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OFFON

V.F. CORPORATION

(VFC)
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V F : Welcome Back Eastpak

09/28/2021 | 12:42pm EST

U.S. consumers will see the return of a familiar brand name this fall, as global lifestyle icon Eastpak relaunches in North America following several strong growth years in the European and APAC regions. Known for its stylish and functional backpacks, bags, gear and accessories, Eastpak will be back with a mix of new-to-market products and perennial favorites. The Fall 2021 relaunch will include the North American introduction of soft carry and wheeled travel items, paired with Eastpak's well-known Padded Pak'r and Padded Zippl'r. On the horizon are a number of highly-anticipated collaborations, with brands including Raf Simons, Vivienne Westwood, Kith, and Neighborhood, to name a few.

The North America re-entry is led by President Nina Flood, who took the helm in 2020. Under her leadership, demand for Eastpak has grown in the Americas through global ecommerce sites including ASOS, SSENSE and other high-end retail platforms. Flood anticipates Eastpak will see an expanded presence in key US and Canada fashion and lifestyle retailers looking ahead. In the meantime, with this market re-entry, Eastpak will be fully platformed in the U.S. with the debut of us.eastpak.com.

In addition to leading Eastpak, Flood serves as president of JanSport. Her 17 years with VF Corp. include a stretch as president of Kipling Americas, and prior to that as VP of Strategy and Marketing and Nautica.

Disclaimer

VF Corporation published this content on 28 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 September 2021 16:41:02 UTC.


ę Publicnow 2021
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Analyst Recommendations on V.F. CORPORATION
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Financials (USD)
Sales 2022 11 959 M - -
Net income 2022 1 318 M - -
Net Debt 2022 4 005 M - -
P/E ratio 2022 22,1x
Yield 2022 2,59%
Capitalization 29 671 M 29 671 M -
EV / Sales 2022 2,82x
EV / Sales 2023 2,61x
Nbr of Employees 33 600
Free-Float 99,8%
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Technical analysis trends V.F. CORPORATION
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 75,54 $
Average target price 86,45 $
Spread / Average Target 14,4%
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Managers and Directors
Steven E. Rendle Executive Chairman, President & CEO
Matt Puckett Chief Financial Officer & Executive Vice President
Velia Carboni Executive VP, Chief Technology & Digital Officer
Clarence Otis Independent Director
W. Alan McCollough Lead Independent Director
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