Stock Markets
V.F. Corp. heirs support Engaged Capital’s push for board shake-up – Reuters


© Reuters. V.F. Corp. (VFC) heirs support Engaged Capital’s push for board shake-up – Reuters
Engaged Capital, an activist investor, has received support from the founding family of V.F. Corp. (NYSE:), according to Reuters on Monday. The investor aims to secure board seats and accelerate changes at VF Corp, which is the parent company of popular brands such as North Face, Vans, and Timberland.
Reuters said it was told by Kelly Barbey that the activist investment firm, which has a 1.3% stake in VF, has won the support of descendants of John Barbey, who founded VF in 1899.
Members of the Barbey family now collectively own about 15% of VF.
The publication said Kelly Barbey told them that the Barbey family wants two directors on VF’s 12-member board replaced. They want to replace Clarence Otis, a director since 2004, and Juliana Chugg, a director since 2009, as they blame them for not responding to challenges the company has faced over the last few years.
Engaged Capital disclosed its position in the company last year and has been pushing for board representation since then.
Reuters said Barbey told them that “Engaged Capital must urgently attain the Board member changes requested,” as “public shareholders and the Barbey trust beneficiaries depend upon them.”
Stock Markets
Calian to Hold Conference Call Following Announcement of Second Quarter FY 2025 Results
Stock Markets
Bank of the James Announces First Quarter of 2025 Financial Results
Stock Markets
Gold set to glitter again as dollar fightback to fade, fed rate cuts incoming: UBS
- Forex3 years ago
Forex Today: the dollar is gaining strength amid gloomy sentiment at the start of the Fed’s week
- Forex2 years ago
Unbiased review of Pocket Option broker
- Forex3 years ago
How is the Australian dollar doing today?
- Forex3 years ago
Dollar to pound sterling exchange rate today: Pound plummeted to its lowest since 1985
- Cryptocurrency3 years ago
What happened in the crypto market – current events today
- World3 years ago
Why are modern video games an art form?
- Commodities3 years ago
Copper continues to fall in price on expectations of lower demand in China
- Economy3 years ago
Crude oil tankers double in price due to EU anti-Russian sanctions