Activist wins support of The North Face owner's founding family

Activist wins support of The North Face owner's founding family

Activist wins support of The North Face owner’s founding family An activist investor seeking a turnaround at the owner of The North Face has won the support of the group’s founding family. Shares in VF Corporation jumped by 14.4 per cent, or $2.20, to $17.50 in afternoon trading in New York as Wall Street welcomed news that Engaged Capital, with a 1.3 per cent stake, had the family’s backing in pushing for board seats and a speedier overhaul of the …