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{{Infobox Company| company_name =VF Corporation| company_logo =Basic Information| company_type =Public| genre =Consumer Goods; Textile-Apparel Clothing| foundation =1899 (as Reading Glove & Mitten Manufacturing Co.)| founder =John Barbey| dissolved =HQ Contact information| location =Greensboro, USA| locations =| area_served =| key_people =Eric C. Wiseman (CEO)| industry =Apparel105 Corporate Center Boulevard <br />| products =| services =Greensboro| revenue = USD 6,138,090, NC 27408 <br000 (net sales 2006) [http:/>U/phx.Scorporate-ir.Anet/phoenix. <br />zhtml?c=61559&p=irol-fundIncomeA]| operating_income =| company_slogan =Tel| net_income = USD 533,520,000 (2006) [http: 1//phx.corporate-336ir.net/phoenix.zhtml?c=61559&p=irol-424-6000 <br fundIncomeA]| assets =| num_employees = 45,500 [http://finance.yahoo.com/q/>pr?s=VFC]| parent =| equity =| owner =| divisions =| subsid =| homepage = http://www.vfc.com <br />| footnotes =}}
In 1899, Reading Glove and Mitten Manufacturing Company was established by John Barbey and a group of investors in Pennsylvania. In 1919, the company begins to manufacture undergarments and the name changes to Vanity Fair Silk Mills. The company goes public in 1951 to finance futher expansion. In 1969, the jeans-maker [[H.D. Lee Company]] is acquired and the company changes its name to VF Corporation to cover the expanding lines of apparel. With the acquisition of [[Blue Bell, Inc.]] in 1986, the company becomes the world's largest publicly held apparel company. The company continues to expand through the 1990s through a series of acquisitions and licensing agreements in the United States, as well as in Europe. In 2007, VF decides to exit the intimate apparel business. [http://www.vfc.com/sub_pages/our_history.php]
[http://phx.corporate-ir.net/phoenix.zhtml?c=61559&p=irol-fundIncomeA Five Year Income Statement]
===Business strategyStrategy===
* Build a portfolio of strong brands that deliver great value to consumers.
* Target our brands to reach a variety of consumer segments across all retail channels.
[http://www.vfc.com/sub_pages/about_vf.php#]
==Political and Public Influence=Business scope=Paragraph information===Political Contributions=== ==Lines of business=Lobbying===
==Corporate Accountability==
Paragraph
===Labor===
====Domestic====
"VF employed approximately 45,500 men and women in its continuing operations at the end of 2006, of which 17,300 were located in the United States. (Excluded are approximately 8,700 employees of the intimate apparel businesses accounted for as discontinued operations at the end of 2006.) Approximately 300 employees in the United States are covered by a collective bargaining agreement. In international markets, a significant percentage of employees are covered by trade-sponsored or governmental bargaining arrangements. Employee relations are considered to be good." [http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0000893220-07-000491&Type=HTML 10-K 2007]
====Global====
Policy:
* 1997: adopts [http://www.vfc.com/sub_pages/corp_gov.php Global Compliance Principles]
* 2000: requires [[Worldwide Responsible Apparel Production]] (WRAP) certification of all owned facilities. VF Corporation has been affiliated with WRAP since its inception. [[Candace S. Cummings]] (VP-Administration, General Counsel & Secretary) is on the WRAP Board of Directors. <ref> VF Corporation. Global Compliance Report 2005. </ref>
* 2004: joins [[Fair Labor Association]]
* "All contracted production must meet VF’s high quality standards. Further, each of the over 1,500 independent contractors that manufacture apparel products for VF must be pre-certified and sign a [http://www.vfc.com/sub_pages/corp_gov.php Terms of Engagement] agreement prior to performance of any production on VF’s behalf. These requirements provide strict standards covering hours of work, age of workers, health and safety conditions and conformity with local laws. We also require our independent licensees and their contractors to comply with these standards. We maintain an ongoing audit program to ensure compliance with these requirements by using dedicated internal and outsourced staff." [http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0000893220-07-000491&Type=HTML 10-K 2007]
Campaigns against company:
