North Face Owner VF Corp., which is already being pressured for changes by Engaged Capital, is also being targeted by activist investor Legion Partners Asset Management, according to Bloomberg, citing people with knowledge with the matter. Legion has amassed a stake in the company and is urging it to divest some brands such as Timberland, the people said, though the size of Legion’s position isn’t known.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on VFC: