Kontoor Brands(KTB) may be on its own now, but it has its parent’s jeans. VF Corp(VFC) completed the spinoff of its jeans business on Wednesday, May 22, after the close. Kontoor, which includes brands such as Wrangler, Lee and Rock & Republic, will be added to the S&P SmallCap 600 today. VF shareholders received one share of Kontoor… Read More »
Orion Group Holdings(ORN) is a specialty construction company operating on Marine projects. Of late, its stock has taken a beating, and it is now too small for the S&P SmallCap 600 Index. On Friday, it will be removed from the Index, to be replaced by the newly spun off denim company Kontoor Brands(KTB). VF Corp(VFC) will complete its… Read More »
Until this week, VF Corporation’s (VFC) upcoming Kontoor Brand’s spinoff only had the vague timetable of ‘sometime in May’. Finally, we have some closure and some concrete details on the jeanswear company’s upcoming independence. The board of directors has now formally approved the spinoff which will take place after the close on May 22nd with shareholders expected to… Read More »