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Kontoor announces plans to sell off Lee jeanswear business; first-quarter profit up 116%

Summary by News & Record
"Our decision to divest Lee enables sharper focus on the opportunities with greatest potential to maximize shareholder returns as we align the Kontoor brand portfolio to a higher growth profile," said Scott Baxter, Kontoor's chairman, president and chief executive.

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Kontoor announces plans to sell off Lee jeanswear business; first-quarter profit up 116%

"Our decision to divest Lee enables sharper focus on the opportunities with greatest potential to maximize shareholder returns as we align the Kontoor brand portfolio to a higher growth profile," said Scott Baxter, Kontoor's chairman, president and chief executive.

·Cherokee County, United States
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News & Record broke the news in Cherokee County, United States on Thursday, May 7, 2026.
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