Following an eventful year, during which the company navigated the Covid-19 pandemic and acquired cult streetwear brand Supreme, VF has reported Q4 revenue of $2.6 billion, up 23% from the prior-year period.
The Denver, Colorado-based owner of brands including Vans, The North Face and Timberland announced on Thursday that it has appointed company veteran Matt Puckett as executive vice president and chief financial officer.
Following its recent acquisition of Supreme, the Denver, Colorado-based lifestyle company has reported net income of $347.2 million for the third quarter, down 25% compared to $465.0 million in the prior-year period.
The American owner of brands including The North Face, Timberland and Vans is moving its Asian center of operations and product supply hub, both currently based in Hong Kong, to Shanghai and Singapore, respectively.
Colorado-based apparel and footwear group VF Corporation announced on Monday that it will acquire NYC streetwear brand Supreme for $2.1 billion. The company plans to achieve $1 billion in sales with the label by 2024.
The apparel and footwear company announced on Tuesday that it has named former Dr Martens CEO Steve Murray as the new global brand president of The North Face and implemented broader organizational changes.