* 2001: workers at the [[International Garments Manufacturing Corp.]] in the Philippines strike to protest union-busting. Factory produces VF brand Wrangler and for [[Gap Inc.]] and these companies are pressured to intervene with factory management through a letter-writing campaign initiated by the [[Clean Clothes Campaign]]. Workers were not successful and financial difficulties forced them to accept separation pay. [http://www.cleanclothes.org/urgent/01-06-19.htm]
* 2003: workers at the [[Jaqalanka Ltd.]] factory in Sri Lanka are denied unionization. Factory produces for VF brand Red Kap and for [[Nike]]. Nike and [[Free Trade Zone Workers Union]] requested that [[Fair Labor Association]] investigate the dispute. After an FLA investigation and pressure from clients, factory management agrees to recognize union. [http://www.cleanclothes.org/urgent/03-10-21.htm]
* 2004: [[National Labor Committee]] includes VF Corporation in a campaign against forty companies producing in Bangladesh. The goal is for firms to pledge to abide by legal labor protections for pregnant women. VF has not signed the pledge. [http://www.nlcnet.org/campaigns/maternity/companies.shtml]
Major reports:
# [http://fairlabor.org/pubs/reports Fair Labor Association's Annual Reports]
# Human Rights Watch, Guatemala Discrimination Against Women Workers 2002<ref>[http://hrw.org/english/docs/2002/02/12/guatem3733.htm Guatemala: Women and Girls Face Job Discrimination], ''Human Rights Watch'', February 12, 2002.</ref>
===Human Rights===
===Environment ===
===Consumer Protection and Product Safety===
===Anti-Trust and Tax Practices===
===Social Responsibility Initiatives===
==Business Scope==
====Units/subsidiaries====
* Jeanswear coalition
* 7 For All Mankind ®
</div>
====Customers====
"VF’s customers are specialty stores, department stores, national chains and mass merchants in the United States and in international markets, primarily in Europe. Sales to VF’s ten largest customers, all of which are retailers based in the United States, amounted to 30% of Total Revenues in 2006, 31% in 2005 and 35% in 2004. These larger customers included (in alphabetical order) [[Federated Department Stores, Inc.]], [[Kohl’s Corporation]], [[J.C. Penney Company, Inc.]], [[Sears Holding Corporation]], [[Target Corporation]] and [[Wal-Mart Stores, Inc.]] Sales to the five largest customers amounted to approximately 24% of Total Revenues in 2006, 25% in 2005 and 28% in 2004. Sales to VF’s largest customer, Wal-Mart Stores, Inc., totaled 13.2% of Total Revenues in 2006, 14.0% in 2005 and 13.5% in 2004, substantially all of which were in the Jeanswear Coalition." [http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0000893220-07-000491&Type=HTML 10-K 2007]
* [[Levi Strauss & Co.]]
* [[Sears Holdings Corporation]]
<table border====Breakdown of revenues===="1"><tr><th>Customers</th><th>Suppliers</th><th>Creditors</th><th>Competitors</th></tr><tr><td>Customer 1</td><td>Supplier 1</td><td>Creditor 1</td><td>Competitor 1</td></tr><tr><td>Customer 2</td><td>Supplier 2</td><td>Creditor 2</td><td>Competitor 2</td></tr><tr><td>Customer 3</td><td>Supplier 3</td><td>Creditor 3</td><td>Competitor 3</td></tr><tr><td>Customer 4</td><td>Supplier 4</td><td>Creditor 4</td><td>Competitor 4</td></tr></table>
===Financial Information (as of DATE)=Breakdown of assets==Ticker Symbol: VFC <br>Main Exchanges: NYSE <br>Investor Website: http://phx.corporate-ir.net/phoenix.zhtml?c=61559&p=irol-irhome <br>
====Breakdown List of employeeslargest shareholders====# [[Ursula F. Fairbairn]], [[M. Rust Sharp]] & [[PNC Bank]] (21,654,103 shares)# [[Mackey J. McDonald]] (147,730 shares)# [[PNC Financial Services Group, Inc.]] (21,720,313 shares)# [[AXA]] (12,632,394 shares)[http://finance.yahoo.com/q/mh?s=VFC]
<table border="1"><tr><th>Shareholder</th><th>% Total Shares held</th></tr><tr><td>Shareholder 1</td><td>% Held 1</td></tr><tr><td>Shareholder 2</td><td>% Held 2</td></tr><tr><td>Shareholder 3</td><td>% Held 3</td></tr><tr><td>Shareholder 4</td><td>% Held 4</td></tr></table><b>Largest Shareholders</b> Geographic scope paragraph <table border="1"><tr><th>Country</th><th>Revenue</th><th>Profits</th><th>Assets</th><th>Employees</th></tr><tr><td>Country 1</td><td>Revenue 1</td><td>Profit 1</td><td>Assets 1</td><td>Employees 1</td></tr><tr><td>Country 2</td><td>Revenue 2</td><td>Profit 2</td><td>Assets 2</td><td>Employees 2</td></tr><tr><td>Country 3</td><td>Revenue 3</td><td>Profit 3</td><td>Assets 3</td><td>Employees 3</td></tr><tr><td>Country 4</td><td>Revenue 4</td><td>Profit 4</td><td>Assets 4</td><td>Employees 4</td></tr></table> ==Governance===
