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VF Corporation is an American worldwide apparel and footwear company founded in 1899 and headquartered in Greensboro, North Carolina.[5] The company’s more than 30 brands are organized into five product categories: Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands.[6] The company controls 55% of the U.S. backpack market with the Jansport, Eastpak, Timberland and North Face brands.[7]

VF Corporation
Public
Traded as NYSEVFC
S&P 500 Component
Industry clothing, accessories
Founded October 1899; 118 years ago (1899-10) (as Reading Glove and Mitten Manufacturing Company)
Reading, Pennsylvania, U.S.
Headquarters Greensboro, North Carolina, U.S.
Key people
Eric Wiseman
(Chairman)
Steve Rendle
(President and CEO)
Revenue
  • Increase US$12.3 billion (2014) [1]
  • Increase US$10.879855 billion (2012) [1]
  • Increase US$1.647147 billion (2013) [1]
  • Increase US$1.465267 billion (2012) [1]
  • Increase US$1.210119 billion (2013) [1]
  • Increase US$1.085999 billion (2012) [1]
Total assets
  • Increase US$10.315443 billion (2013) [2]
  • Increase US$9.633021 billion (2012) [1]
Total equity
  • Increase US$6.077038 billion (2013) [1]
  • Increase US$5.125625 billion (2012) [1]
Number of employees
58,000 (2011)[3][4]
Website vfc.com

Contents

HistoryEdit

The company was established first as Reading Glove and Mitten Manufacturing Company in Pennsylvania in October 1899 by John Barbey and a group of investors. The company was started with $11,000 and a 320-square-foot (30 m2) factory that was leased for $60/month. It was incorporated in Pennsylvania on December 4 of that same year. The manufacture of undergarments began in 1919, accompanied by a name change to Vanity Fair Mills. Shares were initially sold to the public in 1951.

The H.D. Lee Company (now Lee) was acquired by the company in 1969 and the corporate name was changed to VF Corporation to reflect the more diverse product line. Blue Bell Inc., the owner of such brands as Wrangler and JanSport, was acquired in 1986, effectively doubling the size of VF and making it the largest publicly held clothing company.

In 1998, VF moved its headquarters from Wyomissing, Pennsylvania to Greensboro, North Carolina to be closer to more of its operations.[8]

The company sold its "Vanity Fair" lingerie business to Fruit of the Loom for $350 million in cash on January 23, 2007.[9]

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.[citation needed] Eric C. Wiseman became President, CEO, and Chairman in 2008.[10] Effective January 1, 2017 Steve Rendle took over CEO and President responsibilities.

In 2011, VF Corporation announced its intention to purchase Timberland for $2.2 billion.[citation needed] The deal closed in September 2011.[citation needed] On December 21, 2012, VF Imagewear was awarded a multimillion-dollar contract to provide uniforms and insignia for Customs and Border Protection officers.[11] In February 2013, Imagewear was awarded a $50-million contract to manufacture uniforms for Transportation Security Administration officers.[12]

In August of 2018, it was announced that VF would be moving their official headquarters to Denver, Colorado. [13]

BrandsEdit

JeanswearEdit

WorkwearEdit

 
Horace Small logo
  • Horace Small (The Force), a clothing company based in Nashville, Tennessee, that produces uniforms for law enforcement, fire, EMS, security and land management services. It was founded in 1937.[15] In 1999 the company was acquired by VF Corporation, and was renamed as The Force in 2005 but reverted to the original brand name in 2010.[16][16]
  • Bulwark Protective Apparel

Outdoor and action sportsEdit

 
Eastpak-Wallet

SportswearEdit

VF Outlet, Inc.Edit

 
Vanity Fair Outlet,
Michigan City, Indiana.

VF OutletEdit

In 1970, it was the suggestion of M.O. Lee, then President of VF Corporation, that established 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 a drop cloth separating it from the company's manufacturing facility.[17] In doing so, VF Corporation created a brand-new retail industry, the outlet mall.

