Ho ho ho!
It’s that most wonderful time of the year, the joyous season when children make lists of what they wish to see under the tree, old friends reunite over a warm mug of nog and Vans parent company VF Corp holds its annual mass layoffs. This year Christmas came early for 500 employees who were executed before the calendar even flipped to December.
Likely dressed as jolly old Saint Nick, CEO Bracken Darrell “looks to speed up the turnaround of the company’s Vans division and overall North America business, while cutting costs,” according to Shop Eat Surf.
The official statement read, “As part of VF’s new Reinvent strategy, and with the aim of improving operational efficiency, we have eliminated approximately 500 salaried positions across the company globally. While these decisions are never easy, they will give us the financial flexibility to invest behind our brands and better position us for long-term growth. We’re committed to handling this restructuring with dignity and respect for all involved and want to thank those impacted for their valued contributions to VF.”
Like the sound of sleigh bells jing-jing-jingling.
But, quickly, what sort of name is “Bracken?”
Anyhow, back to Shop Eat Surf, “VF in the quarter ended Sept. 30 reported revenue of $3.03 billion, down 4% in constant currency. The company’s net loss totaled $450.7 million, compared to $118.4 million net loss in the year-ago period, with the widening partially attributed to the ruling on a tax case stemming from the acquisition of Timberland.”
Woulda been a lot cooler if they acquired Timbaland instead.
Oh well.
Happy Holidays!
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we fiddle ’em with butter and oil then toss ’em o’r our shoulder…keep the codfish~
Keep Dane and Joel (for laughs)
Core is Poor, apparently
https://www.youtube.com/wat…
On a slight tangent, what the fuck is it with people dropping the suffix ‘-tion’?
“There has been a disconnect between the blah blah blah…”
“As part of VF’s new Reinvent strategy,”
-TION! Muthafucka!!! -TION!!!!!!
Not enough time in the day for complete words.
mofos be shunning the -tion
It’s “addicting” for many
Nothing says Harvard Business School quite like “Bracken”.
I paid southwest $8 to read this shit on an airplane. Surfads made it worth it. Happy holidays!
SXSW: please fwd $8 to surfads@…I just did!
ps…RL, did you safely land da plane?
Like butter
Bracken?! That’s the ferniest name I’ve ever heard!
Xox
and I’m sure VF Corp’s CEO and all the other top level executives similarly tightened their belts and took pay cuts
https://uploads.disquscdn.c…
I wish VF Corp would buy the WSL.
The only downside would be all the wildcards Tosh Tudor would get for being a nepo baby.
https://media4.giphy.com/me…
Anyone remember when the Vans employee that ordered shoes from the overseas factories got arrested for taking like 5 mil in kickbacks? Would have been mid 2000’s.
Also the VF Corp CEO is a one of those businessmen who posts screeds on linkedin. That’s all I need to know about the guy.
What would Nimrod say?
Dam only $3.03 Billion? fuckin losers.
Before they just worked for Vans. Now they get to live in one!
From Off The Wall to Off The Payroll
Since 66 to youre 86ed
The head honchos have a chequered past!
Xox
cunts
lines in the sky are not blow…and castles made of sand, etc.