Corporate/Finance

  • A mall store.
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    "Forever 21 International Mall Miami" by Phillip Pessar is licensed under CC BY 2.0
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    Forever 21 will lay off nearly 700, close headquarters

    Nine stores in California and Pennsylvania will close, as Catalyst Brands, which owns the brand’s operations, explores its options.

    By Daphne Howland • March 5, 2025
  • A person walks past a large corner store with a white facade on a sunny day.
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    The image by Diario de Madrid is licensed under CC BY 4.0
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    Prada Group revenue skyrockets in 2024

    The dramatic results came from double-digit retail growth in nearly every region and reflect a 93% increase at Miu Miu.

    By • March 4, 2025
  • Models in colorful clothes walk the runway during the Pharrell Williams Louis Vuitton Menswear Spring/Summer 2024 show finale as part of Paris Fashion Week. Explore the Trendline➔
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    Aurelien Meunier via Getty Images
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    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
  • A person with shoulder-length hair wearing a black short-sleeved T-shirt.
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    Courtesy of J.Jill
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    J. Jill taps former Ralph Lauren merchant as CEO

    Mary Ellen Coyne’s three decades-plus of retail experience also includes her recent stint as chief executive of J. McLaughlin.

    By Daphne Howland • March 3, 2025
  • A pile of Wolford packages that feature the brand logo in gold foil and models formalwear, lingerie and hosiery.
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    Getty Images for Wolford via Getty Images
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    Lanvin Group closes stores amid a double-digit revenue decline

    The Wolford and Sergio Rossi parent company reported a 23% drop for fiscal 2024 as new creative and leadership appointments look to change momentum.

    By • Feb. 28, 2025
  • In a black-and-white photo, a man with white hair wears a black suit jacket and black T-shirt and leans on one hand while sitting at a glass table. A large painting is behind him.
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    Courtesy of Mattia Zoppellaro for Giuseppe Zanotti
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    Giuseppe Zanotti reacquires minority stake in namesake brand

    The footwear designer bought back a 30% share from LVMH-backed private equity firm L Catteron, which purchased the shares in 2014.

    By • Feb. 28, 2025
  • President Donald Trump speaks during a cabinet meeting at the White House on Feb. 26, 2025.
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    Andrew Harnik via Getty Images
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    Canada and Mexico tariffs will take effect March 4, Trump confirms

    The president will also impose an additional 10% import tax on China next week and hinted at plans to soon levy 25% duties on the European Union.

    By Philip Neuffer • Feb. 28, 2025
  • A man stands slightly behind a woman. Both clasp their hands in gratitude and angle themselves toward the camera.
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    Andreas Rentz via Getty Images
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    Jil Sander creative director team exits

    Lucie and Luke Meier, who have been with the OTB-owned luxury label since 2017, announced their departure following their fall-winter 2025 runway show.

    By • Feb. 27, 2025
  • Storefront of Saks Off 5th.
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    "Saks Fifth Avenue, Off 5th Outlet Factory Store , Clinton CT" by Mike Mozart is licensed under CC BY 2.0
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    Neiman Marcus deal triggers another round of layoffs at Saks Global

    The company in July also downsized operations in anticipation of the $2.7 billion acquisition, which closed at the end of last year.

    By Daphne Howland • Feb. 27, 2025
  • A Kurt Geiger store which features shelves of shoes and plush couches.
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    Courtesy of Steve Madden
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    Steve Madden is ‘cautious’ in the near term due to tariff hikes

    Despite the potential impact, the company still expects revenue to grow in 2025, including the results of the newly acquired Kurt Geiger brand.

    By • Feb. 26, 2025
  • A person with long brown hair in a gray tank dress squats on a rock, on a sandy shoreline, during the day. Her head rests on one hand.
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    Courtesy of Authentic Brands Group
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    Authentic signs license agreement for Quiksilver

    Velocity, which also makes Lucky workwear, will be responsible for reviving the boardsports brand’s womenswear line in the U.S. and Canada.

    By • Feb. 26, 2025
  • A closeup of the Kontoor Brands headquarters, showcasing the signs for Lee and Wrangler.
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    Retrieved from Kontoor Brands on February 25, 2025
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    Kontoor Brands expects revenue growth in 2025, but shares slip

    The Wrangler and Lee parent company’s outlook doesn’t include the projected impact of the newly acquired Helly Hansen brand.

    By • Feb. 25, 2025
  • A large downtown department store.
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    "Saks Fifth Avenue Chicago" by kzoocowboy is licensed under CC BY 2.0
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    Saks Global’s vendor trouble hints at financial vulnerability

    Revenue targets depend on mending relationships with suppliers, analysts say. A memo from CEO Marc Metrick may have made things worse.

