VF Targets $1.1B in Revenue Growth in Asia Pacific Business over Next 5 Years

VF Corporation

today announced details on its goal to add $1.1 billion in revenues to its Asia Pacific business over the next five years. At an investor meeting held in Shanghai, China, the company discussed its strategic plans to reach $2.0 billion in revenues by 2017, primarily through growth from its five largest brands in the region – Timberland®, Lee®, The North Face®, Vans® and Kipling®. This represents an annual growth rate of 17 percent from 2012 forecasted revenues of approximately $900 million. The company also confirmed its previous 2012 expectation given on July 27 for revenues in Asia to increase about 20 percent, and for revenues in Europe to grow at a low