VF Outlet stores offer everyday apparel including brand name jeans, intimate apparel, activewear, swimwear, and more for women, men and children. The company currently operates 79 stores in 31 states nationwide.[18]

In October 2013, VF Outlet launched their ECommerce store.[19]

VF Outlet CenterEdit

VF Corporation, which opened their first VF Outlet factory store in 1970, was one of the earliest outlet operations, and opened their first outlet center in the country, in Reading, Pennsylvania. The outlet mall, located in Vanity Fair's old manufacturing mills, was dubbed the official "Outlet Capital of the World." [20] The corporate name was changed from VF Outlet Village to VF Outlet Center in 2008.

Today, the 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.[21]

SubsidiariesEdit

Subsidiary Jurisdiction
20X de Mexico, S.A. de C.V.   Mexico
Beatle Properties Limited   Gibraltar
Eagle Creek, Inc.   Delaware
The H. D. Lee Company, Inc.   Delaware
H.D. Lee Spain, S.L.   Spain
Imagewear Apparel Corp.   Delaware
JanSport Apparel Corp.   Delaware
Jeanswear Ventures, LLC   Delaware
Kipling Apparel Corp.   Delaware
Lee Bell, Inc.   Delaware
lucy apparel, llc   Delaware
Mo Industries, LLC   Delaware
Nautica Apparel, Inc.   Delaware
Nautica Retail USA, Inc.   Delaware
The North Face Apparel Corp.   Delaware
The North Face (Italy) S.r.l.   Italy
R&R Apparel Company, LLC   Delaware
The Recreational Footwear Company   Cayman Islands
Ring Company   Delaware
Seven For All Mankind, LLC   Delaware
Smartwool Consumer Direct LLC   Colorado
Smartwool LLC   Colorado
South Cone, Inc.   California
TBL International Properties LLC   Delaware
TBL Investment Holdings GmbH   Switzerland
TBL Licensing LLC   Delaware
Timberland LLC   New Hampshire
Timberland (Gibraltar) Holding Limited   Gibraltar
Timberland (UK) Ltd.   United Kingdom
Timberland Asia LLC   Delaware
Timberland Canada Co.   Canada
The Timberland Company (Asia Pacific) Pte. Ltd.   Singapore
Timberland Europe Services Ltd.   United Kingdom
Timberland GmbH   Austria
Timberland Holding Luxembourg S.àr.l.   Luxembourg
Timberland HK Trading Limited   Hong Kong
Timberland Hong Kong Limited   Hong Kong
Timberland IDC Ltd.   United Kingdom
Timberland International, LLC   Delaware
Timberland Italy Srl.   Italy
Timberland Japan, Inc.   Japan
Timberland Lifestyle Brand Malaysia Sdn.Bhd.   Malaysia
Timberland Luxembourg Finance S.àr.l.   Luxembourg
Timberland Luxembourg Holding Asia S.àr.l.   Luxembourg
Timberland Luxembourg Holding Europe S.àr.l.   Luxembourg
Timberland Management Services GmbH   Switzerland
Timberland Netherlands Holding B.V.   Netherlands
Timberland Retail, LLC   Delaware
Timberland Spain S.àr.l.   Luxembourg
Timberland Switzerland Holding GmbH   Switzerland
Timberland Trading (Shanghai) Company Limited   China
Vans, Inc.   Delaware
Vans Madeira, S.L.   Portugal
VF Apparel (Shenzen) Co., Ltd.   China
VF Asia Limited   Hong Kong
VF Belgium B.V.B.A.   Belgium
VF Brands India Pvt. Ltd.   India
VF Canada, Inc.   Canada
VF Contemporary Brands Canada Corp.   Canada
VF Comercializadora Limitada   Chile
VF Contemporary Brands, Inc.   Delaware
VF de Argentina S.A.   Argentina
VF do Brasil Ltda.   Brazil
VF Ege Soke Giyim Sanayi ve Ticaret A.S.   Turkey
VF Enterprises S.a.R.L.   Luxembourg
VF Europe B.V.B.A.   Belgium
VF Germany Textil-Handels GmbH   Germany
VF Global Investments S.a.R.L.   Luxembourg
VF Imagewear, Inc.   Delaware
VF Imagewear (Canada), Inc.   Canada
VF International S.a.g.l.   Switzerland
VF Investments Italy S.à.r.l.   Luxembourg
VF Investments S.à.r.l.   Luxembourg
VF Italia, S.r.l.   Italy
VF Italy Services S.r.l.   Italy
VF (J) France, S.A.   France
VF Jeanswear Argentina S.R.L.   Argentina
VF Jeanswear de Mexico S.A. de C.V.   Mexico
VF Jeanswear Espana S.L.   Spain
VF Jeanswear Limited Partnership   Delaware
VF Jeanswear Nicaragua y Compania Limitada   Nicaragua
VF Korea Limited   Korea
VF Luxembourg S.à.r.l.   Luxembourg
VF Mauritius Ltd.   Mauritius
VF Northern Europe Ltd.   United Kingdom
VF Northern Europe Services Ltd.   United Kingdom
VF Outdoor (Canada), Inc.   Canada
VF Outdoor, Inc.   Delaware
VF Outdoor Canada, Co.   Canada
VF Outlet, Inc.   Delaware
VF Receivables, LP   Delaware
VF Receivables Services LLC   Delaware
VF Scandinavia A/S   Denmark
VF Services, LLC   Delaware
VF Shanghai Limited   China
VF Sourcing Asia S.a.R.L.   Luxembourg
VF Sourcing India Private Limited   India
VF Sourcing Latin America S.a.R.L.   Luxembourg
VF Sourcing (Thailand) Ltd.   Thailand
VF Sportswear, Inc.   Delaware
VF Treasury Services LLC   Delaware
VFJ Ventures, LLC   Delaware
Wrangler Apparel Corp.   Delaware
Source:[22]

