Upon publication of the 2015 annual results, the CEO of the American giant, which owns Vans, The North Face, Wrangler and Timberland, stated that the group will be looking closely at the composition of its portfolio.
The US giant suffered a 5% downturn in its fourth quarter 2015 revenue compared to the previous year. For the whole of the fiscal year, VF's Outdoor and Action Sports segment allowed the group to record a 1% increase,...
The global footwear market is expected to reach a value of $216 billion by the end of 2019, with leading brands including Adidas, New Balance, Nike, Puma and VF Corp, the parent company of Timberland and The North Face.
The chief executives of seven top clothing companies, including H&M, Gap and Adidas, are calling on governments to agree a strong climate change deal, saying they fear global warming will drive up their costs.