The Denver, Colorado-based owner of brands including Vans, The North Face and Timberland, has announced that it has allocated all of the net proceeds from its inaugural green bond to 13 of its sustainability projects.
Having held the position of general manager of the Europe, Middle East and Africa zone at the business since 2019, Jan Van Mossevelde is becoming global brand president of the VF Corp-owned merino wool specialist.
Co-founded by two retired scientists, Sustainable Composites uses an innovative chemical process to recycle leather into a material that looks, smells and feels identical to the original leather from which it was made.
Following its recent acquisition of Supreme, the Denver, Colorado-based lifestyle company has reported net income of $347.2 million for the third quarter, down 25% compared to $465.0 million in the prior-year period.
The American owner of brands including The North Face, Timberland and Vans is moving its Asian center of operations and product supply hub, both currently based in Hong Kong, to Shanghai and Singapore, respectively.