There was a celebration party in downtown Greensboro as Kontoor Brands, Inc. officially completed its separation from VF Corporation.
The new company will contain the Wrangler and Lee Brands, and is now a publicly traded company headquartered in Greensboro.
Hundreds of people came out to the party.
"A big thank you to the City of Greensboro. We couldn't have done this without Greensboro and all of our local leaders who have been very helpful throughout the entire process, and also very welcoming," said Scott Baxter, President and CEO of Kontoor Brands.
Last summer, VF Corporation announced it was leaving Greensboro after 20 years, and moving its global headquarters to Denver.