VF Corp, which owns shoe brands Vans and Timberland and clothing brands Supreme and The North Face reported revenue of £1.5 billion on Friday, an increase of 104 per cent from the £789 million it had earned in the same period last year.

The company's active segment saw revenue go up by 128 per cent in the first quarter of 2021, thanks mostly to a 110 per cent increase in Vans and a 26 per cent revenue growth from buying out cult skateboarding brand Supreme in December.

VF Corporation is now expecting revenue to total £8.6 billion by the end of the year. It had previously predicted full-year revenue of £8.4 billion.

VF Corp chairman Steve Rendle said: "Our teams delivered an outstanding first quarter, powering VF back to pre-pandemic revenue levels while driving an earnings recovery ahead of our expectations,"

"We continue to see broad-based momentum across the portfolio, supporting an increase to our fiscal 2022 outlook for each of our largest brands.

"Though the first quarter is a relatively small portion of our total year, this strong start reinforces my confidence in our ability to accelerate growth through fiscal 2022 and beyond."