Record profits for VF Corp

Brands such as Seven For All Mankind have grown

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VF Corporation, the branded fashion house behind Seven For All Mankind, Vans and Wrangler, has posted record results for the first quarter helped by booming international sales.

First quarter revenues rose 10% to US$1.85 million (£927m) while international business grew by 20% against last year.

However, the firm's domestic denim business, which includes the Wrangler, Riders and Lee brands, was hit by a 13% dip in revenues. VF Corporation also said it would axe its Nautica womenswear range.

The contemporary brands division, consisting of Seven For All Mankind and Lucy, showed year-on-year growth, contributing US$96m (£48m) to first quarter revenues and US$15m (£7.5m) to operating income.

Revenues at VF Corporation's outdoor arm, which includes The North Face, Vans and Kipling, leapt 18% for the quarter.