VF Corporation, which owns brands such as Vans, Timerland and North Face has emphasized that it is operating in accordance with local government guidelines and working to ensure that the overall health and safety remains paramount.

‘While the coronavirus will impact our financial results in the Asia Pacific region in the near term, VF’s growth opportunity in China and across the Asia Pacific region is significant and the fundamentals of our business are strong,” he stated in a release. “VF is well positioned to navigate the impact of the coronavirus situation given the diversity of our business and operating model in other key geographies.