The jeanswear spinoff company of VF Corp., temporarily named "NewCo," will move certain functions into 43,000 square feet at Revolution Mill in Greensboro.
VF made the announcement Thursday.
NewCo will be a publicly traded company consisting of the Lee, Wrangler and Outlet brands. VF announced the spinoff in August, when it also announced it would be moving its global headquarters from Greensboro to Denver.
The jeanswear company will have its headquarters at 400 N. Elm St., the current home of the Wrangler brand, VF said.
The company signed a five-year lease at Revolution Mill – a former textile mill north of downtown Greensboro owned and redeveloped into a mixed-use complex by nonprofit community development organization Self-Help.
The anticipated move-in timeframe is March 2019.
NewCo will put merchandising, design and product development and innovation functions in the space that will house 125 NewCo employees.
Triad Business Journal previously reported that there have been rumors that VF was considering locating functions in the mill complex.
VF said minimal upfits are needed.
"As we begin our NewCo journey, Revolution Mill is the ideal space to create an inspiring, creative working environment for our employees," said Scott Baxter, the appointed CEO of NewCo. "We're excited about what this space will offer our employees and brands, and we look forward to joining the vibrant community that exists on the Revolution Mill campus."