Engaged Capital Issues Presentation Highlighting Significant Opportunities For Value Creation At V.F. Corporation; Believes There Is Path To >$300M In Cost Reductions Through Elimination Of Duplicative Costs And Corporate Excess For VF Corp
Portfolio Pulse from Benzinga Newsdesk
Engaged Capital, a top shareholder of V.F. Corporation (NYSE:VFC), has issued a presentation highlighting significant opportunities for value creation at the company. The investment firm believes there is a path to more than $300M in cost reductions through the elimination of duplicative costs and corporate excess.
October 17, 2023 | 3:03 pm
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POSITIVE IMPACT
Engaged Capital's presentation could potentially influence other shareholders and the management of V.F. Corporation to take actions towards cost reduction, which could improve the company's profitability and positively impact its stock price.
Engaged Capital, as a top shareholder, has significant influence over V.F. Corporation. Their proposal for cost reduction, if implemented, could lead to improved profitability for the company. This could make the company's stock more attractive to investors, potentially driving up its price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100