The new organisation was still being finalised but about 40 to 50 jobs were likely to be lost by September 30, van Mossevelde said.
“Following a strategic review in line with the aspirational goal to double the icebreaker business by 2025, VF has taken the decision to restructure its icebreaker business to enable future brand growth,” he said.
Icebreaker has 16 shops in New Zealand, six in Australia and 15 in North America.
The changes to the business will not affect consumers or the shops, van Mossevelde said.
SUPPLIED
A restructure of Icebreaker that will split the marine wool clothing company in three.
Icebreaker was launched by Jeremy Moon in 1995 when he was 24 years old. It was sold to VF Corporation in 2017 for $288 million.