GREENSBORO, N.C.--(BUSINESS WIRE)--
VF Corporation (NYSE: VFC), a global leader in branded lifestyle
apparel, footwear and accessories, today announced that Kontoor
Brands, Inc. will be the name of the independent, publicly traded
company that will result from its previously announced separation of
VF’s Jeanswear organization.
The separation is expected to be completed in the first half of 2019, subject to final approval by VF’s Board of Directors, customary regulatory approvals, and tax and legal considerations. The new company will comprise the Wrangler®, Lee® and Rock & Republic® brands, and the VF Outlet business.
“This is an exciting next step in our work to establish our Jeanswear organization as an independent, publicly traded company. Kontoor Brands – a creative variation of the word ‘contour’ – is a compelling company name that will preserve each brand’s unique identity while also providing the opportunity to evolve the company in the years ahead,” said Steve Rendle, VF’s Chairman, President and CEO.
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