November 02, 2017 - V.F. Corp. (NYSE:VFC) has filed a financial statement reporting Sales Revenue Net of $3,481,202,000 USD. Previously, on August 02, 2017, V.F. Corp. reported Sales Revenue Net of $2,333,288,000 USD. This represents a change of 49.20% in Sales Revenue Net.
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On August 10, 2018, the WSJ reported that VF Corp. (NYSE: VFC) was considering selling its classic jeans coalition, and on August 13, that reporting was confirmed by VF management. VF will be split into two companies: one that will contain their powerhouse brands (Vans, The North Face, Timberland, etc.), and one that will hold their struggling jeans business. (10-0)
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V.F. Corp. (NYSE:VFC) has been a diversified apparel company for decades with numerous well-known brands in their portfolio. Seemingly out of nowhere on Friday, August 10th, it was reported that the company was interesting in selling off their jeans division. By Monday the 13th, we learned that not only did the company have imminent plans to divest jeans, it was a full-fledged plan to split itself into two companies.
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