Corporate/Finance: Page 15

  • A Shein store is pictured, with a rack of clothes on display.
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    Courtesy of Shein
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    Shein’s IPO and its quest for legitimacy: analysts weigh in

    A public offering from the fast fashion giant could provide capital opportunities in the mainstream market amid competition from the discount e-commerce sector.

    By • Dec. 1, 2023
  • A closeup of the feet of a person wear a pair of Champion brand sneakers in a red, black and white colorway.
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    Retrieved from Champion on December 01, 2023
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    HanesBrands names new global vice president, chief marketing officer at Champion

    The company has appointed former Canada Goose exec Richard Mcleod to spearhead strategy and positioning for the struggling athleticwear brand.

    By • Dec. 1, 2023
  • 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 closeup of a white "Vans" sign, below a red-trimmed window, reflecting a blue-gray sky.
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    Daphne Howland/Fashion Dive
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    VF Corp lays off 500 salaried employees amid turnaround

    The job cuts come weeks after an activist investor demanded the conglomerate slash $300 million in expenses.

    By Daphne Howland • Dec. 1, 2023
  • Window display of denim-clad mannequins wearing Tommy Hilfiger clothing.
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    Keith Tsuji via Getty Images
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    PVH reports increased earnings, but predicts a revenue slide in Q4

    While the company is seeing success in positioning the Tommy Hilfiger and Calvin Klein brands for growth, an analyst warns the company still has a long way to go.

    By • Nov. 30, 2023
  • A Vince storefront in the Melrose area of Los Angeles, California.
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    Cara Salpini/Fashion Dive
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    Ralph Lauren veteran takes CFO job at Vince

    John Szczepanski takes on a role that has had significant turnover in recent months, as the struggling brand embarks on a turnaround.

    By Daphne Howland • Nov. 30, 2023
  • Saks will lay off 90 employees next year and end operations at a Wilkes-Barre, Pennsylvania, fulfillment center, pictured here.
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    Retrieved from Google on Nov. 21, 2023.

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    Saks to lay off 90 at Pennsylvania fulfillment center

    The cuts are slated to begin in January as the e-commerce retailer shifts volume to more advanced facilities.

    By Max Garland • Nov. 29, 2023
  • Neon signs and mannequins on display at an evening event for the company Farfetch.
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    Rachel Murray via Getty Images
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    Farfetch calls off Q3 2023 earnings announcement

    The results report was canceled the day before it was scheduled to occur and there is speculation that the company is planning to go private.

    By • Nov. 29, 2023
  • Alice Temperley, of Temperley London, walks on a runway and is met with applause.
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    Eamonn M. McCormack/Getty Images via Getty Images
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    Temperley London sells majority stake to Dubai-based investment firm

    The British luxury house’s namesake Alice Temperley will stay on as creative director while the brand looks to launch bags, shoes and ready-to-wear.

    By • Nov. 29, 2023
  • A closeup of a person with Gucci shopping bag in the twilight on a street in Rome, Italy.
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    Franco Origlia via Getty Images
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    Gucci staff in Rome strike to protest relocation plans

    The move would shift the Kering-owned house’s design studio from Rome to Milan and affect a reported 153 out of 219 employees.

    By • Nov. 28, 2023
  • Picture of Shein office lobby.
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    Courtesy of Shein
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    Shein reportedly files for IPO

    The fast fashion giant had reportedly been eyeing the move all year, against a backdrop of scrutiny from U.S. lawmakers over its supply chain practices.

    By • Nov. 28, 2023
  • Storefront of Abercrombie & Fitch in a mall. Store windows on the left and right have mannequins wearing long pants and shirts.
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    Courtesy of Abercrombie & Fitch
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    Abercrombie & Fitch sales jump 20% in Q3

    The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.

    By Nate Delesline III • Nov. 28, 2023
  • Golden Goose sneakers in bright colors are pictured on a store display.
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    Ryan Emberley/Getty Images for Golden Goose via Getty Images
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    Golden Goose asks court to dismiss New Balance’s ‘dad shoe’ infringement complaint

    The streetwear brand claims the athleticwear giant failed to allege its rights in the complaint over the Dad-Star sneaker.

