The Children’s Place may get a reprieve as investor takes majority stake

Mithaq Capital has taken a 54% share, will nominate 11 people to the apparel retailer's board, and has offered to help shore up its liquidity.

By Daphne Howland • Feb. 16, 2024

EssilorLuxottica posts steady revenue growth for third consecutive year

The eyewear manufacturer benefited from a 5% revenue boost in the EMEA region as well as a strong demand for luxury frames in China.

By Lara Ewen • Feb. 15, 2024

Explore the 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

HanesBrands sees sales fall 12%

The company is looking to build on its innerwear category, as activewear sales continue to drop by double digits.

By Laurel Deppen • Feb. 15, 2024

HanesBrands to lay off nearly 160 employees in North Carolina distribution center

The apparel company plans to repurpose the facility as it streamlines operations.

By Alejandra Carranza • Feb. 15, 2024

VF adds new board member, aligns with Engaged Capital

The apparel conglomerate said it will also name another independent director in the near term as it accelerates turnaround efforts.

By Laurel Deppen • Feb. 14, 2024

Temu asks that class action lawsuit be moved out of court

Attorneys for the fast fashion company claim plaintiffs agreed to settle disputes through arbitration when they accepted its terms of use.

By Laurel Deppen • Feb. 14, 2024

Lacoste appoints new executive vice president of global finance

Philippe Gautier brings his experience as CFO at brands including Puma and Sergio Rossi to the France-based sportswear firm.

By Lara Ewen • Feb. 13, 2024

Hoka taps 17-year Nike vet as brand president

Robin Green, the activewear giant’s global vice president of Men’s Running and Fitness, is tasked with driving growth and innovation at Hoka.

By Cara Salpini • Feb. 13, 2024

Tod’s sells stake to L Catterton in a plan to take the company private

This is the second time the luxury company attempted to delist from the Italian Stock Exchange.

By Laurel Deppen • Feb. 12, 2024

Puma taps H&M vet to lead global brand strategy

Julie Legrand, who also held senior brand and marketing positions at Procter & Gamble, joins the athletics retailer with 20 years of experience.

By Howard Ruben • Feb. 12, 2024

Prada and L’Oreal sign license agreement for Miu Miu beauty line

The first fragrances under the deal are expected to launch in 2025.

By Lara Ewen • Feb. 9, 2024

Hermès sales outdo luxury rivals

The company’s global resilience in the sector was aided by strong growth for its ready-to-wear segment and continued demand for its leather goods.

By Lara Ewen • Feb. 9, 2024

Capri Q3 revenue drops 5.6%

Michael Kors, Jimmy Choo and Versace all saw declines, which the company's CEO attributed to a softening demand for luxury goods.

By Laurel Deppen • Feb. 9, 2024

Ralph Lauren’s Q3 revenue up after positive holiday sales

North America wholesale dropped 15%, but the brand continued to grow its DTC business as global sales in that category increased 9%.

By Lara Ewen • Feb. 9, 2024

Under Armour CEO on sportstyle pivot: ‘We’re not trying to be anything other than authentically Under Armour’

Stephanie Linnartz talked about the evolution of the company's product offering as revenue fell 6%.

By Cara Salpini • Feb. 9, 2024

Coach leads Tapestry to Q2 revenue increase in fiscal 2024, but other brands lag

The Kate Spade and Stuart Weitzman brands saw revenue declines for the period.

By Laurel Deppen • Feb. 8, 2024

Kering revenue drops 4% for fiscal 2023

All of the luxury conglomerate’s fashion houses saw 8% declines in Q4 and low-single-digit declines for the year.

By Lara Ewen • Feb. 8, 2024

Simon Property Group trims stake in Forever 21, Brooks Brothers brand-management firm Authentic

The mall REIT is unwinding some of its investment into the retail business, which CEO David Simon has acknowledged is more volatile than real estate.

By Daphne Howland • Feb. 8, 2024

VF launches strategic review of brand assets, CFO steps down

The company’s largest brands saw Q3 double-digit revenue declines, while overall company revenue dipped 16% for the period.

By Laurel Deppen • Feb. 7, 2024

Farfetch noteholders ask court to liquidate holding company

The group requested for independent liquidators to take control of the company and investigate “the circumstances of its apparent rapid and unexplained failure.”

By Laurel Deppen • Feb. 7, 2024

Zac Posen is Gap Inc.’s latest hire in a long line

The designer, known for his women’s dresses, joins a team tasked with “brand reinvigoration and greater cultural relevance,” the company said.

By Daphne Howland • Feb. 6, 2024

Deckers names new CEO as Q3 sales tick up 16%

Stefano Caroti, who most recently was the company’s chief commercial officer, also led Hoka in the interim and spent over a decade at Nike.

By Tatiana Walk-Morris • Feb. 6, 2024

New Macy’s CEO Tony Spring takes over

Spring, who stepped into the role on Sunday, faces several challenges, including a take-private offer and changes to the department store’s fleet.

By Nate Delesline III • Feb. 5, 2024

Columbia braces for challenging 2024 as net sales rise 1% in fiscal 2023

The company projected a net sales decline of between 2% and 4% against a background of "economic and geopolitical uncertainty."

By Lara Ewen • Feb. 2, 2024

Skechers logs record $8B in annual sales, but wholesale remains a pain point

 After retailers cut back on inventory levels last year, the footwear giant's CFO said he expects things to turn around in 2024.

By Laurel Deppen • Feb. 2, 2024