The company said its strategic actions include: "Concluding a number of asset sales during H2’FY23, including the sale and leaseback of VF’s European headquarters in Stabio, Switzerland; Reducing working capital and aligning inventories to optimal levels, without compromising brand equity; Increasing our efforts to reduce costs in order to point resources toward the Company’s highest value creation opportunities, including completing the previously announced actions which will deliver approximately $225 million in annualized savings once complete in FY24."
Published first on TheFly
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