    By • Nov. 27, 2023
  • A leafy green bush sits in front of a reddish brick store against a bright blue sky, with the name Kohl's in white block letters.
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    "Kohl's" by Mike Mozart is licensed under CC BY 2.0
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    Kohl’s president, COO exits after less than a year

    Dave Alves took on the roles this spring.

    By Daphne Howland • Nov. 21, 2023
  • A Billabong store is pictured while people walk in front of it.
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    Spencer Platt/Getty Images via Getty Images
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    Authentic inks licensing deal for Quiksilver, Billabong, Roxy kids apparel

    Centric brands will handle the design, manufacturing and distribution in the U.S. and Canada.

    By • Nov. 21, 2023
  • Cory Long poses for a professional headshot in black and white.
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    Courtesy of Columbia Sportswear
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    Columbia names new president of Sorel brand

    Cory Long has previously held management and director roles at DC Shoes, Asics, Supra and Converse.

    By • Nov. 17, 2023
  • A Burberry window installation as seen from an angle.
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    Jared Siskin via Getty Images
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    Burberry profit drops 18%, joining other companies in a luxury slump

    While revenues were up 4%, an 8% drop in wholesale and a 9% sales decline in the Americas has hurt the company’s overall outlook.

    By • Nov. 16, 2023
  • Amina Razvi speaks at a podium on a stage.
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    Courtesy of Sustainable Apparel Coalition
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    Sustainable Apparel Coalition CEO to step down

    Amina Razvi will leave the nonprofit coalition of fashion industry brands in December.

    By • Nov. 16, 2023
  • The Nike "swoosh" on the side of a building, with another building seen behind it.
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    Daphne Howland/Fashion Dive
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    Amid another leadership shakeup, Nike hires ex-Amazon Fashion chief

    Muge Erdirik Dogan spent 16 years at the e-commerce giant, leading the apparel business for three. Her hire is just one of a slew of changes Nike announced.

    By Daphne Howland • Nov. 16, 2023
  • Warmly lit exterior image of On's Miami store
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    Courtesy of On
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    On’s net sales jump 46.5% in Q3 as it plans to slow wholesale expansion

    The athletics brand saw DTC net sales increase 54.6% and raised its full-year outlook again to project an annual growth rate of over 46%.

    By Dani James • Nov. 15, 2023
  • People walk past a Skechers storefront.
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    Spencer Platt/Getty Images via Getty Images
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    Skechers settles patent dispute with nonslip shoe maker

    Laforst Shoes can no longer sell the infringing shoe design, a federal judge ruled.

    By • Nov. 14, 2023
  • Person with hand tattoos kneels and laces up a Sperry boat shoe.
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    Retrieved from Sperry on November 09, 2023
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    Deep Dive

    Rocking the boat shoe: Sperry’s search for a lifeline

    Wolverine is looking to unload its 88-year-old lifestyle footwear brand, but finding the right buyer is a hard sell.

    By • Updated Nov. 20, 2023
  • A model smiles, wearing a tan True & Co. bra.
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    Retrieved from True & Co. on November 13, 2023
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    PVH Corp. sells innerwear brands in a $160M deal

    Warners, Olga and True & Co. will move to privately-held Basic Resources at the end of November.

    By • Nov. 13, 2023
  • Models wearing pale colors walk the Chloé Womenswear runway against a white backdrop.
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    Pascal Le Segretai via Getty Images
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    Richemont sales rise 6% in H1, led by double-digit growth in Asia

    Sales in the Americas were soft, however, and the company’s online sales dropped 7% as it prepared to finalize its sale of YNAP to Farfetch.

    By • Nov. 13, 2023
  • The HanesBrands headquarters in North Carolina is pictured.
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    Courtesy of HanesBrands
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    HanesBrands activewear sales down 16.8% as it considers Champion deal

    Hanes had previously announced a licensing deal with G-III Apparel Group as Champion undergoes a revamp.

    By • Nov. 10, 2023
  • Michael Kors shoes and a bag are pictured in a store display.
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    JP Yim/Getty Images for ELLE via Getty Images
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    Capri reports 8.6% revenue drop ahead of Tapestry merger

    A new Michael Kors e-commerce website resulted in $50 million of unanticipated Q2 losses, but every brand in the company’s stable suffered high single-digit declines.

    By • Nov. 10, 2023