By  on May 23, 2019

The first of 2019’s slew of planned corporate retail breakups has happened — and it ended the day on a positive note despite a shaky start.

VF Corp. officially spun off its jeans and outlet business into a brand-new company called Kontoor Brands Inc. by listing it on the New York Stock Exchange on Thursday and its stock closed up 3.9 percent at $38.60 despite being down for the better part of the day.

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