Kontoor Brands Explained

Kontoor Brands
Type:Public
Traded As:
S&P 600 component
Industry:clothing
Hq Location:Greensboro, North Carolina
Key People:Scott Baxter (CEO) [1]
Num Employees:15,000[2]
Revenue: $2.5 billion(2019)[3]

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]

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]

Notes and References

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

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