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VF SELLS REAL ESTATE

 VF SELLS REAL ESTATE
 WYOMISSING, Pa., March 13 /PRNewswire/ -- VF Corporation (NYSE: VFC)


and Outlet Properties Corporation today announced the signing of a definitive agreement whereby VF will sell certain real assets associated with its factory outlet operation.
 Twenty one factory outlet developments are to be sold at a price approximating $70 million; VF will continue to operate its stores in these developments. This sale does not affect the outlets in Reading, Pa., and North Dartmouth, Mass.
 "This move will allow us to concentrate on merchandise selection and store operations rather than real estate development," stated Lawrence R. Pugh, chairman of the board of VF Corporation.
 Outlet Properties Corporation was recently formed by North-South Management Corporation, a North Carolina based developer of Carolina Pottery outlet shopping centers in the Southeast.
 Closing of the sale is subject to the completion of certain actions by the buyer.
 VF Corporation is an international apparel company headquartered in Wyomissing, Pa. and is a leader in the jeanswear, casual/sportswear, intimate apparel and occupational apparel markets. Its principal brands are Lee, Wrangler, Rustler, Marithe and Francois Girbaud, Bassett- Walker, Jantzen, JanSport, Vanity Fair, Vassarette, Barbizon, Lollipop by Modern Globe, Red Kap, WorkWear and Healthtex. In 1990, VF ranked 171st in Fortune's "500 Largest U.S. Industrial Corporations."
 -0- 3/13/92
 /CONTACT: L.R. Pugh of VF, 215-378-1151/
 (VFC) CO: VF Corporation ST: Pennsylvania IN: REA SU: TNM


KD-OS -- NY051 -- 7901 03/13/92 15:33 EST
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Publication:PR Newswire
Date:Mar 13, 1992
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