The VF Foundation, a private grantmaking organization funded by VF
Corporation, has pledged 1.5 million dollars to support local
communities respond to the Covid-19 pandemic.
VF Corporation’s portfolio of brands, which includes Eastpak, Timberland
and The North Face, are also initiating a two-for-one community match
campaign, up to an additional 500,000 dollars.
“Helping others during times of need is a responsibility we all share,
and this is especially true right now as our global community comes
together to battle the Covid-19 pandemic,” said VF Corporation CEO Steve
Rendle in a statement. “With the contribution from The VF Foundation and
the community matching campaign with our employees and consumers alike, we
hope to do our part in addressing this global public health crisis.”
Earlier this week, to
mitigate the impact of Covid-19, including drawing down the remaining 1
billion dollars available under its current senior unsecured revolving
credit facility and cutting executive pay.
Photo credit: Timberland, Facebook