Kontoor Brands

Last updated
Kontoor Brands
Type Public
NYSE:  KTB
S&P 600 component
Industry clothing
Headquarters Greensboro, North Carolina
Key people
Scott Baxter (CEO) [1]
Brands
RevenueIncrease2.svg $2.5 billion(2019) [2]
Number of employees
15,000 [3]
Website kontoorbrands.com

Kontoor Brands is an American clothing company. [4] [5] It was a spin off from the VF Corporation in May 2019, [6] [7] [8] and markets denim clothing under the Lee, Wrangler and Rock & Republic brand names. [9] [10] Kontoor Brands also operates the VF Outlet chain of factory outlet stores. Its head office is in Greensboro, North Carolina. [11] [5]

Stock in the company is traded on the New York Stock Exchange under the symbol KTB; market capitalisation in 2020 was about $2.2 billion. [12] [13]

Related Research Articles

Tapestry, Inc. is an American multinational luxury fashion holding company. It is based in New York City and is the parent company of three major brands: Coach New York, Kate Spade New York and Stuart Weitzman. Originally named Coach, Inc., the business changed its name to Tapestry on October 31, 2017.

Wrangler is an American manufacturer of jeans and other clothing items, particularly workwear. The brand is owned by Kontoor Brands Inc., which also owns Lee. Its headquarters is in downtown Greensboro, North Carolina, in the United States, with production plants in a variety of locations throughout the world.

<span class="mw-page-title-main">J.Crew</span> American Retail Company

J.Crew Group, Inc., is an American multi-brand, multi-channel, specialty retailer. The company offers an assortment of women's, men's, and children's apparel and accessories, including swimwear, outerwear, lounge-wear, bags, sweaters, denim, dresses, suiting, jewelry, and shoes.

<span class="mw-page-title-main">Lee (jeans)</span> American brand of denim jeans

Lee is an American brand of denim jeans, first produced in 1889 in Salina, Kansas. The company is owned by Kontoor Brands, a spin-off of VF Corporation's Jeanswear Division. Since 2019 its headquarters has been in Greensboro, North Carolina, relocated from Merriam, Kansas. The company states that it is an international retailer and manufacturer of casual wear and work wear and that it has more than 400 employees in the United States. In Australasia, the brand has been owned by Pacific Brands since 2007, after it was acquired from Yakka.

<span class="mw-page-title-main">PVH Corp.</span> American clothing company

PVH Corp., formerly known as the Phillips-Van Heusen Corporation, is an American clothing company which owns brands such as Tommy Hilfiger, Calvin Klein, Warner's, Olga and True & Co. The company also licenses brands such as Kenneth Cole New York and Michael Kors. PVH is partly named after Dutch immigrant John Manning Van Heusen, who in 1910 invented a new process that fused cloth on a curve.

<span class="mw-page-title-main">VF Corporation</span> American apparel company

VF Corporation is an American global apparel and footwear company founded in 1899 and headquartered in Denver, Colorado. The company's 13 brands are organized into three categories: Outdoor, Active and Work. The company controls 55% of the U.S. backpack market with the JanSport, Eastpak, Timberland, and North Face brands.

<span class="mw-page-title-main">Lucky Brand Jeans</span> American denim company

Lucky Brand Jeans is an American denim company founded in Vernon, California in 1990 by Gene Montesano and Barry Perlman. Lucky also produces other apparel, including activewear, outerwear, T-shirts, and professional attire.

<span class="mw-page-title-main">Rock & Republic</span>

Rock & Republic is an American jeans brand founded by Michael Ball in 2002. Ball is a cyclist who gained design experience by creating his cycling team's uniforms. Rock & Republic's line of jeans and casual wear "VB Rocks" was designed by singer Victoria Beckham until 2008.

<span class="mw-page-title-main">Hanes</span> American brand of clothing

Hanes and Hanes Her Way is a brand of clothing.

<span class="mw-page-title-main">Ascena Retail Group</span> American corporation

Ascena Retail Group, Inc., is an American retailer of women's clothing. Ascena also owns Lane Bryant clothing store brand, and is the parent company of Ann Inc., operator of Ann Taylor and Loft stores.

<span class="mw-page-title-main">Pepe Jeans</span>

Pepe Jeans London is a denim and casual wear jeans brand established in the Portobello Road area of London in 1973, and now based in Sant Feliu de Llobregat, Spain.

