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Headquarters:
105 Corporate Center Blvd. Website: http://www.vfc.com VF is the world's largest maker of clothing. It sells jeans, underwear, sportswear and outdoor clothing under a variety of brands including Wrangler, Lee, Riders, The North Face, Vans, Reef, Eagle Creek, Eastpak, JanSport, Napapijri, Nautica, Kipling, John Varvatos, 7 For All Mankind, lucy, Splendid, Ella Moss, Majestic and Red Kap. The company is aiming its focus on building more brands to boost sales and targeting youthful, female customers. It's also expanding into China, Europe, Japan and India to gain more customers. The company's four largest brands - Wrangler, Lee, The North Face and Vans, represent approximately 60% of total revenues In 2008, VF had revenues of $7.6 billion and net income of $602.7 million. History In 1899, John Barbey and a group of investors launch the Reading Glove and Mitten Manufacturing Company in Reading, PA with an investment of $11,000. This company would be the predecessor for VF. In 1912, the H.D. Lee Mercantile Company opened for business in Kansas City to meet the growing demand for work clothing including overalls, jackets and dungarees. In 1919, the company was renamed Vanity Fair Silk Mills and began manufacturing underwear. In 1947, Wrangler Westernwear was formed to make jeans modeled after cowboys. Vanity Fair would go public in 1951 and listed on the NYSE in 1966. Vanity Fair Mills would change its name to VF Corporation in 1969. In 1986, VF would purchase Blue Bell Inc., maker of Wrangler and Rustler jeans and Jantzen swimwear. In 2003, VF acquired Nautica Enterprises. In 2008, VF paid $775 million for Seven For All Mankind, LLC and $110 million for lucy activewear, inc. Benefits Full-time associates (those scheduled to work 30 or more hours per week) are eligible for benefits. Waiting periods may vary according to the specific benefit plan. Coverage is also available for family members, including spouse, same sex domestic partner (medical, dental, and vision only), and children. Medical Coverage All full-time VF associates have the option of enrolling in medical plans from a menu of providers. Most associates are offered PPO plans through Blue Cross Blue Shield and/or United Healthcare.* Dental Coverage All full-time VF associates have the option of enrolling in a dental plan through VF, primarily Metlife Dental.* Vision Coverage All full-time VF associates have the option of enrolling in a vision plan through VF, primarily Spectera or VSP. Life and Accidental Death/Dismemberment Coverage Full-time VF associates are covered by basic life insurance. Accidental death and dismemberment coverage also is available. Disability Coverage Full-time VF associates are eligible for disability programs.* Retirement Savings Plan - 401(k) and Other Plans Most VF Associates are eligible to participate in a 401(k) plan. Vacation/Holiday Pay Vacation and holiday pay is available to most VF associates. Vacation and holiday schedules and requirements may vary by work location. Other Benefits Available to VF Associates* • Tuition assistance * Benefits may vary by work location. Updated October 27, 2009 |