Corporate/Finance: Page 12

  • Kanye West stands in front of Adidas and Yeezy logo.
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    Jonathan Leibson via Getty Images
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    Adidas plans to sell the rest of its Yeezy inventory ‘at least at cost’ this year

    The company, which originally toyed with the idea of writing off all leftover merchandise from the failed partnership, has instead sold it off piece by piece.

    By Cara Salpini • Feb. 2, 2024
  • Models walk in a straight line down the runway as a crowd watches.
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    Pietro D'aprano/Getty Images via Getty Images
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    Zegna’s revenue grew 27.6% for fiscal 2023

    The Thom Browne owner saw double-digit growth in all geographic regions.

    By • Feb. 1, 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 street lamp and a couple of people to the left of a large corner store with a red "H&M" sign, as others stroll and window shop.
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    Daphne Howland/Fashion Dive
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    H&M Group CEO is out

    Helena Helmersson unexpectedly stepped down after four years at the helm, replaced by Daniel Ervér, chief of the company’s namesake brand.

    By Daphne Howland • Feb. 1, 2024
  • Image shows interior storefront of Coupang featuring neon displays.
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    Courtesy of Coupang
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    Coupang completes acquisition of Farfetch

    The $500 million deal, initially announced in December, was threatened last week by Farfetch bond holders seeking to recover their investment in the luxury e-commerce firm.

    By • Jan. 31, 2024
  • A close-up of a person's feet wearing Adidas sneakers in black, white and grey.
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    Araya Diaz/Getty Images for PacSun via Getty Images
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    EU rejects Adidas’ claim against Thom Browne in ongoing battle over stripe graphic

    The decision is the latest in a series of disputes between the companies over the design.

    By • Jan. 31, 2024
  • A person with glasses, a mustache, and tattoos on his neck and face wears colorful clothing and sits smiling at the camera.
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    Permission granted by Moschino/photo by Daria Svertilova
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    Moschino appoints Adrian Appiolaza to creative director role

    The designer will oversee the label’s women’s, men’s and accessories collections. He fills a position that has been empty since the November death of Davide Renne.

    By • Jan. 30, 2024
  • A one-story store sits on a corner against a blue sky.
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    Courtesy of REI Co-op
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    REI to lay off 357, including 200 at corporate headquarters

    The move is the company’s third round of layoffs in less than 12 months.

    By Nate Delesline III • Jan. 30, 2024
  • The exterior of Gildan Activewear's headquarters
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    Courtesy of Gildan
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    Gildan moves to block shareholder special meeting

    The activewear firm is filing an application with a Canada court to nullify Browning West LP’s attempt to reinstate former CEO Glenn Chamandy.

    By • Jan. 30, 2024
  • A person, Jose Neves, sits on a stage speaking into a microphone.
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    Jason Carter Rinaldi via Getty Images
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    Farfetch deal with Coupang threatened by ad hoc investor group

    The noteholders, who collectively hold more than half of the luxury e-commerce platform’s 2027 bonds, say they’re seeking options that would allow them to recover their funds.

    By • Updated Jan. 30, 2024
  • A piece of lingerie is displayed on a mannequin next to a bouquet of flowers.
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    Photo by Dia Dipasupil/Getty Images for Victoria's Secret via Getty Images
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    Victoria’s Secret-backed lingerie and apparel brand sues Shein

    For Love & Lemons says the fast fashion giant violated copyrighted designs, prints and graphics.

    By • Jan. 29, 2024
  • Pharrell Williams wears a green pixelated camo suit and points at the sky on the runway of his debut collection for Louis Vuitton menswear.
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    Aurelien Meunier via Getty Images
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    LVMH posts record profits and 86.2B euros in revenue for 2023

    The company’s strong fourth quarter revenue in fashion and leather goods helped ease luxury sector slowdown concerns.

    By • Jan. 26, 2024
  • A model walks the runway at the Moschino fashion show during the Milan Fashion Week Womenswear Spring/Summer 2024 on September 21, 2023 in Milan, Italy
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    Victor Boyko/Getty Images via Getty Images
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    Aeffe reports 9.5% revenue slump

    The Moschino owner is eyeing its retail division as an opportunity for growth.

