Why Timberland Might Be on VF Corp.’s Chopping Block — and Who Might Pick It Up
February 7, 2024
VF Corporation on Tuesday announced that it would carry out a “strategic review” of its brand portfolio, following another disappointing quarter for the shoe and apparel company. Now insiders are speculating that Timberland could be a likely contender for divestiture.
The company, which reported a sales decline of 16 percent to $3 billion and a net loss of $42.5 million, did not specify which brands would be likely to go. FN