    By Daphne Howland • Feb. 25, 2025
  • With puffy clouds in a blue sky, bushes surround a store with the name "JC Penney" in white letters. The store entrance is a brick arch.
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    "JC Penney" by Mike Mozart is licensed under CC BY 2.0
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    J.C. Penney, Eddie Bauer operator lays off 5% of corporate staff

    About 250 people at Catalyst Brands, which also runs Aéropostale, Brooks Brothers, Nautica and Lucky Brand, were let go.

    By Daphne Howland • Feb. 24, 2025
  • A massive downtown department store building.
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    "Exterior view of historic Neiman Marcus flagship store in Dallas, Texas as seen from Commerce Street." by Dfwcre8tive is licensed under CC BY 3.0
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    Saks Global to close century-old Neiman Marcus flagship in downtown Dallas

    The luxury department store's new owner will spend $100 million to renovate an anchor location at the nearby NorthPark Center mall.

    By Daphne Howland • Feb. 21, 2025
  • An aerial view of Wolverine's corporate headquarters.
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    Retrieved from Wolverine World Wide on February 21, 2025
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    Wolverine expects bounce-back year in 2025

    CEO Chris Hufnagel credited the better-than-expected Q4 results to execution of the company’s previously announced restructuring plan.

    By • Updated Feb. 21, 2025
  • A Gildan distribution center is pictured.
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    Courtesy of Gildan
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    Gildan announces CFO succession plan, new executive position

    The company announced the leadership changes on the same day it posted Q4 results showing a 5% year-over-year rise in net sales.

    By • Feb. 20, 2025
  • A person wearing a Helly Hansen-branded wind breaker over looks a sea.
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    Courtesy of Kontoor Brands
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    Wrangler parent company to buy Helly Hansen

    In a $900 million deal, Kontoor Brands will acquire the brand from Canadian Tire Corporation.

    By • Feb. 20, 2025
  • The letters spelling out "Nordstrom" in capital letters create shadows on the brick facade of a store.
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    "Nordstrom - Oak Park Mall" by Mike Kalasnik is licensed under CC BY-SA 2.0
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    Nordstrom brings on Neiman Marcus vet as director of luxury styling

    Catherine Bloom is joining the department store in the new role, and a Nordstrom Local location in Los Angeles will be a dedicated storefront for her clients.

    By Kaarin Moore • Feb. 19, 2025
  • Shoes are displayed on a table under a bright light while the room is dark.
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    Ben Gabbe/Getty Images for Stuart Weitzman via Getty Images
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    Tapestry to sell Stuart Weitzman for $105M

    The deal allows the Coach owner to double down on its handbag brands, which have recently driven it to record growth.

    By • Feb. 19, 2025
  • A closeup of a model's handbag on the runway.
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    Pascal Le Segretain/Getty Images via Getty Images
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    Hermès again bucks luxury slowdown trend with double-digit revenue growth

    The luxury brand said that if proposed tariffs from the U.S. cause prices to rise, its American customers “will understand and remain loyal.”

    By • Feb. 19, 2025
  • A model walks the runway while onlookers are seated on either side. The model wears baggy pants and a leather vest.
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    Pietro S. D'Aprano via Getty Images
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    OTB reports 2024 sales drop despite gains at key brands

    The Maison Margiela and Diesel owner attributed the decline to weakness in the wholesale sector, as it focuses on boosting its DTC segment by opening more retail stores.

    By • Feb. 18, 2025
  • Corporate headquarters of HanesBrands as seen from outside with HBI signage in the front.
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    Courtesy of HanesBrands
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    HanesBrands CEO to step down

    Steve Bratspies will stay with the company in an advisory role as the company moves in a new direction following the sale of Champion.

    By • Feb. 13, 2025
  • A store display with a red Levi's sign includes jeans in various shades of blue, folded on shelves and hanging on racks.
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    Daphne Howland/Fashion Dive
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    Levi’s expands C-Suite leaders’ responsibilities

    The changes follow the decision to cut up to 15% of its global corporate workforce as part of an initiative to drive cost savings and long-term growth.

    By Nate Delesline III • Feb. 13, 2025
  • Models wear streetwear and walk on a darkened runway beneath upside down palm trees.
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    Andreas Rentz via Getty Images
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    Bluestar adds Palm Angels to its roster

    The move follows the firm’s acquisition of Off-White from LVMH and helps bolster a portfolio that includes Hurley and Nanette Lepore.

    By • Feb. 12, 2025
  • A bright-red mall entrance to a clothing store.
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    Daphne Howland/Fashion Dive
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    Former New York & Co. chief to lead Express, Bonobos

    Greg Scott’s 30-plus years in the fashion industry also include stints at Fashion Nova and The Boutique Brands.

    By Daphne Howland • Feb. 12, 2025