Wrangler and Lee brands leave Argentina: they close their factory and all their premises
"We are until the clothes are finished or they throw us all," said, resigned, a few weeks ago, one of the vendors of a local Wrangler brands and reads in a Buenos Aires shopping.The known American jeas belong to VF Corporation - the giant who is also the owner of The North Face and many other global brands - were offered with a 40% discount.Hours later at half price and ended up liquidating $ 500 per unit.
A few days later it was confirmed that both VF brands leave the country and close all its premises (about 30, in total), something that already happened this week in the main shopping and other points of sale they had in the city of Buenos Aires andNorth Zone of GBA.
The holding company has been in the middle of a strong process of reorganization of its business at a global level - also analyzes leaving other countries in the region - and separated its units: Kontoor is now in charge of the denim and from where thedecision to leave some markets.
According to sources in the sector, the brand had sought to license its brands at the local level, but since it failed to interested, it would have decided to finish their sales in the country at the end of this month and liquidate all its stocks.
Together with the closure of the premises, the blind of the plant that produces the VF jeans in Benito Juárez, in Buenos Aires, where some 50 people work, where about 50 people work, where about 50 people work, where about 50 people work.
In principle, VF Corporation will keep in the country other companies that are not from the denim sector, such as Timberland and Vans.
Sector in problems
Companies in the clothing and footwear sector are among the most beaten by the economic crisis and the fall in consumption.Brands like Legacy, Wanama, Ayres, Ay Not Dead entered into competition.Grimoldi presented a preventive crisis procedure and others, less known - who manufacture third parties - closed a preventive procedure - closed.This is the case of Sport Tech, which was manufactured for Adidas, Puma and Nike, and the Aggot costume factory.
According to INDEC, the quantity produced of clothing fell 15% in May compared to the same month of the previous year, along with the production of yarn and fabrics, the main input of the clothing sector, which fell 13.8% in the period.
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