The firm worked with Gensler to develop three concepts for the “gym of the future.”
The company’s goal is to open a dozen stores by 2025 in the six largest cities in China.
VF’s charitable foundation is also donating $1 million to support the school, and it will open an office on the school’s research campus.
The chairman said financial maneuvers, if successful, should reassure vendors of the company’s viability.
The company is also hoping to raise another $200M to enhance its liquidity.
The American casual brand is looking to open 40 to 50 stores over five years, and grow sales to between $1.8 billion to $2 billion in the same period.