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This question is about Vans.
Who owns Vans?
The VF Corporation owns Vans. Vans is an American manufacturer of skateboarding shoes and related apparel. The company also sponsors surf, snowboarding, BMX, and motocross teams. From 1996 to 2019, Vans had been the primary sponsor of the annual Vans Warped Tour traveling rock festival.
Vans was founded in 1966 by Paul Van Doren. After working for Randy's, a shoe manufacturer, Doren decided to start his own shoe brand. The first location was opened in March 1966 under the name The Van Doren Rubber Company. The company manufactured shoes and sold them directly to the public.
On the first day, 12 customers purchased Vans decks shoes, which are now known as "Authentic." In the 1970s, after his son showed interest in skateboarding, Van Doren decided to manufacture skateboarding shoes. By 1984, the company had gained some popularity but was still struggling due to heavy competition.
By 1988, Van Doren sold the Vans company to banking firm McCown De Leeuw Co for $74.4 million. In 1991, the company went public on NASDAQ at $14 per share. In the 1990s, Vans released a number of new models and snowboard shoes and, in 2004, announced their merger with VF Corporation.
Vans is headquartered in Costa Mesa, California. In 2021, the reported annual revenue for Vans was $1 billion, and they had approximately 6,600 employees in North America and 8,000 worldwide. Vans expect its revenue to grow between 9% and 10% from the prior year.
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