See alsoEdit

ReferencesEdit

  1. ^ a b c d e f g h i "V F CORP 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 26, 2014. 
  2. ^ "V F CORP 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. May 7, 2014. 
  3. ^ "Annual Report". 2016-09-29. Retrieved 2016-09-29. 
  4. ^ "Form 10-K". 2016-09-29. Retrieved 2016-09-29. 
  5. ^ "VF on the Forbes Global 2000 List". Retrieved 18 December 2014. 
  6. ^ "VF Corp (VFC) Company Profile". Retrieved 18 December 2014. 
  7. ^ Tabuchi, Hiroko (2 September 2015). "Backpack Makers Rethink a Student Staple". The New York Times. Retrieved 14 September 2015. 
  8. ^ VF Corp. Changes Its Underware
  9. ^ "VF Corp. Has The Midas Touch". Retrieved 22 April 2015. 
  10. ^ "Eric Wiseman, Chairman, President, CEO, VF". Bloomberg. Retrieved 25 November 2014. 
  11. ^ "Imagewear CBP Contract". Retrieved 7 March 2015. 
  12. ^ "Imagewear TSA uniform contract". Retrieved 7 March 2015. 
  13. ^ https://www.denverpost.com/2018/08/13/vf-corp-denver-headquarters/.  Missing or empty |title= (help)
  14. ^ "VF Corp buys Dickies for $820 million"
  15. ^ "Horace Small". www.vfimagewear.com. Retrieved 21 July 2017. 
  16. ^ a b "VF Imagewear Relaunches Horace Small Brand of Law Enforcement Apparel". Retrieved 21 July 2017. 
  17. ^ "About VF Outlet". VFOutlet.com. Archived from the original on 13 April 2015. Retrieved 17 June 2015. 
  18. ^ "VF Outlet Store Locator". Archived from the original on 18 April 2015. Retrieved 17 June 2015. 
  19. ^ "VF Outlet - Discount Clothing for Women, Men, Kids & Baby". Retrieved 17 June 2015. 
  20. ^ "Reading Officially 'Outlet Capital Of The World'". 1 September 1991. Retrieved 17 June 2015. 
  21. ^ "Store Listings & Center Map". VFOutletCenter.com. Retrieved 17 June 2015. 
  22. ^ "EX-21". www.sec.gov. Retrieved 21 July 2017. 

External linksEdit