It will establish an additional shared services center for the Asia Pacific region in Kuala Lumpur, Malaysia. Nonetheless, management stated that Hong Kong will continue to serve as a key retail market for the company and its brands. Notably, V.F. Corp will initiate a phased transition to undertake the above-mentioned relocations. Following a strong fourth quarter of fiscal 2021, management outlined a detailed outlook for fiscal 2022. It expects revenues of $11.8 billion for fiscal 2022, suggesting year-over-year growth of 28%.