VF Corporation

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VF Corporation
Type Public
Traded as NYSEVFC
S&P 500 Component
Industry clothing, accessories
Founded Reading, Pennsylvania (1899)
Headquarters Greensboro, North Carolina
Revenue
  • Increase US$ 11.419648 billion (2013) [1]
  • Increase US$ 10.879855 billion (2012) [1]
Operating income
  • Increase US$ 1.647147 billion (2013) [1]
  • Increase US$ 1.465267 billion (2012) [1]
Net income
  • 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]
Employees 58,000 (2011)[3]
Website vfc.com

VF Corporation is an American clothing corporation. VF corporation sells jeanswear, underwear, daypacks, and workwear. The corporate headquarters is in Greensboro, North Carolina. VF Corporation is a global apparel and footwear company founded in 1899 and headquartered in Greensboro, North Carolina. [4] The company’s more than 30 brands are organized into five product categories: Outdoor & Action Sports, Jeanswear, Imagewear, Sportswear and Contemporary Brands. [5]

History[edit]

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 sold to the public in 1951. The H.D. Lee Company (now Lee Jeans) 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. On October 3, 2005, Lee brand jeans, sold by the VF Corporation, was seeking another agency after parting ways with Fallon Worldwide in Minneapolis, part of the Publicis Groupe.

The company announced the purchase of VF Corporation's underwear business by Fruit of the Loom for $350 million in cash on January 23, 2007.[citation needed]

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] On June 13, 2011, VF Corporation announced its intention to purchase Timberland for $2.2 billion.[citation needed] The deal closed in September 2011.

Brands owned by VF Corporation[edit]

Jeanswear[edit]

Imagewear[edit]

Outdoor & action sports[edit]

Eastpak-Wallet

Sportswear[edit]

Uniforms[edit]

  • Horace Small

Contemporary[edit]

VF Outlet, Inc.[edit]

A vanity fair outlet located in Michigan City, Indiana.

VF Outlet Village[edit]

An outlet mall located in Vanity Fair's old manufacturing mills in Wyomissing, just outside Reading, Pennsylvania.

VF Outlet[edit]

Over sixty locations nationwide, some are in outlet malls, some are locations opened as Outlet Marketplace in strip mall centers.

See also[edit]

References[edit]

  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 2011, Form 10-K". 2012-02-29. Retrieved 2012-10-21. 
  4. ^ "VF on the Forbes Global 2000 List". Retrieved 18 December 2014. 
  5. ^ "VF Corp (VFC) Company Profile". Retrieved 18 December 2014. 

External links[edit]