Source Pravda.Ru

VF Corp. increasing its outlook, expects revenue growth

VF Corp. said Wednesday that it is raising its long-term revenue growth target to 8-10% from 6-8% annually.

The company announced that it is also increasing operating margin and earnings per share growth targets.

VF established a goal of $11 billion in revenues by 2012.
Its operating margin outlook was up to 15% from 14% to 15% range. A new target for earnings per share growth is 10-11%.

VF Corporation is an American apparel corporation. VF Corporation is the world's largest clothing company and a leader in jeanswear, intimate apparel, daypacks, and workwear. The corporate headquarters are in Greensboro , North Carolina .

The company announced the purchase of VF Corporation's intimate apparel business by Fruit of the Loom for $350 million in cash on January 23, 2007 .

On February 28, 2007 VF Corporation acquired Majestic Athletic. And on July 26, 2007 , VF Corporation announced the purchase of Seven for all Mankind and Lucy Activewear for a combined $885 million.

Source: agencies

Russia's Ministry for Foreign Affairs is seriously concerned about the state of health of former Russian intelligence officer Sergei Skripal and his daughter Yulia. Sergei Skrypal's niece, Victoria Skripal, said that her uncle had already died.

UK wants Sergei Skripal dead

The Basmanny Court of Moscow arrested Michael Calvey, the founder of Baring Vostok investment fund, on allegations of embezzling 2.5 billion rubles from Vostochny Bank. Calvey will be held in custody until April 13

Putin informed about arrest of US investor Michael Calvey