BENGALURU: VF Corp is exploring strategic options for its denim business that could include a sale or spinoff of its Lee and Wrangler jeans brands, the Wall Street Journal reported on Friday, citing people familiar with the matter.
Greensboro, North Carolina-based VF, which also makes Vans shoes, rakes in more than $2.5 billion in annual revenue.
Its jeans business has seen demand slip as big retailers including Walmart stock more of their own private label brands.
VF did not immediately respond to Reuters´ request for comment. Its shares rose 1.5 percent to a record high of $96.99 on Friday afternoon after the report.
The image shows a poster of Syngenta Pakistan's 'CropWise Grower' mobile application. — Syngenta websiteKARACHI:...
The undated image shows the name of the Bank of Punjab written on one its branches. — APP FileKARACHI: The Bank of...
ABHI, a financial technology company, partners with Soorty Enterprises. — Facebook/ProPakistaniKARACHI: ABHI, a...
This representational image shows Gold bars. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs1,600...
A currency exchange dealer counting $100 bills. — AFP/FileAs any old-school currencies trader will tell you: buy...
A representational image showing a steel manufacturing plant floor with stocked metal sheet rolls. —...