====Executives====
* [[Eric C. Wiseman]], President and CEO
* [[Candace S. Cummings]], VP-Administration, General Counsel & Secretary: USD 770,000 & USD 1.03 million exercised
[http://finance.yahoo.com/q/pr?s=VFC]
====Date & venue of next AGM====
==Corporate AccountabilityContact Information==105 Corporate Center Boulevard <br />Greensboro, NC 27408 <br/>U.S.A. <br />Tel: 1-336-424-6000 <br />http://www.vfc.com <br />
===Labor=Articles and Resources======Domestic===="VF employed approximately 45,500 men and women in its continuing operations at Books on the end of 2006, of which 17,300 were located in the United States. (Excluded are approximately 8,700 employees of the intimate apparel businesses accounted for as discontinued operations at the end of 2006.) Approximately 300 employees in the United States are covered by a collective bargaining agreement. In international markets, a significant percentage of employees are covered by trade-sponsored or governmental bargaining arrangements. Employee relations are considered to be good." [http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0000893220-07-000491&Type=HTML 10-K 2007]====Global=Company===Policy: * 1997: adopts [http://www.vfc.com/sub_pages/corp_gov.php Global Compliance Principles]* 2000: requires [[Worldwide Responsible Apparel Production]] (WRAP) certification of all owned facilities. VF Corporation has been affiliated with WRAP since its inception. [[Candace S. Cummings]] (VP-AdministrationRodengen, General Counsel & Secretary) is on the WRAP Board of DirectorsJeffrey L. <ref> VF Corporation1998. Global Compliance Report 2005. </ref>* 2004: joins [[Fair Labor Association]]* "All contracted production must meet VF’s high quality standards. Further, each ''The Legend of the over 1,500 independent contractors that manufacture apparel products for VF must be pre-certified and sign a [http://www.vfc.com/sub_pages/corp_gov.php Terms of Engagement] agreement prior to performance of any production on VF’s behalf. These requirements provide strict standards covering hours of work, age of workers, health and safety conditions and conformity with local laws. We also require our independent licensees and their contractors to comply with these standards. We maintain an ongoing audit program to ensure compliance with these requirements by using dedicated internal and outsourced staff." [http://yahoo.brand.edgar-online.com/fetchFilingFrameset.aspx?dcn=0000893220-07-000491&Type=HTML 10-K 2007]Campaigns against company:* 2001: workers at the [[International Garments Manufacturing Corp.]] in the Philippines strike to protest union-busting. Factory produces VF brand Wrangler and for [[Gap Inc.]] and these companies are pressured to intervene with factory management through a letter-writing campaign initiated by the [[Clean Clothes Campaign]]. Workers were not successful and financial difficulties forced them to accept separation pay. [http://www.cleanclothes.org/urgent/01-06-19.htm]* 2003: workers at the [[Jaqalanka Ltd.]] factory in Sri Lanka are denied unionization. Factory produces for VF brand Red Kap and for [[Nike]]. Nike and [[Free Trade Zone Workers Union]] requested that [[Fair Labor Association]] investigate the dispute. After an FLA investigation and pressure from clients, factory management agrees to recognize union. [http://www.cleanclothes.org/urgent/03-10-21.htm] * 2004: [[National Labor Committee]] includes VF Corporation in a campaign against forty companies producing in Bangladesh. The goal is for firms to pledge to abide by legal labor protections for pregnant women. VF has not signed the pledge. [http://www.nlcnet.org/campaigns/maternity/companies.shtml]Major reports:# [http://fairlabor.org/pubs/reports Fair Labor Association's Annual Reports]# Human Rights Watch, Guatemala Discrimination Against Women Workers 2002<ref>[http' Fort Lauderdale://hrw.org/english/docs/2002/02/12/guatem3733.htm Guatemala: Women and Girls Face Job Discrimination], ''Human Rights Watch'', February 12, 2002Write Stuff Enterprises.</ref>
===Environment & product safetyRelated SourceWatch Articles===
===Human rightsSources=== ===Anti-trust, consumer protection, tax practices======Political & public influence===<references/>
===Social responsibility initiativesExternal Resources===
[[Category: Corporations]]
[[Category: Apparel]]
[[Link title]]