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VF Corp. VFC, +0.32% mentioned Monday it plans to spin off its jeans enterprise, which includes the Wrangler and Lee brands, as part of its plan to separate into two unbiased publicly traded corporations. The stock was still inactive in premarket commerce. The announcement confirms a report in The Wall Street Journal on Friday that the company was exploring strategic choices for its denim business. The 2 companies will embrace VF Corp., which apparel and footwear brands embody Vans, The North Face and Timberland, and a company not but van de graaff named that will include VF's denims and outlet businesses. "Our Jeans platform is a successful, sustainable business with iconic global brands and a transparent path to worth creation as a standalone entity," said Chief Govt Steve Rendle. Separately, VF said it would transfer its headquarters to the metro Denver area, from North Carolina. The inventory has rallied 30% year up to now, whereas the S&P 500 SPX, +zero.sixty nine% has tacked on 6%.

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