Activist investor Engaged Capital said that VF Corp. suffers from bloated corporate overhead that is tanking shareholder value, in a presentation detailing its turnaround plan for the Vans and The North Face parent. That overhead is draining the margins from VF’s still-buoyant brands, namely Vans and The North Face. The Orange County, CA-based private equity firm has attracted media attention this year for a proxy battle with fast food chain Shake Shack, along with prior moves at Rent-a-Center and others. Engaged Capital’s holdings in VFC were not disclosed, but the Wall ... Log in to view full article.