Bracken Darrell’s reinvention of VF Corp. is well underway. But while the strategy and management have changed, the financial results are still lagging well behind, with steep losses and sharp sales declines in the fiscal fourth quarter and continuing weakness in the U.S. wholesale market. Still, Darrell, who’s been president and chief executive officer for … Read more
Photo: Mitsubishi If there’s one thing American overland enthusiasts love, it’s the Mitsubishi Delica. You can keep all of your Sprinters, and the NV’s just absurd — the Delica is the apple of our collective eyes. Yet, with registrations of imported JDM vans at risk from local governments, Mitsubishi is finally stepping up with a … Read more
The future is coming for Supreme. Financial sources said the luxury streetwear brand is quietly being shopped around to potential buyers and that VF Corp. — which bought Supreme for $2.1 billion in 2020 — is working with Goldman Sachs to review its portfolio at large. While VF Corp. has been public about its desire … Read more
Image: Facebook Marketplace The whole van life craze is still going strong, but if you aren’t the kind of person who can just go buy a brand new Mercedes Sprinter and drop another fifty grand modifying it with all the gubbins you need to live in it, there are much less expensive options available to … Read more
I guess there really is a car out there for everyone. As car enthusiasts, we can be pretty critical when a car is bad. The flip side of that coin is we can be pretty loving and dedicated to those same cars, especially if we think there’s something cool or unique about them. – Lawrence … Read more
VF Corp. is walking a fine financial line — just one step above “junk” status as it seeks to restart sales growth and unload brands to pay back debt. Standard & Poor’s on Friday cut its credit rating on VF to “BBB-minus” from “BBB.” That left the company in the last tier of the investment … Read more
The struggling — and rapidly reinventing — VF Corp. has made peace with activist investor Engaged Capital. VF said it would name luxury and fashion veteran Caroline Brown to its board in the wake of “constructive engagement with VF’s shareholders including Engaged Capital.” The company said it also “intends to appoint to the board another … Read more
