VF Corp. owns Vans, The North Face, and Supreme, amongst different manufacturers. Courtesy Shutterstock
Wu’s departure comes after a leaked e-mail printed by Axios confirmed her downplaying racism within the US and calling Black Lives Matter “the true racists.” In a press release, VF Corp., proprietor of manufacturers together with Vans, The North Face, and Supreme, stated Wu had determined to step down from the board instantly and that the choice “was not the results of any disagreement with VF on any matter referring to VF’s operations, insurance policies or practices.”
Wu, a Silicon Valley-based enterprise capitalist, joined VF’s board in March 2019. On the time, VF’s chief government, Steve Rendle stated her expertise in expertise and information of the Chinese language shopper panorama could be a “important addition” to the corporate. Together with her departure, VF stated it would scale back the scale of its board from 12 members to 11 till it may discover a new director.
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In a deal that values the New York streetwear model at $2.1 billion, Supreme picks up a long-term companion with back-end prowess and ambitions to scale it previous $1 billion in annual gross sales.
https://www.businessoffashion.com/news/retail/veronica-wu-steps-down-from-vf-corp-board | Veronica Wu Steps Down From VF Corp. Board