. In 1951 Vanity Fair Mills , as the company was now called, went public. 1969 bought the company under the new name VF Corporation (VFC), the stocking manufacturer Berkshire International and the 1889 founded HD Lee Mercantile Company (now Lee Jeans ) from Kansas City (Kansas) . The brands Wrangler and Rustler (jeans), Jantzen and JanSport and Red Kap ( workwear ) were added to the portfolio in 1986 through the purchase of the Blue Bell Holding Company . In 1998, various lingerie brands were acquired and the company's headquarters were relocated from Wyomissing, Pennsylvania, to Greensboro, North Carolina , where it is still located today. In 2000 it was taken over by Eastpak (luggage), Chic , HIS and Gitano (jeans) and the time of the bankruptcy near The North Face , Inc. (outdoor clothing). In 2003, VF Corporation bought the sportswear manufacturer Nautica , which also included the contemporary brand John Varvatos . The latter was sold on by VFC to a British investment company in 2012 . In 2004 the Italian sportswear label Napapijri was added. The range was expanded in 2007 with the sports and fan clothing manufacturer Majestic Athletic as well as the jeans manufacturer 7 for all mankind and the women's sports clothing brand lucy . In 2009, the outdoor segment had the largest share of sales for the first time with 38 percent. In mid-2011, VF Corporation announced that it would buy the outdoor specialist Timberland for $ 2 billion. The company operates around 70 outlets in the USA under the name vf Outlet , mostly in larger factory outlet centers , where various of the Group's own brands are offered for sale at reduced prices.
In October 2017, VF acquired the Williamson-Dickie Manufacturing Company .
criticism
In March 2013, at a factory in Bangladesh that also produces clothes for the VF Corporation, seven trade unionists protesting against the illegal mass layoffs - including a pregnant woman - were injured with iron pipes and nailed batons and employees of the Clean Clothes Campaign were arrested had visited the protesting staff on site. The factory is known for its good relationship with the local police and its brutal crackdown on critics.
Trademark rights
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The wash sub-class ( intimate apparel ), comprising the brands Belcor, top form, Bolero, Curvation, Gemma, Intima Cherry, Lily of France, Lou, Vanity Fair, Variance and Vassarette belonged, was at the 2007 Fruit of the Loom repelled.
Web links
Individual evidence
- ↑ a b Form 10-K Report 2017 , accessed on July 15, 2018
- ↑ The Lifestyle Octopus . brandeins.de. April 2005. Archived from the original on September 26, 2010. Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. Retrieved October 21, 2012.
- ↑ Outdoor business: North Face mother is planning a shopping trip . Financial Times Germany. June 13, 2010. Archived from the original on June 15, 2010. Retrieved on October 21, 2012.
- ↑ A new leisure giant emerges . Wirtschaftswoche Online. June 14, 2011. Retrieved October 21, 2012.
- ^ VF Corporation Completes Acquisition of Williamson-Dickie Mfg. Co. , at www.vfc.com , accessed July 15, 2018
- ^ Cambodia: European labor rights activists arrested. (No longer available online.) Berne Declaration, March 11, 2013, archived from the original on March 30, 2013 ; Retrieved March 11, 2013 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
