The Jeans Are Splitting
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 13 August 2018
⏱️ 22 minutes
🧾️ Download transcript
Summary
VF Corp announces a spin-off of Lee and Wrangler Jeans. Jason Moser and Taylor Muckerman analyze the silver lining for the new company and why the CEO is staying with the remaining business. Elon Musk clarifies his statement on “Funding secured”, and Netflix is in the hunt for a new CFO. Plus, we dip into the Fool Mailbag to discuss investing in China. Thanks to Slack for supporting The Motley Fool. Slack: Where work happens. Go to Slack.com to learn more.
Transcript
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| 0:00.0 | This episode of Market Foolery is brought to you by Slack. |
| 0:02.3 | Slack is a collaboration hub for work that make sure the right people in your team are always in the |
| 0:07.2 | loop and key information is always at their fingertips. |
| 0:10.4 | Learn more at Slack.com. |
| 0:12.4 | It's Monday, August 13th. |
| 0:16.0 | Welcome to Market Flory. |
| 0:18.0 | Thanks for hanging on with us. |
| 0:19.0 | I'm Chris Hill with me in studio, Taylor Mukerman and Jason Moser the usual Monday crew. |
| 0:24.7 | Here we are. |
| 0:25.7 | We've got my favorite soap opera on Wall Street which is of course Tesla. |
| 0:32.0 | It's everybody's favorite soap opera. |
| 0:34.0 | It is. We'll see how much longer this drama runs. We're going to dip into the full mailbag. |
| 0:40.0 | We've got some executive news. We've got a story. It's not Merger Monday. It's |
| 0:45.0 | spin-off Monday. |
| 0:47.0 | VF Corp, which is the company that owns Lee and Wrangler, |
| 0:52.0 | announced that it is spinning off the jeans brands into a separate company. |
| 0:57.2 | So there's going to be an unnamed or yet to be named company that will have Lee and Wrangler Jeans as well as the VF Corp |
| 1:04.8 | outlet division and then VF Corp will be the remaining businesses which |
| 1:11.0 | includes North Face, Timberland, Vans, Victoria Secret maybe? |
| 1:17.0 | No, that's limited. |
| 1:20.0 | That's LB. |
| 1:21.0 | That would be quite the combo there, North Base and Victoria's Secret. |
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