Activist Engaged Capital sees a path to lift VF Corp’s share price and slash costs
Publishing timestamp: 2023-11-04 06:31:15
Summary
The article discusses activist investor Engaged Capital's involvement with VF Corp and their calls for a turnaround plan. It criticizes the actions of the previous CEO, Steve Rendle, and highlights the potential for improvement under the new CEO, Bracken Darrell. Engaged Capital suggests reducing costs, restoring brand autonomy, divesting non-core brands, and using cash flow to pay down debt and support growth. They believe that the stock price could reach $46 per share within three years.
Sentiment: MIXED
Tickers: VFC,
Keywords: investment strategy, business news, hedge funds, vf corp,