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 »
What the VF(VFC)? The clothing conglomerate moved closer to completing the spinoff of its denim business as Kontoor Brands recently with the filing of a Form 10. Kontoor will comprise the Wrangler®, Lee® and Rock & Republic® brands, and the VF Outlet business. Kontoor stock is expected to trade under the KTB ticker symbol. The spinoff, which is on track to be completed… Read More »
This summer will mark the 50th anniversary of Don Fisher opening the first Gap(GPS) store in San Francisco. That initial store opened just days after Woodstock and a month after Neil Armstrong took his small step and, it initially sold only Levi’s jeans and records. Fisher’s concept was that his store would always have every size in stock… Read More »