VF Corp CEO Steve Rendle said the filing is a significant next step in the successful separation of Kontoor Brands from VF

VF Corp CEO Steve Rendle said the filing is a significant next step in the successful separation of Kontoor Brands from VF

US apparel giant VF Corp is preparing for the official spin-off of its jeanswear business as an independent, publicly traded company called Kontoor Brands Inc, having today (1 April) announced the public filing of a Form 10 Registration Statement with the US Securities and Exchange Commission.

The new company will include the Wrangler, Lee and Rock & Republic brands, and the VF Outlet business.

Plans were first announced in August of last year to separate the group's denim and outlet businesses in a move to allow VF to sharpen its focus as a global clothing and footwear powerhouse focused on brands such as The North Face, Timberland and Vans.

Scott Baxter, CEO of Kontoor Brands, said in December the name "was inspired by the idea of a perfect fit, which speaks to the rich legacy and storied history of our brands. This name establishes a strong foundation for our future growth as a global leader in the denim and apparel categories."

VF now says the separation is on track to be completed in May.

"Our teams across VF have made tremendous progress to prepare for the successful separation of Kontoor Brands from VF and this filing is a significant next step in this process," says VF Corp CEO Steve Rendle. "We are highly confident that the separation is the best path forward for both organisations to achieve even greater potential and enhance long-term shareholder value."

It is understood VF has applied to list Kontoor Brands under the ticker 'KTB' on the New York Stock Exchange.