Corporate/Finance: Page 17
-
Puma reports increased sales in footwear segment, normalized inventory
The sportswear giant reaffirmed its full fiscal year projections while the brand’s wholesale and DTC businesses saw strong increases.
By Laurel Deppen • Oct. 24, 2023 -
Richemont and Farfetch receive antitrust clearance on YOOX Net-a-Porter deal
Farfetch will receive a 47.5% stake in the online luxury platform in exchange for shares in Richemont.
By Lara Ewen • Oct. 23, 2023 -
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 -
Steve Madden acquires Almost Famous in $52M deal
Prior to the purchase, the apparel brand was the exclusive licensee of Madden NYC.
By Laurel Deppen • Oct. 23, 2023 -
Ferragamo revenues slide 8.3% as retail and wholesale channels lag
North American regional sales dropped more than 20% and global sales were down in every product category.
By Lara Ewen • Oct. 20, 2023 -
David’s Bridal promotes slate of company veterans in preparation for post-bankruptcy turnaround
The special-occasion apparel chain struggled after its previous Chapter 11 exit in 2018 as the pandemic roiled its business.
By Daphne Howland • Oct. 20, 2023 -
Boardriders lays off 84 California employees, including C-Suite members
The news comes after the company was acquired by Authentic Brands Group last month.
By Laurel Deppen • Oct. 19, 2023 -
Activist firm calls VF Corp. under ex-CEO a ‘death star,’ demands $300M in cost cuts and a board shakeup
But some proposals floated by Engaged Capital are already in place under new CEO Bracken Darrell and could take time to bear fruit, Wedbush said.
By Daphne Howland • Oct. 19, 2023 -
Under Armour taps Gap veteran as chief supply chain officer
Shawn Curran joins the footwear and apparel brand after three decades with Gap.
By Alejandra Carranza • Oct. 18, 2023 -
Apparel firms rank in top 100 public companies on ESG disclosures
The 100 Best Corporate Citizens report found that Nike, VF Corp. and Ralph Lauren got top marks in environmental and social practices.
By Laurel Deppen • Oct. 18, 2023 -
Moschino appoints new creative director
Davide Renne, formerly head designer of womenswear at Gucci, will take on the role that's been vacant since Jeremy Scott's departure in March.
By Lara Ewen • Oct. 16, 2023 -
Birkenstock slides 12% in public market debut
The footwear brand began trading at $41 a share on Wednesday after pricing its IPO at $46.
By Caroline Jansen • Oct. 13, 2023 -
Levi’s brings inventory under control, expands supplier base
The apparel company has made swift progress in cleaning up its stock recently after a “tough” time trying to operate its distribution centers.
By Ben Unglesbee • Oct. 12, 2023 -
Skechers granted an injunction against Dockers for alleged patent infringement
A regional court in Germany has prohibited Dockers from selling a slip-on style shoe in the European Union.
By Laurel Deppen • Oct. 11, 2023 -
Adidas President of North America Rupert Campbell to exit
Arthur Hoeld, who is already responsible for global sales at Adidas, will take over Campbell’s responsibilities until a replacement is found.
By Cara Salpini • Oct. 11, 2023 -
LVMH revenue up 1% in Q3 as luxury’s boom slows
The company’s fashion and leather goods division saw a 9% increase, but growth has slowed following a more robust first half of the year.
By Lara Ewen • Oct. 11, 2023 -
Nike kicks the inventory doldrums with levels down 10%
The sportswear giant has come a long way from a year ago, when stock levels were surging with retailers and consumers pulling back on purchasing.
By Ben Unglesbee • Oct. 10, 2023 -
Pandora looks to retail expansion for growth
The jewelry brand set new financial targets for revenue and free cash flow related to its Phoenix growth strategy.
By Dani James • Oct. 9, 2023 -
Chloé names a new creative director
Chemena Kamali replaces Gabriela Hearst, who left the Richemont-owned house earlier this year.
By Lara Ewen • Oct. 9, 2023 -
Levi’s posts flat revenue for Q3, cuts full-year guidance
The company cut its outlook for the second consecutive quarter, stating its approach was cautious due to macro-environment uncertainty.
By Nate Delesline III • Oct. 6, 2023 -
Shein names new group vice chairman
Marcelo Claure was most recently chairman of Shein Latin America.
By Laurel Deppen • Oct. 6, 2023 -
Birkenstock sets sights on valuation of up to $9.2B
As its revenue continues to increase, the footwear brand expects its IPO pricing to be between $44 and $49 per ordinary share.
By Dani James • Oct. 4, 2023 -
Alexander McQueen names new creative director
Seán McGirr, who previously worked at JW Anderson and Dries Van Noten, will take over for Sarah Burton, who announced her exit in September after 27 years with the house.
By Lara Ewen • Oct. 3, 2023 -
Birdy Grey builds out C-suite with new COO, CTO hires
The DTC bridal brand brought on a new operating chief following Eloquii co-founder Steve Zawada's exit in June after about six months.
Oct. 3, 2023 -
Vestiaire Collective names new head of global communications
Lauren Picciano comes to the luxury reseller after spending more than 15 years working in public relations for Saks, Bergdorf Goodman, Hearst and La Perla.
By Lara Ewen • Oct. 2, 2023 -
Nike says better profitability is on the horizon as net income edges down in Q1
Chief Financial Officer Matt Friend said the athleticwear brand expects to be “a more direct and a more digital company and a more profitable company” going forward.
By Cara Salpini • Oct. 2, 2023