The North Face brand saw its 10th consecutive quarter of double-digit growth up by 12%. Whereas Vans was down 22% which VF said was impacted by wholesale demand in North America. Wholesale across the group was down 12% globally and in the Americas by 18%.

The performance of VF Corp’s main leather using brand Timberland was down 6% year-on-year when the results were announced on August 2. Regionally, Greater China revenue was up by 24% as the country ended its Covid lockdown restrictions but EMEA revenue fell by 2%.

Bracken Darrell, President and CEO, said: “I am honoured to lead this great company into the next chapter of its history. I am passionate about building brands through a design-and-innovation lens and creating unique and differentiated products, immersive storytelling and elevated experiences for consumers. VF has a portfolio of globally recognised, iconic brands, a deeply embedded purpose and impressive talent, all of which gives me every confidence we have all the necessary ingredients to unlock the company’s significant potential and return to delivering strong, sustainable and profitable growth which will translate to elevated shareholder returns.”