⌛ Did you miss ProPicks’ 13% gains in May? Subscribe now & catch June’s top AI-picked stocks early.Unlock Stocks

Owner of Timberland, Vans, shoes says will no longer buy Brazilian leather

Published 08/29/2019, 08:32 AM
Updated 08/29/2019, 08:46 AM
Owner of Timberland, Vans, shoes says will no longer buy Brazilian leather
AMZN
-
VFC
-

SAO PAULO (Reuters) - The parent company of Timberland, Vans and Kipling shoes said on Thursday that it will no longer buy Brazilian leather, saying it had failed to meet its "responsible sourcing requirements."

Thousands of forest fires in the Amazon (NASDAQ:AMZN) have been raging for weeks, which has led to heightened scrutiny of Brazil's beef industry. VF Corporation (NYSE:VFC), as the holding company is known, said it would resume buying Brazil leather when "we have the confidence and assurance that the materials used in our products do not contribute to environmental harm in the country."

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.