Record revenues for VF
16/02/2012
Revenues increased by 23% to almost $9.5 billion from $7.7 billion in 2010. Timberland, which the group acquired in September, added $713 million to revenues in 2011. Organic revenue growth was 14%. Revenues for its outdoor and action sports segment (including The North Face) rose 42% during the year. Net income rose 28% to $913 million.
Chief executive, Eric Wiseman, called the company’s portfolio of brands “diversified, global and growing” and said VF would build on this in 2012.
Share this story:
