Corporate/Finance


  • The exterior of Gildan Activewear's headquarters
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    Courtesy of Gildan
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    Gildan CEO and entire board resign ahead of annual meeting

    Following a months-long proxy battle between the activewear brand and investor group Browning West, former CEO Glenn Chamandy will likely be reinstated.

    By May 24, 2024
  • Exterior of Lulus' pink retail store on Melrose Avenue
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    Courtesy of Lulus
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    Shipping carrier diversification benefits Lulus in Q1

    The fashion brand has added more delivery providers in recent quarters to offset rising shipping costs.

    By Max Garland • May 24, 2024
  • 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 close up of a person's shoes, high top vans classics in maroon.
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    Pablo Cuadra/Getty Images via Getty Images
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    VF names new CFO, still feels revenue slump as it considers selling assets

    Declining performance of the Vans brand continued to weigh on the apparel and footwear conglomerate’s Q4 earnings despite various transformation programs.

    By May 23, 2024
  • A person in a black tuxedo and a white shirt with a bowtie has long black hair and walks towards the camera.
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    JP Yim via Getty Images
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    Ralph Lauren revenue up slightly, CFO exits

    The company predicted upcoming profit declines and announced the departure of Jane Nielsen after eight years.

    By May 23, 2024
  • Models pose together wearing Rowing Blazers apparel.
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    Courtesy of Rowing Blazers
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    Following acquisition, Rowing Blazers names new CEO

    Laura Willensky comes with experience from J. Crew, Victoria’s Secret Beauty, Talbots, Janie & Jack, Madewell and Away.

    By Howard Ruben • May 23, 2024
  • A person in a black suit stands in a darkened room next to a person in a black-and-white checked cape. Both are staring at the camera.
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    Victor Boyko via Getty Images
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    The Vampire’s Wife shuts down

    Susie Cave, designer of the luxury dress label, posted an announcement on the brand’s e-commerce site saying it would cease operations immediately.

    By May 22, 2024
  • A person with long brown hair stands wearing a white jumpsuit surrounded by models posing in colorful clothing.
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    John Parra via Getty Images
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    Mara Hoffman puts namesake brand on hold

    The 2023 CFDA Environmental Sustainability award-winner cited challenges with creating eco-friendly fashion.

    By May 21, 2024
  • A Gildan knitting facility.
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    Courtesy of Gildan
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    Browning West nominees to Gildan board boosted by pair of proxy advisory firms

    ISS and Glass Lewis have added their support to a months-long battle that began when the activewear company fired its former CEO.

    By May 20, 2024
  • Two people, both wearing white, one in a hoodie, the other a mustache, embrace.
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    Courtesy of Canada Goose
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    Canada Goose yanks long-term targets, names creative director

    The brand has slowed its store expansion and paused its five-year plan to focus on “doing fewer things really, really well,” CEO Dani Reiss said Thursday.

    By Daphne Howland • May 20, 2024
  • People standing in the dark in front of a Van Cleef & Arpels store that has large stylized ads of jewelry displayed.
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    Feng Li via Getty Images
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    Richemont names new CEO, posts record revenue

    Nicolas Bos moves into the role from Van Cleef & Arpels as the luxury house’s full year sales rise following a Q4 decline.

    By May 20, 2024
  • A closeup detail of a person's outfit, which includes a fur-lined coat and Coach bag.
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    Vanni Bassetti/Getty Images via Getty Images
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    Coach scraps its copyright infringement lawsuit against Gap

    The complaint, filed last month, focused on the use of the word “coach” on Old Navy T-shirts.

    By May 17, 2024
  • A closeup of a person wearing cropped pants and white sneakers with a polo player logo on the side of sneaker.
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    Arturo Holmes via Getty Images
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    Polo Ralph Lauren creative director stepping down

    Michael Rider has been with the brand since 2018, and previously worked as ready-to-wear design director at LVMH-owned Céline under Phoebe Philo.

