Vans owner VF Corp shares jump after activist investor builds stake
Activist investor Engaged Capital said it took a stake in Vans owner VF Corporation, pushing for aggressive changes.
Stay updated with breaking news from Bracken Darrell. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Activist investor Engaged Capital said it took a stake in Vans owner VF Corporation, pushing for aggressive changes.
An activist investor with a stake in VF Corporation has outlined a plan to increase shareholder value and cut costs at the footwear conglomerate.
If the investor gets its way, brands from Supreme to Timberland could be reviewed for potential sale.
Daniel Borel, who holds the honorary position of chairman emeritus at Logitech, said he would give its board time to act before pursuing his agenda further.
Borel, one of three people who founded Logitech in 1981, said the maker of computer mice and keyboards had lost its way under Becker, who has chaired it since September 2019.