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BUSINESS
April 7, 2000
* VF Corp., the world's biggest clothing maker, said it offered about $40 million for German jeans maker H.I.S. Sportswear. VF signed a letter of intent with Chic by H.I.S. Inc. to acquire its 56% stake in H.I.S. Sportswear. * Guide to Our Staff: Need to reach Business section reporters or editors? A guide to the section's staff can be found at http://www.latimes.com/bizstaff.
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BUSINESS
July 10, 2013 | By Tiffany Hsu
A group of 17 American retailers, including Wal-Mart Stores Inc., Target Corp. and Macy's Inc., have signed on to a five-year agreement to help improve safety at garment factories in Bangladesh. The accord is separate from a legally binding plan finalized earlier this week by more than 70 mostly European companies such as H&M and Zara owner Inditex. U.S. apparel sellers largely avoided the contract. Instead, they said Wednesday that their coalition would seek inspections at all member-supported factories in Bangladesh within a year.
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BUSINESS
November 6, 1999 | JAMES F. PELTZ, TIMES STAFF WRITER
The initials of VF Corp., the nation's largest publicly held apparel maker, reflect the century-old company's former name of Vanity Fair Mills. But these days, they might stand for "very frustrated." VF is a leading maker of low- to mid-priced denim jeans under the Lee and Wrangler brands, and the company's stock has been hammered since the spring amid ongoing publicity about a jeans glut in U.S. retailing that's also bloodied industry giant Levi Strauss & Co.
BUSINESS
September 3, 2012 | By Roger Vincent, Los Angeles Times
Construction has kicked off on a $63-million apartment and shopping complex near a light-rail station on the edge of downtown Culver City as developers move to capitalize on the new Expo Line. The six-story project is being built by Santa Monica apartment landlord NMS Properties. The development at 9901 Washington Blvd. in Los Angeles, across the street from Culver City, will be known as NMS@Culver City. It will house 131 units over restaurants and shops. The complex is across from the Kirk Douglas Theatre and Sony Pictures Plaza office building.
BUSINESS
July 8, 2003 | From Reuters
VF Corp., the world's largest jeans maker, Monday said that it agreed to buy designer Nautica Enterprises Inc. for about $586 million, expanding into brands sold in upscale department stores. Nautica, known for preppy, all-American styles that compete with those of Tommy Hilfiger Corp. and Polo Ralph Lauren Corp., also owns the pricey Earl Jeans brand. Greensboro, N.C.
BUSINESS
August 5, 2003 | From Bloomberg News
Major League Baseball signed five-year apparel licensing agreements with Nike Inc., VF Corp. and five closely held companies that will generate at least $500 million from 2005 through 2009, Commissioner Bud Selig said. The agreements, which will pay each of the 30 MLB teams an average $3.3 million a year, represent a 70% increase over the previous agreements.
BUSINESS
December 14, 1993 | From Times Staff and Wire Reports
VF Corp. Buying Nutmeg Industries Inc.: VF, expanding into adult sports apparel, agreed to make the purchase for about $325.5 million in cash, the companies said. Tampa, Fla.-based Nutmeg is a leading licensee for all major league sports, including Major League Baseball, the National Football League, the National Basketball Assn. and the National Hockey League. It had recent 12-month sales of about $185 million. Nutmeg shares jumped $2.50 to $17.
BUSINESS
July 27, 2007 | Leslie Earnest, Times Staff Writer
VF Corp., which has already collected Southern California companies that make skate shoes, surf sandals and snow parkas, is set to toss premium denim into its bulging closet of brands. The company said Thursday that it would buy Los Angeles-based jeans maker 7 for All Mankind from founder Peter Koral and a private equity firm for $775 million. Koral, the company's chairman and president, started the business in 2000. Bear Stearns Cos. bought a 50% stake two years ago.
BUSINESS
July 1, 2004 | Dawn Wotapka, Times Staff Writer
One of the nation's denim kings can now add shoes to a closet also brimming with backpacks and bras. Shareholders of Vans Inc., the California shoemaker, voted Wednesday in favor of being acquired by VF Corp. for $396 million, or $20.55 a share. More than 99% of votes cast endorsed selling to Greensboro, N.C.-based VF, the nation's largest publicly held apparel company. Vans will keep its Santa Fe Springs headquarters and will shed few of its roughly 1,600 employees, many in California.
