WASHINGTON (dpa-AFX) - VF Corp. (VFC) is exploring strategic options for its denim business that could include a sale or spin off of the classic American brands, the Wall Street Journal reported, citing people familiar with the situation.
The apparel conglomerate has owned Wrangler and Lee for decades and they were once its core, but the company's jeans sales have slowed in recent years as more women opt for yoga pants or premium denim brands like J Brand or Frame.
VF's denim business last year had $2.66 billion in sales and $422 million in profit.
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