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Women-run businesses to get boost from Wal-Mart initiative
BENTONVILLE, Ark. — Wal-Mart Stores on Wednesday launched initiatives intended, it says, to help women around the globe in the next five years.
The retailer has spent the last year developing a plan -- with help from both governmental and non-governmental organizations and philanthropic groups -- which will direct $20 billion over a five- year period on goods and services from U.S. businesses owned by women, as well as double the amount it pays women-run suppliers overseas.
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VF completes acquisition of Timberland; Jeffrey Swartz out in management changes
Greensboro, N.C. -- Apparel giant VP Corp. announced that it has completed its previously-announced acquisition of The Timberland Company in a deal valued at $2.3 billion.
Timberland will become part of VF's Outdoor & Action Sports Coalition, which includes The North Face. The formerly family-held company will remain headquartered in Stratham, N.H.