BUSINESS
November 22, 1998
In disputes about working conditions in a plant, who is more likely to uncover the truth--the person who tours the plant with the company or the person who meets with workers off the premises? "Garment-Textile Boom Brings Wrenching Change to Mexico" [Sept. 27] cites "Cross Border Blues," a report I wrote. The report discusses working conditions in plants in Tehuacan that produce for U.S. denim companies such as Guess, Sun Apparel Inc. and VF Corp. When our fact-finding delegation went to Tehuacan, we were unable to view inside the factories, but we did meet with workers off the premises and worked closely with the local Human Rights Commission, which is headed by a respected priest in the area.
BUSINESS
July 27, 2007 | Leslie Earnest, Times Staff Writer
VF Corp., which has already collected Southern California companies that make skate shoes, surf sandals and snow parkas, is set to toss premium denim into its bulging closet of brands. The company said Thursday that it would buy Los Angeles-based jeans maker 7 for All Mankind from founder Peter Koral and a private equity firm for $775 million. Koral, the company's chairman and president, started the business in 2000. Bear Stearns Cos. bought a 50% stake two years ago.
BUSINESS
July 1, 2004 | Dawn Wotapka, Times Staff Writer
One of the nation's denim kings can now add shoes to a closet also brimming with backpacks and bras. Shareholders of Vans Inc., the California shoemaker, voted Wednesday in favor of being acquired by VF Corp. for $396 million, or $20.55 a share. More than 99% of votes cast endorsed selling to Greensboro, N.C.-based VF, the nation's largest publicly held apparel company. Vans will keep its Santa Fe Springs headquarters and will shed few of its roughly 1,600 employees, many in California.
BUSINESS
August 5, 2003 | From Bloomberg News
Major League Baseball signed five-year apparel licensing agreements with Nike Inc., VF Corp. and five closely held companies that will generate at least $500 million from 2005 through 2009, Commissioner Bud Selig said. The agreements, which will pay each of the 30 MLB teams an average $3.3 million a year, represent a 70% increase over the previous agreements.
BUSINESS
July 8, 2003 | From Reuters
VF Corp., the world's largest jeans maker, Monday said that it agreed to buy designer Nautica Enterprises Inc. for about $586 million, expanding into brands sold in upscale department stores. Nautica, known for preppy, all-American styles that compete with those of Tommy Hilfiger Corp. and Polo Ralph Lauren Corp., also owns the pricey Earl Jeans brand. Greensboro, N.C.
BUSINESS
November 15, 2001
* Campbell Soup Co. said fiscal first-quarter profit fell 16% to $171 million, or 42 cents a share, as it spent more on marketing and on making its products tastier and easier to open. Sales rose 9.4% to $1.73 billion. The results beat analysts' average estimate of 41 cents, which had been raised from 34 cents in October, according to Thomson Financial/First Call. * American Skiing Co. agreed to sell its Steamboat ski resort in Steamboat Springs, Colo., as the largest U.S.
BUSINESS
April 8, 2000 | JAMES F. PELTZ, TIMES STAFF WRITER
VF Corp., taking another step to widen its niche apparel lines while its big jeans business recovers, agreed Friday to buy struggling sportswear and outdoor equipment maker the North Face Inc. for $25.4 million in cash. The announcement came only two days after loss-ridden North Face, a San Leandro, Calif.-based concern that was founded in 1966, said it might have to seek protection from creditors via a bankruptcy reorganization.
BUSINESS
July 10, 2013 | By Tiffany Hsu
A group of 17 American retailers, including Wal-Mart Stores Inc., Target Corp. and Macy's Inc., have signed on to a five-year agreement to help improve safety at garment factories in Bangladesh. The accord is separate from a legally binding plan finalized earlier this week by more than 70 mostly European companies such as H&M and Zara owner Inditex. U.S. apparel sellers largely avoided the contract. Instead, they said Wednesday that their coalition would seek inspections at all member-supported factories in Bangladesh within a year.
BUSINESS
November 6, 1999 | JAMES F. PELTZ, TIMES STAFF WRITER
The initials of VF Corp., the nation's largest publicly held apparel maker, reflect the century-old company's former name of Vanity Fair Mills. But these days, they might stand for "very frustrated." VF is a leading maker of low- to mid-priced denim jeans under the Lee and Wrangler brands, and the company's stock has been hammered since the spring amid ongoing publicity about a jeans glut in U.S. retailing that's also bloodied industry giant Levi Strauss & Co.
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