<span class="mw-page-title-main">JOOP!</span> German luxury fashion house

Joop GmbH, branded JOOP!, is a German luxury fashion house specializing in contemporary clothing and cosmetics.

Hanesbrands Inc. is an American multinational clothing company based in Winston-Salem, North Carolina. It employs 65,300 people internationally. On September 6, 2006, the company and several brands were spun off by the Sara Lee Corporation.

<span class="mw-page-title-main">Calvin Klein (fashion house)</span> American fashion brand

Calvin Klein Inc. is an internationally operating, American fashion house. The company, which became famous for its designer underwear and denim lines in the 1980s, specializes in mass-market ready-to-wear clothing for all genders and age groups as well as leather products, lifestyle accessories and shoes, home furnishings, perfume/cosmetics, eyewear, jewellery and watches in the mid-price segment. Its high-end runway fashion division, which represented the top level of the various Calvin Klein sub-brands, was discontinued in 2019.

Chico's FAS is an American women's clothing and accessories retailer founded in 1983 on Sanibel Island, Florida. The company was founded by Marvin and Helene Gralnick and is headquartered in Fort Myers, Florida. Chico's FAS operates four brands: its namesake Chico's store, White House Black Market, Soma and TellTale. As of October 2019, Chico's FAS operated 1,376 women's clothing stores in the US and Canada, and sold merchandise online. Merchandise was also sold through franchise locations in Mexico and U.S. airport locations.

<span class="mw-page-title-main">Evergrande Group</span> Chinese property development company

The China Evergrande Group is the second largest property developer in China by sales. It is ranked 122nd on the Fortune Global 500. It is incorporated in the Cayman Islands, a British Overseas Territory, and headquartered in the Houhai Financial Center in Nanshan District, Shenzhen, Guangdong Province, China. It was founded in 1996 by Xu Jiayin. It sells apartments mostly to upper- and middle-income dwellers. In 2018, it became the most valuable real estate company in the world.

True Religion Brand Jeans is an American clothing company established in April 2002 by Jeff Lubell and Kym Gold and is based in Vernon, California.

Figs is an American clothing company based in Santa Monica, California. The company sells scrubs and other products for healthcare professionals. It was founded in 2013 by Heather Hasson and Trina Spear, who are co-CEOs.

<span class="mw-page-title-main">Affirm Holdings</span> U.S. financial services company

Affirm is a publicly traded financial technology company headquartered in San Francisco, United States. Founded in 2012, the company operates as a financial lender of installment loans for consumers to use at the point of sale to finance a purchase.

References

  1. "Power 100 2020 Q&A: Scott Baxter". February 2020.
  2. "Kontoor Brands Reports Fourth Quarter and Full Year 2019 Results; Provides Outlook for Full Year 2020".
  3. "Company Information".
  4. Riley Moffat, Anne (2018-12-06). "VF names planned jeans spinoff Kontoor, not Wrangler or Lee". Bloomberg.com. Retrieved 2020-02-05.
  5. 1 2 Journal, Richard Craver Winston-Salem. "Kontoor begins independent life with focus on jeans innovation, attracting new customers". Winston-Salem Journal. Retrieved 2020-02-19.
  6. Business, Paul R. La Monica, CNN (25 March 2019). "Lee and Wrangler hope to be a hit like Levi's". CNN. Retrieved 2020-02-10.
  7. Wightman-Stone, Danielle (2019-05-28). "Kontoor Brands completes separation from VF Corp". fashionunited.uk. Retrieved 2020-02-05.
  8. Reagan, Courtney (2019-08-08). "CEO of Wrangler, Lee parent isn't afraid of a recession or tariffs on China-made goods". CNBC. Retrieved 2020-02-10.
  9. Singh, Prachi (2018-12-06). "VF's separated jeanswear business to be named Kontoor Brands". fashionunited.uk. Retrieved 2020-02-05.
  10. Editorial, Reuters. "KTB - Kontoor Brands Inc Profile | Reuters". www.reuters.comundefined. Retrieved 2020-02-05.[ dead link ]
  11. "Kontoor Brands, Inc". www.bloomberg.com. Retrieved 2020-02-05.
  12. Bellis, Mark. "Reason's why Kontoor Brands, Inc. (KTB) is an asset to your trade with current Target Price of $34.44 | Invest Chronicle" . Retrieved 2020-03-01.
  13. "Kontoor Brands, Inc. (KTB) Stock Price, Quote, History & News - Yahoo Finance". finance.yahoo.com. Retrieved 2020-02-05.