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Top related persons:
Steve Rendle - 3 Bracken Darrell - 3 Darrell - 3 Rendle - 2 Rendle's - 2 Glenn W - 1 Ken Squire - 1 Mr - 1
Top related locs:
Easton Columbus , Ohio Vans Bengaluru
Top related orgs:
Corp - 3 VF Corp - 2 Vans - 2 Logitech - 2 Welling - 1 Relational Investors - 1 Bloomberg - 1 Partners - 1

Search resuls for: "Steve Rendle"


6 mentions found


☆ Activist Engaged Capital sees a path to lift VF Corp’s share price and slash costs
  + stars: | 2023-11-04 | by ( Kenneth Squire | ) www.cnbc.com   time to read: +6 min
Activist Commentary: Engaged Capital was founded by Glenn W. Welling, a former principal and managing director at Relational Investors. Engaged has had great success as an activist, but almost all that success has come at small-cap companies. VF Corp. was in desperate need of a new CEO, and they got one. Engaged also urges VF Corp. to evaluate non-core divestitures to fix the balance sheet. After adding up all the pieces, Engaged sees a path to a $46 share price within three years.
Persons: Glenn W, Steve Rendle, Rendle, Bracken Darrell, Darrell, Rendle's, Ken Squire Organizations: Welling, Relational Investors, VF Corp, Bloomberg, Partners, Management, Vans, Logitech, Corp, 13D
☆ Vans, North Face owner VF Corp shares jump after activist investor builds stake
  + stars: | 2023-10-17 | by ( Drew Richardson | ) www.cnbc.com   time to read: +2 min
Activist investment firm Engaged Capital has taken a stake in VF Corp. , owner of Vans and The North Face brands, and is pushing for cost cuts and changes to the board. Shares of VF Corp jumped roughly 14% following the news, trading at over $18. Engaged said shares of VF Corp. could jump to a share price of $46 within three years if proposed changes are implemented. It is unclear exactly how much of a stake Engaged has taken in VF Corp. VF Corp. said it is aware of Engaged's comments and investment.
Persons: Steve Rendle, Rendle, Rendle's, Bracken Darrell, Mr, Darrell Organizations: Face Inc, VF Corp, Vans, Corp Locations: Easton, Columbus , Ohio, Vans
☆ Vans sneakers maker VF taps Logitech's Bracken Darrell as CEO
  + stars: | 2023-06-20 | by ( ) www.reuters.com   time to read: 1 min
June 20 (Reuters) - VF Corp (VFC.N) has appointed Bracken Darrell, who last week stepped down as head of computer accessories maker Logitech (LOGN.S) after a 10-year stint, as its new CEO, the apparel and footwear maker said on Tuesday. VF Corp's CEO Steve Rendle retired in December 2022, after 25 years with the company, with lead independent director Benno Dorer named interim CEO. Darrell, who will take charge on July 17, has previously worked at Procter & Gamble (PG.N), Whirlpool Corp (WHR.N) and General Electric (GE.N). Dorer will remain a board member, VF Corp said. Reporting by Deborah Sophia and Juveria Tabassum in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.
Persons: Bracken Darrell, Steve Rendle, Benno Dorer, Darrell, Dorer, Deborah Sophia, Juveria, Sriraj Organizations: VF, Logitech, Procter & Gamble, Whirlpool Corp, General Electric, Corp, Thomson Locations: Bengaluru
☆ Struggling sneaker brand Vans is trying to lure millennials away from Nike and other brands with nostalgia, high heat collabs, and better arch support
  + stars: | 2022-12-13 | by ( Danni Santana | ) www.businessinsider.com   time to read: +6 min
But Harrer, who joined Vans from Dollar Shave Club in April 2021, noted that Vans wasn't reminding people about those classic shoes. Vans stopped marketing its classic sneakers for some time before resuming earlier this year with the "Classic Since Forever" campaign. "Our top-tier limited-distribution footwear, which you may know as Vans Vault, has previously met the needs of influential footwear-trend accounts in the past," he said. With Vans Vault, the company takes classic shoes and collaborates with popular designers and boutiques on new colorways. Vans Vault releases compete with Nike, Adidas, Converse, and others for the general sneaker lover.
☆ Wall St slides as services data spooks investors about Fed rate hikes
  + stars: | 2022-12-05 | by ( David French | ) www.reuters.com   time to read: +4 min
Broadly, indexes suffered as data showed U.S. services industry activity unexpectedly picked up in November, with employment rebounding, offering more evidence of underlying momentum in the economy. Investors see an 89% chance that the U.S. central bank will increase interest rates by 50 basis points next week to 4.25%-4.50%, with the rates peaking at 4.984% in May 2023. The rate-setting Federal Open Market Committee meets on Dec. 13-14, the final meeting in a volatile year, which saw the central bank attempt to arrest a multi-decade rise in inflation with record interest rate hikes. "Stock Exchange" is seen over an entrance to the New York Stock Exchange (NYSE) on Wall St. in New York City, U.S., March 29, 2021. Although bank profits are typically boosted by rising interest rates, they are also sensitive to concerns about bad loans or slowing loan growth amid an economic downturn.
☆ VF Corp. lowers full-year guidance, announces CEO is retiring
  + stars: | 2022-12-05 | by ( Rebecca Picciotto | ) www.cnbc.com   time to read: +1 min
Benno Dorer, who sits on the company's board, will serve as interim CEO while the company searches for Rendle's permanent replacement. VF Corp. said it now expects full-year revenue to increase by 3% or 4% over the prior year, down from previously projected growth of 5% or 6%. It estimates its full-year earnings to come in at about $2.00 to $2.20 per share, down from previous guidance of $2.40 to $2.50, announced a few weeks ago. VF Corp. reported full-year earnings of $3.18 per share last year. This is the second time in less than two months that VF Corp. has slashed its guidance.
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