Hints and tips:
...Steve Rendle has stepped down as CEO and chair of VF Corp, the clothing group behind The North Face. Benno Dorer, the lead independent director of its board, will take his place in the interim....
...And while we um and ah about whether the brand retained its “cool factor” in the process, Carlye has doubled that money with its sale to VF....
...“Following the announcement of a tax-free spin off of the jeanswear business this morning, VF Corp shares are down . . . as investors grapple with an appropriate valuation for the new independent company...
...You can also read a VF Q&A with him from August last year here, while the FT and New York Times reviews of his book Boomerang: Travels in the New Third World are here and here....
...US jeanswear imports rose 12.8 per cent year on year in the first three months of 2010, while the average landed cost of imported jeans would probably climb about 3.2 per cent this year, according to Mr...
...VF also highlighted the uneven nature of recovering demand, with areas such as jeanswear remaining subdued, with stronger growth at its North Face and Vans brands that will be the main focus of its marketing...
...Eric Wiseman, chief executive of VF Corp, said the company was expecting a challenging 2009, with retailers already pulling back on spring season orders....
...The changes at VF have included dividing the company’s 37 brands into “lifestyle groups” – jeanswear, sportwear, outdoor and imagewear....
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