    By • Jan. 26, 2024
  • People stand in front of a Fruit of the Loom shopping display.
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    Photo by Scott Olson/Getty Images via Getty Images
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    Fruit of the Loom lays off more than 100 workers at distribution center

    The innerwear and activewear manufacturer is closing one of its locations in South Carolina.

    By • Updated Jan. 25, 2024
  • A Wall St. sign with American flags in the background next to the New York Stock Exchange (NYSE).
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    Spencer Platt via Getty Images
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    Amer Sports eyes $8.7B valuation in IPO

    The athleticwear brand, which owns Wilson and Arc’teryx, is looking to raise up to $1.8 billion in its public market debut.

    By Nate Delesline III • Jan. 25, 2024
  • A person with long hair and a polka-dotted shirt smiles.
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    Courtesy of Designer Brands
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    Everlane CEO jumps to Designer Brands

    Andrea O'Donnell, who was named brands chief, has a range of merchandising and brand-building experience, including at Deckers and LVMH-owned DFS Group.

    By Daphne Howland • Jan. 24, 2024
  • A pair of fur-lined Birkenstocks are pictured in a wooden box display.
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    Photo by Jeff Schear/Getty Images for Birkenstock via Getty Images
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    Despite stock slide, Birkenstock is positioned for growth: analysts

    Company executives said the footwear brand has room for pricing adjustments to help offset inflation effects on the bottom line.

    By • Jan. 24, 2024
  • An exterior corner of a Macy's store.
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    Daphne Howland/Fashion Dive
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    Macy’s to cut 3.5% of its workforce, close 5 mall anchors

    The moves come as Tony Spring prepares to take the reins from CEO Jeff Gennette, who said a year ago that store closures were mostly complete.

    By Daphne Howland • Jan. 22, 2024
  • In a city garden, a metal globe is in the background and crowds watch models on a runway.
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    Kristy Sparow via Getty Images
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    Tracker

    The luxury fashion earnings calendar

    Fashion Dive has put together a list of luxury fashion financial reporting dates to help keep track of the sector.

    Updated Aug. 1, 2024
  • A Gildan knitting facility.
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    Courtesy of Gildan
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    Gildan defends its decision to fire CEO

    The activewear firm has faced pressure from several investors to reinstate Glenn Chamandy after announcing a replacement last month.

    By • Jan. 19, 2024
  • Five pieces of clothing, with a cardboard box to the right that says "Stitch Fix."
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    Courtesy of Stitch Fix
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    Stitch Fix ends full-time work for stylists, lays off some leads

    The apparel box retailer has kept a tight grip on expenses, but its sales and customer base continue to shrink.

    By Daphne Howland • Jan. 19, 2024
  • A ring in a red Cartier jewelry box sits on a counter.
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    Andrew H. Walker via Getty Images
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    Richemont bucks larger luxury slowdown with 4% sales boost for Q3

    China helped boost numbers for the period, and jewelry and watches lifted retail, while the company reiterated plans to find a new buyer for Yoox Net-a-Porter.

    By • Jan. 18, 2024
  • A shot of Lululemon Global Creative Director Jonathan Cheung in a brand sweater and jacket against a white background.
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    Courtesy of Lululemon
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    Lululemon taps new global creative director

    Jonathan Cheung is taking on the role, while JJ Collier joins the athleticwear brand in the newly created position of vice president of design for outerwear.

    By Cara Salpini • Jan. 17, 2024
  • Two people hold hands and face the camera wearing gray suits, flanked by models also wearing gray suiting separates.
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    Andreas Rentz via Getty Images
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    Hugo Boss preliminary sales up 15% for 2023

    Robust Q4 sales in the Americas and Asia helped the company avoid the slump hitting other luxury brands.

    By • Jan. 17, 2024
  • A Uniqlo store is pictured while patrons walk through it.
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    Mario Tama/Getty Images via Getty Images
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    Uniqlo sues Shein over viral mini shoulder bag

    Fast Retailing-owned Uniqlo is asking Shein to cease its production of the alleged dupe.

    By • Updated Jan. 16, 2024
  • The interior of an Under Armour store in Houston, Texas.
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    Brandon Bell via Getty Images
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    Under Armour taps new chief product officer, head of Americas

    Industry veteran Yassine Saidi will take over product, and Kara Trent will replace David Baxter in the brand’s largest region. 

    By Cara Salpini • Jan. 16, 2024