VF Corp., the clothing and footwear company, filed Monday to separate its jeans operation into an independent, publicly traded company.

The new company, named Kontoor Brands Inc., will include the Wrangler, Lee and Rock & Republic brands, and the VF Outlet business.

VF will retain the lifestyle brands, includingVans, The North Face, and Timberland. Founded in 1899, VF is one of the world’s largest apparel, footwear and accessories companies spanning many product categories and distribution channels.

The announcement came in a filing of a Form 10 registration statement that provides detailed information on Kontoor Brands’ business, strategy and historical financial results.

“Our teams across VF have made tremendous progress to prepare for the successful separation of Kontoor Brands from VF and this filing is a significant next step in this process,” VF CEO Steve Rendle in a statement. “We are highly confident that the separation is the best path forward for both organizations to achieve even greater potential and enhance long-term shareholder value.”

The separation is on track to be completed in May, subject to final approval by VF’s board of directors, customary regulatory approvals and tax and legal considerations.

Scott Baxter, a member of the VF senior leadership team, was named chief executive officer of Kontoor Brands.

“Today’s filing marks an important milestone in the process of establishing Kontoor Brands as an independent company,” Baxter said in a statement. “As we prepare for life as a separate, publicly traded organization, I am confident that Kontoor Brands is strongly positioned to thrive as a leader in the global apparel industry and deliver long-term value for all of our stakeholders.”

The filing can be found here. VF closed Monday at $87.33, up 42 cents.