VF Corp Worst S&P 500 Performer As It Announces Brands Review

VF Corp., owner of brands like Vans and the North Face, sank as much as 11% in postmarket trading to become the worst performer in the S&P 500 even as the company announced it was reviewing brands for possible divestment as part of its turnaround plan.

The company is undertaking a “strategic review” of its brands, said Chief Executive Officer Bracken Darrell, to ensure that assets retained within its portfolio are those that can create “the greatest long-term value.”