    By May 16, 2024
  • A model with blonde shoulder-length hair wears a navy coat and walks on a runway as other models follow. Spectators watch in the dark on the side.
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    Joe Maher via Getty Images
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    Burberry profits fall by more than a third in 2023

    The London-based luxury house had an especially challenging fourth quarter with overall revenue for the year falling 4%.

    By May 15, 2024
  • Bales of clothing and textiles are pictured in a store house.
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    Stock via Getty Images
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    Q&A

    Regulations could improve ESG in fashion, but Worldly exec says it’s not enough

    James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.

    By May 15, 2024
  • On a gray runway, a model in a navy miniskirt and suit jacket wears sunglasses and carries a yellow clutch as other models follow behind. A crowd watches from the sides.
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    Slaven Vlasic via Getty Images
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    Tory Burch gets a new North America president

    Former Clarins executive Christophe de Pous will join two additional leadership hires as the company expands its global presence.

    By May 14, 2024
  • Exterior of an Allbirds store in Washington, D.C.'s Georgetown neighborhood
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    Caroline Jansen/Fashion Dive
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    Allbirds revenue plummets 28% in Q1 as CEO says the brand is ‘executing with urgency’

    Joe Vernachio said the retailer shuttered three stores in the quarter and is on track with its planned closures, which will amount to 10 to 15 this year.

    By Cara Salpini • May 13, 2024
  • A model in a green outfit walks down a white runway as spectators sit watching from the side.
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    Vittorio Zunino Celotto via Getty Images
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    Salvatore Ferragamo revenue drops more than 18%

    The decline was attributed to poor DTC performance in China and Korea as well as weak global wholesale.

    By May 13, 2024
  • A model wearing a black spiked headdress, jeweled gloves and a full-skirted lavender dress walks down a darkened runway.
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    Vittorio Zunino Celotto via Getty Images
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    Aeffe revenue down 14% in Q1

    The company is repositioning its Moschino brand following the January appointment of creative director Adrian Appiolaza.

    By May 10, 2024
  • Gap names new global CMO amid push to revitalize brand

    Fabiola Torres joins the retailer from PepsiCo and was lauded for her ability to connect with globally diverse consumers.

    By Peter Adams • May 10, 2024
  • A person walks across a stage holding a red balloon and wearing a trench coat.
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    Arturo Holmes via Getty Images
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    Tapestry Q3 sales down as smaller brands continue to struggle

    Against the backdrop of an FTC lawsuit, Coach sales were flat, and Kate Spade and Stuart Weitzman continued to decline.

    By May 9, 2024
  • An aerial view of the HanesBrands headquarters building in North Carolina.
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    Courtesy of HanesBrands
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    Champion remains a drag on HanesBrands’ earnings

    Global sales for the activewear brand fell 26% in the first quarter, as the company considers selling it off.

    By May 9, 2024
  • European Union flags are pictured outside the European Commission building.
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    Carl Court via Getty Images
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    EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply

    Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.

    By Zoya Mirza • May 9, 2024
  • Person wearing HeyDude shoes stands on the grass.
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    Courtesy of HeyDude X Foot Locker
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    Heydude still a drag on Crocs in Q1

    Former Ulta exec Susan Healey has been appointed chief financial officer, replacing Anne Mehlman, now Crocs brand chief.

    By Daphne Howland • May 8, 2024
  • Two mannequins are seen on display in a Sweaty Betty store window.
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    Ben Pruchnie/Getty Images via Getty Images
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    Wolverine World Wide names new CFO, reports 34% revenue decline

    Despite the revenue dip, the Merrell owner said results were better than expected as it continues restructuring plan.

    By May 8, 2024
  • Colin Browne is seen in a professional headshot.
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    Courtesy of Cascale
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    Cascale’s new CEO is approaching the role as a mission

    Colin Browne, most recently of Under Armour, was appointed shortly after the nonprofit coalition's rebrand.

    By May 7, 2024