Activist investor Engaged Capital has the backing of the founding family of VF Corp in its push for board seats and faster change at the struggling owner of the North Face, Vans and Timberland brands, Reuters’ Svea Herbst-Bayliss reports, citing one of the heirs. Engaged Capital, which has a 1.3% stake in VF, has won the support of descendants of John Barbey, who founded VF in 1899, Kelly Barbey, said. The Barbey family members now collectively own about 15% of VF.
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