VF Corp.’s faster growing Vans, North Face, Timberland and Dickies businesses will remain behind as the profitable, but slow-growing Wrangler and Lee jeanswear cash cow is spun off into a separate, publicly traded company next month. Kontoor Brands, which will also include Rock & Republic and the VF Outlet business, will trade under the KTB ticker on the NYSE. After the spin, “RemainCo” will consist of the $4.8 billion Outdoor segment, $4.7 billion Active segment, and $1.8 billion Work segment, which VF expects will product a total long term return of 14-16% per year. That breaks down as 7-8% organic ... Log in to view full article.