An American clothing giant is reportedly turning its back on Wrangler and Lee, 2 of the country’s most iconic denim brands

Business
Wrangler Jeans

VF Corp. is considering selling or spinning off its denim business, including iconic American brands Lee and Wrangler, the Wall Street Journal reported.
VF Corp has owned the brands for decades.
The possible move comes as denim sales wane amid the growing popularity of athletic wear.

Clothing giant VF Corp. is reportedly considering selling or spinning off its denim business, which includes the iconic American brands Lee and Wrangler, the Wall Street Journal is reporting.

The possible move comes following years of waning denim sales amid soaring demand for athletic wear.

VF Corp. owns more than 30 brands, including Vans, The North Face, and Timberland.

This is breaking news, check back for updates.

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Source:: Business Insider – Finance

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