BRIEF-Seair announces default on senior debt
* Seair Inc - defaulted on terms of its senior debt senior debt and is currently in negotiations with its creditors to develop a restructuring plan
Global apparel group VF Corp (VFC.N) posted a bigger quarterly profit as its outdoor and action sports segment continued to do well, and margins rose, it said on Monday.
For the third quarter ended September, the company earned $381.3 million, or $3.42 a share, compared with $300.7 million, or $2.69 a share in the same quarter last year.
Net sales at the company, which owns the The North Face, 7 For All Mankind, Wrangler and Lee brands, were $3.12 billion, up 14 percent.
Shares of the company closed at $166.77 Friday on the New York Stock Exchange.
(Reporting by Nivedita Bhattacharjee in Chicago; Editing by Jeffrey Benkoe)
* Sets regular quarterly dividend of $0.2425 per share Source text for Eikon: Further company coverage:
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