Denim is out. Athleisure is in. For VF Corporation, the apparel company that owns Wrangler and Lee jeans, that made for a simple decision. VF announced on Monday that it planned to spin out its denim brands into a separate publicly traded business, so it can better focus on its faster-growing activewear and lifestyle clothing…
But the Chernin Group had a theory. “With every new wave of technology, great new brands emerge, and we wanted to own those brands,” Mr. Jacobs said. “They certainly weren’t going to be incubated inside the large media companies,” where they would have to compete for resources. The men focused on niches with hyper-passionate fan…
WASHINGTON — The Justice Department on Monday laid out its case against a federal court’s approval of the AT&T and Time Warner merger, criticizing a judge for “erroneously ignoring fundamental principles of economics and common sense.” The argument, made to the United States Court of Appeals for the District of Columbia, is the start of…