VF Corporation will allocate Lee and Wrangler brands in a separate company

American corporation VF, the owner of many well-known brands of fashion, sports and work clothes, intends to allocate such jeans brands as Lee, Wrangler, Rustlers and Rock and Republic in a separate company. The shares of the new company, the aggregate annual revenue of which will exceed $2.5 billion, will also be traded on the stock exchange. It is expected that the operation for the spin-off of the new company will be completed in the first half of 2019. The operation involves a tax-free distribution of the shares of the new company between VF shareholders.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
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