Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Vans Owner VF Corp. Appoints Bracken Darrell as CEO

The Vans sneaker maker said it has started looking for a permanent chief executive and named Richard Carucci as interim chairman of the board.
VF Corp. has hired Bracken Darrell as chief executive. (Shutterstock)

Denver-based fashion group VF Corp. has hired Bracken Darrell as chief executive, ending a seven-month search for a successor to former chief executive Steve Rendle, who unexpectedly retired in December last year.

Darrell, whose role begins July 17, will join VF Corp. from electronics manufacturer Logitech, where he has served as president and chief executive since 2013.

Benno Dorer, who was appointed interim chief executive following Rendle’s departure, will remain at VF Corp. as a member of the executive board.

VF Corp will look to Darell to engineer a turnaround for many of the group’s key brands. In the quarter ending May 2023, Vans and Timberland saw a sales decline amid a “challenging consumer environment,” according to the company’s earnings report.

ADVERTISEMENT

Meanwhile, VF Corp.-owned streetwear juggernaut Supreme saw sales fall last year to $523.1 million for the year ended March 2023, down from $561.5 million in the same period the year before.

Learn more:

VF Corp Beats Quarterly Profit Estimates on North Face Demand

VF Corp beat Wall Street expectations for fourth-quarter profit on Tuesday, powered by higher prices and resilient demand for the apparel maker’s North Face brand, especially in Europe and Asia.

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Retail
Analysis and advice from the front lines of the retail transformation.

Brands Owed Millions After Matchesfashion Collapse

Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.


Op-Ed | How Long Can Adidas Surf the ‘Terrace’ Trend?

As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.


How Rent the Runway Came Back From the Brink

The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Awards - Deadline 30 April 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Awards - Deadline 30 April 2024