Corporate/Finance
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China says PVH engaged in ‘improper’ behavior related to cotton sourcing
An ongoing investigation will determine if the Calvin Klein and Tommy Hilfiger parent company should be added to China’s Unreliable Entity list.
By Laurel Deppen • Jan. 21, 2025 -
VF Corp. announces further layoffs
The company said the move, which follows a previously announced 242-person workforce reduction, was connected to its turnaround strategy.
By Lara Ewen • Jan. 21, 2025 -
Trendline
Top 5 stories from Fashion Dive
Fashion faced its share of shakeups in the first half of 2024, but few industries are more adept at reinvention or more suited to change.
By Fashion Dive staff -
Lanvin Group CEO steps down amid leadership changes
Former top executive Eric Chan will transition into a board position, while Andy Lew, CEO of St. John Knits, will helm a second company headquarters in Europe.
By Laurel Deppen • Updated Jan. 17, 2025 -
Filson names VF Corp., Eddie Bauer alum as new president
Tim Bantle joins the Bedrock Manufacturing Company-owned brand as it looks to expand into new markets.
By Laurel Deppen • Jan. 16, 2025 -
Richemont posts record Q3 sales, led by jewelry division
The luxury firm saw a 10% uptick in the quarter, with fashion and accessories also showing double-digit growth.
By Lara Ewen • Jan. 16, 2025 -
ASAP Rocky, a Burberry scarf and the ‘road back to authenticity’
CEO Joshua Schulman’s turnaround plan focuses on the outerwear and scarf categories — and it might be working.
By Kaarin Moore • Jan. 16, 2025 -
Authentic Brands Group names president
The company has tapped Matt Maddox, former CEO of hotel and casino company Wynn Resorts, to lead the company’s global brand growth.
By Nate Delesline III • Jan. 15, 2025 -
Brunello Cucinelli reports strong earnings amid larger luxury decline
The company’s year-over-year sales were up double digits in the Americas and Asia in fiscal 2024, with revenue projected to climb 10% over the next two years.
By Lara Ewen • Jan. 14, 2025 -
Perfect Moment seeks global expansion through agency partnerships
The luxury ski brand is working to grow its international wholesale presence as it faces a potential delisting from the New York Stock Exchange.
By Howard Ruben • Jan. 13, 2025 -
J.C. Penney, Brooks Brothers operator join forces as ‘Catalyst Brands’
The new entity features other labels owned by Authentic Brands Group and run by Sparc Group. Investors include Shein and mall REITs Simon and Brookfield.
By Daphne Howland • Jan. 10, 2025 -
Former Boden, Net-a-Porter creative director moves into activewear
Sustainable fitness brand Tala has appointed Jon Wetherell to the top design role ahead of plans to expand the business internationally.
By Lara Ewen • Jan. 10, 2025 -
Y/Project shuts down
The Paris-based fashion label is shuttering after 14 years following last year’s exit of CEO Pascal Conte-Jodra and creative director Glenn Martens.
By Lara Ewen • Jan. 9, 2025 -
Private equity firm buys controlling stake in True Religion
The deal with Acon Investments comes as the denim brand looks to diversify its product offering and expand its reach.
By Laurel Deppen • Jan. 9, 2025 -
Deep Dive
5 fashion industry trends to watch in 2025
Sourcing and sustainability challenges will hit home as luxury and corporate shifts reshape the global fashion landscape.
By Laurel Deppen • Jan. 8, 2025 -
Consortium Brand Partners acquires Jonathan Adler
This is the private equity firm’s third acquisition in 18 months, following previously announced deals with Draper James and Outdoor Voices.
By Lara Ewen • Jan. 8, 2025 -
Dr. Martens creative director steps down after a decade
Darren McKoy said he was ready to embrace new opportunities and creative challenges, and the footwear company hasn’t named a replacement.
By Laurel Deppen • Updated Jan. 7, 2025 -
Mexico restricts duty-free apparel imports
The rule change will significantly impact foreign fashion brands and 3PLs using Mexico for de minimis shipments to the U.S.
By Edwin Lopez • Updated Jan. 6, 2025 -
Fashion Workers Act signed into law in New York
The legislation requires model management firms to register with the state and offers protections against AI and exploitation.
By Laurel Deppen • Jan. 3, 2025 -
Perfect Corp expands into luxury fashion with Wannaby acquisition
The company was acquired from Farfetch so Perfect Corp can broaden its virtual try-on capabilities into categories like shoes, bags and apparel.
By Kaarin Moore • Jan. 3, 2025 -
Marquee Brands acquires Laura Ashley
With the addition of the U.K.-based lifestyle company, Marquee’s brand portfolio will exceed $4 billion in retail sales.
By Lara Ewen • Jan. 3, 2025 -
Saks Global names new leadership as it completes $2.7B Neiman Marcus acquisition
Saks CEO Marc Metrick will lead the expanded company, while Chief Merchandising Officer Tracy Margolies will take over as Bergdorf Goodman’s president.
By Nate Delesline III • Jan. 2, 2025 -
Nordstroms succeed in taking company private for $6.25B
The board unanimously approved the deal, which also includes Mexican retail conglomerate El Puerto de Liverpool and gives the founding family a majority stake.
By Daphne Howland • Jan. 2, 2025 -
Hugo Boss launches independent recycling, reuse company
Eightyards will begin operations in January and manage the group’s waste but is eyeing expansion beyond fashion.
By Laurel Deppen • Dec. 19, 2024 -
Puig to acquire Charlotte Tilbury by 2031
The two companies’ strategic partnership will extend until Puig assumes ownership, and Charlotte Tilbury Limited will retain minority brand ownership until then.
By Lara Ewen • Dec. 18, 2024 -
9 luxury brands that made creative director changes in 2024
Some of the departing designers exited their roles for new high-profile jobs while others have not announced future plans, leaving 2025 open to even more shifts.
By Lara Ewen • Dec. 18, 2024