VF Corporation is an American clothing and footwear company established worldwide in 1899 and headquartered in Greensboro, North Carolina. Over 30 brands of companies are organized into five product categories: Outdoor & amp; Sports Action, Jeanswear, Imagewear, Sportswear and Contemporary Brands. The company controls 55% of the US backpack market under the brands Jansport, Eastpak, Timberland, and North Face.
Video VF Corporation
History
The company was first established as Glove Reading and Mitten Manufacturing Company in Pennsylvania in October 1899 by John Barbey and a group of investors. The company started with a $ 11,000 and 320 square foot (30 m 2 ) plant that was rented for $ 60/month. It was founded in Pennsylvania on December 4 of the same year. The manufacture of underwear began in 1919, accompanied by a name change to Vanity Fair Mills. The stock was initially sold to the public in 1951.
The H.D. Lee Company (now Lee) was acquired by the company in 1969 and the company name was changed to VF Corporation to reflect a more diverse product line. Blue Bell Inc., brand owners like Wrangler and JanSport, acquired in 1986, effectively doubling the size of VF and making it the largest public clothing company.
In 1998, VF moved its headquarters from Wyomissing, Pennsylvania to Greensboro, North Carolina to get closer to more operations.
The company announced the purchase of VF Corporation's "Vanity Fair" lingerie business by Fruit of 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 7 for all Mankind and Lucy Activewear for a combined $ 885 million. Eric C. Wiseman became President, CEO, and Chairman in 2008. Effective January 1, 2017 Steve Rendle takes over responsibility of the CEO and President.
In 2011, VF Corporation announced its intention to buy Timberland for $ 2.2 billion. The deal closes in September 2011. On December 21, 2012, VF Imagewear received a multimillion dollar contract to provide uniforms and badges for the Customs and Customs Officer of the Border. In February 2013, Imagewear was awarded a $ 50 million contract to produce uniforms for Transportation Security Administration officers.
Maps VF Corporation
Brand
Jeanswear
- Wrangler's earnings are $ 2.3 billion
- Lee's income in 2013 is $ 1.2 Billion dollars
- Comedian
- Rock and Republic
Workwear
- Dickies
- Red Hood
- Horace Small (The Force), a clothing company based in Nashville, Tennessee, that produces uniforms for law enforcement, fire, EMS, security and land management services. The company was founded in 1937. In 1999 the company was acquired by VF Corporation, and changed its name to The Force in 2005 but returned to its original brand name in 2010.
- Bulwark Protective Clothing
Outdoor sports and action
- Eastpak
- JanSport
- Kipling Europe
- Napapijri
- North face
- Outdoor Products
- Coral
- Vans
- Eagle Creek
- SmartWool
- Timberland
- Lucy
Sportswear
- US Kipling.
VF Outlet, Inc.
VF Outlet
In 1970, it was a suggestion from M.O. Lee, then President of VF Corporation, who founded the VF Outlet business that surplus products from VF sources including Berkshire International and Vanity Fair were sold to the public from a 5,000 square foot factory store, with only fabric separating them from the company's manufacturing. amenities. Thus, VF Corporation created a new retail industry, outlet malls.
VF Outlet stores offer everyday wear including branded jeans, intimate clothing, sportswear, bathing suits, and more for women, men and children. The company currently operates 79 stores in 31 countries nationwide.
In October 2013, VF Outlet launched their Ecommerce store.
VF Outlet Center
VF Corporation, which opened their first VF Outlet factory shop in 1970, was one of the earliest outlet operations, and opened its first outlet center in the country, in Reading, Pennsylvania. The outlet malls, located in the old Vanity Fair manufacturing plant, dubbed the official "Capital Outlet of the World". The company name was changed from VF Outlet Village to VF Outlet Center in 2008.
Currently, VF Outlet Center is owned and operated by VF Outlet, Inc. with over 1,000,000 square feet of retail space and more than 20 stores.
Subsidiaries
See also
References
External links
- Official website
- VF Outlet, Inc. official website
- VF Outlet Center's official website
Source of the article : Wikipedia
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