Lee and Wrangler jeans get the boot as VF Corp moves to Denver

The company that makes Vans sneakers and The North Face jackets is moving its headquarters to Denver. But VF Corp won't take its Wrangler, Lee and Rock and Republic jeans brands along. The apparel company announced the move from North Carolina Monday and said it was spinning off its denim brands into an independent company. VF will focus on its more profitable activewear and outdoor brands, which grew by 25% last quarter and generated $11 billion in annual revenue. The spinoff of the yet-to-be named jeans company will be completed in the first half of 2019 and is expected to rake in annual sales of more than $2.5 billion. About 80 VF outlet stores will also join the new company, and the headquarters will remain in Greensboro, North Carolina. Colorado provided nearly $30 million in tax breaks to entice VF to move...MORE