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The American giant, owner of companies like Timberland, Vans or The North Face, has closed the period with a revenue of 5.6 billion euros.
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The origins of VF go back to 1899, when John Barbey opened a factory in Pennsylvania. The North Face, Vans, Timberland, Wrangler, Lee, Nautica, Majestic and Kipling are the company's biggest brands by revenue.
The American giant, owner of companies like Timberland, Vans or The North Face, has closed the period with a revenue of 5.6 billion euros.
The Belgian luggage and travel accessories group has launched a rental service for its luggage called Rent your Kipling.
The American group, owner of Vans, The North Face or Timberland, begins a new stage after completing the spinoff of its denim division, that operates under the name of Kontoor Brands.
Excluding acquisitions and divestitures, the revenue of the American group grew 9% in the first quarter of its fiscal year. China led the growth of the group with a rise of 1%.
Fashion giant has appointed Cameron Bailey for the position, who will assume from June the operations management of all company’s supply chain.
The holding registered a revenue of 10,635 million dollars between March and December, which represents a growth of 14% in comparison with the same period the previous year.
If the company reaches its goal, the skate-inspired footwear brand sales will grow between 10% and 12% during the next five years. Currently, Vans revenues exceed 3 billion dollars (2.59 billion euros).
The group has appointed Michael Kampe, a graduate of the Royal Academy of Fine Arts in Antwerp (Belgium), as new artistic head of the denim brand. Previously, Kampe was design director for casualwear collections at Hugo Boss.
The group, owner of Vans, Kipling and The North Face among other labels, ended the first three months of fiscal 2018 with a net income of 160.4 million dollars (137 million euros). Sales went up 23.8% in the same period.