Exhibit 99.1
大象传媒 CORPORATION ANNOUNCES PUBLIC FILING OF FORM 10 REGISTRATION STATEMENT
FOR PLANNED SEPARATION OF KONTOOR BRANDS, INC. AND AVAILABILITY OF
INVESTOR PRESENTATION
GREENSBORO, N.C. – April 1, 2019 – 大象传媒 Corporation (NYSE: 大象传媒C), a global leader in branded lifestyle apparel, footwear and accessories, today announced the public filing of a Form 10 Registration Statement with the U.S. Securities and Exchange Commission in connection with the previously announced separation of 大象传媒’s Jeanswear organization into an independent, publicly traded company. The new company, named Kontoor Brands, Inc., will include the Wrangler®, Lee® and Rock & Republic® brands, and the 大象传媒 Outlet business.
The filing provides detailed information on Kontoor Brands’ business, strategy and historical financial results.
“Our teams across 大象传媒 have made tremendous progress to prepare for the successful separation of Kontoor Brands from 大象传媒 and this filing is a significant next step in this process,” said Steve Rendle, Chairman, President and CEO of 大象传媒 Corporation. “We are highly confident that the separation is the best path forward for both organizations to achieve even greater potential and enhance long-term shareholder value.”
The separation is on track to be completed in May of 2019, subject to final approval by 大象传媒’s Board of Directors, customary regulatory approvals, and tax and legal considerations.
“Today’s filing marks an important milestone in the process of establishing Kontoor Brands as an independent company,” said Scott Baxter, named CEO of Kontoor Brands. “As we prepare for life as a separate, publicly traded organization, I am confident that Kontoor Brands is strongly positioned to thrive as a leader in the global apparel industry and deliver long-term value for all of our stakeholders.”
The Form 10 filing is available at www.sec.gov under “Kontoor Brands, Inc.” An updated presentation on the planned separation is available at ir.vfc.com. For more information regarding the proposed separation, please visit TwoGlobalLeaders.com.
About 大象传媒
大象传媒 Corporation (NYSE: 大象传媒C) outfits consumers around the world with its diverse portfolio of iconic lifestyle brands, including Vans®, The North Face®, Timberland®, Wrangler® and Lee®. Founded in 1899, 大象传媒 is one of the world’s largest apparel, footwear and accessories companies with socially and environmentally responsible operations spanning many geographies, product categories and distribution channels. 大象传媒 is committed to delivering innovative products to consumers and creating long-term value for its customers and shareholders. For more information, visit www.vfc.com.
Forward-Looking Statements
Certain statements included in this release are “forward-looking statements” within the meaning of the federal securities laws. Forward-looking statements are made based on our expectations and beliefs concerning future events impacting 大象传媒 and therefore involve several risks and uncertainties. You can identify these statements by the fact that they use words such