Corporate/Finance: Page 18

  • Anders Sjoblom is pictured for a professional headshot.
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    Courtesy of Recover™
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    Recycled materials company hires H&M exec as CEO

    Recover, which has recently forged partnerships with several brands for recycled denim, is switching up its top leadership roles.

    By • Sept. 28, 2023
  • 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 cost cuts pay off as Q4, full-year losses narrow

    But sales declines continue, and the apparel box retailer has decided to shutter its U.K. operation by the end of its first quarter.

    By Daphne Howland • Sept. 20, 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
  • The HanesBrands headquarters in North Carolina is pictured.
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    Courtesy of HanesBrands
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    Hanes evaluating options for its Champion business

    After signing a recent license agreement with G-III, HanesBrands is now weighing additional strategies for the brand, including a potential sale.

    By • Sept. 19, 2023
  • Land's End
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    Courtesy of Land's End
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    Land’s End interim takes permanent CFO seat

    Bernard McCracken is the latest chief accounting officer to be promoted to a public company’s top finance role. 

    By Maura Webber Sadovi • Sept. 19, 2023
  • Flowers and Shein branding on display.
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    Shirlaine Forrest via Getty Images
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    Shein adds $85M to its ESG initiatives

    The funding will be earmarked to help aspiring designers, women, young people and the underprivileged.

    By Laurel Deppen • Sept. 15, 2023
  • The letters spelling out "Nordstrom" in capital letters create shadows on the brick facade of a store.
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    "Nordstrom - Oak Park Mall" by Mike Kalasnik is licensed under CC BY-SA 2.0
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    Nordstrom shuffles leadership, again

    Among a flurry of appointments, the retailer announced a new chief merchant, Rack president and president of Nordstrom stores.

    By Kaarin Vembar • Sept. 15, 2023
  • Exterior shot of a Birkenstock store.
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    Courtesy of Birkenstock
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    Birkenstock files for IPO as it eyes global growth

    Private equity firm L Catterton will control a majority of voting power on outstanding shares.

    By Dani James • Sept. 13, 2023
  • A building seen at an angle, with a leafy tree visible on the right.
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    Daphne Howland/Fashion Dive
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    Macy’s taps international department store veteran as Bloomingdale’s CEO

    Olivier Bron, with stints at Central and Robinson Department Stores in Thailand and Galeries Lafayette in Paris, replaces longtime chief Tony Spring.

    By Daphne Howland • Sept. 12, 2023
  • https://www.gettyimages.com/detail/news-photo/new-timberland-store-is-seen-at-the-junction-square-mall-news-photo/487141507?adppopup=true
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    Paula Bronstein/Getty Images via Getty Images
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    VFC must pay up to $730M in taxes related to Timberland legal dispute

    A federal judge sided with the IRS over the timeline of its required payments.

    By • Sept. 12, 2023
  • A woman, Sarah Burton, stands in jeans and a white top at the end of an Alexander McQueen runway and waves to the crowd.
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    Pascal Le Segretain via Getty Images
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    Sarah Burton to exit as creative director of Alexander McQueen

    The Kering-owned fashion brand said the spring-summer 2024 collection, to be shown during Paris Fashion Week in September, will be Burton’s last for the house.

    By • Sept. 11, 2023
  • The Nike swoosh logo is pictured up close.
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    Drew Angerer/Getty Images via Getty Images
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    Investors call for Nike to pay $2.2M in owed wages to supply chain workers

    Ahead of the sportswear giant’s annual meeting this week, investors are asking the company to avoid similar cases in the future.

    By • Sept. 11, 2023
  • The entrance to a store with the word "Express" repeated above each glass door.
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    Daphne Howland/Fashion Dive
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    Express CEO Tim Baxter resigns

    Stewart Glendinning, who comes to the retailer from Tyson Foods, has been appointed to the chief executive role. 

    By Kaarin Vembar • Sept. 8, 2023
  • A HanesBrands store display is pictured, including paper bags, footballs and t-shirts, all with the Hanes logo.
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    Riccardo Savi/Getty Images for Hanes via Getty Images
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    G-III and Hanes strike licensing deal for Champion

    G-III announced the deal along with its second quarter earnings, which beat previous estimates.

    By • Sept. 7, 2023
  • With tree branches and brick buildings to the left, a sign reading "UpWest" juts out from a building.
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    Daphne Howland/Fashion Dive
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    Express Inc. leans on cost cuts as sales, profits plummet

    The apparel conglomerate is facing consumer demand for promotional pricing and has had to correct some fashion misses at its namesake.

    By Daphne Howland • Sept. 6, 2023
  • A Tommy Hilfiger store is pictured, featuring mannequins wearing clothing and shelves stocked with shirts.
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    John Sciulli/Getty Images for Tommy Hilfiger via Getty Images
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    Tommy Hilfiger hires Virginia Ritchie as chief marketing officer

    She has been with the PVH Corp.-owned brand for more than 12 years, most recently as interim CMO.

    By • Sept. 6, 2023
  • A red sign with a white logo and the words "under armour" in white capital letters hangs from an iron post.
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    Daphne Howland/Fashion Dive
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    Under Armour taps John Varvatos as chief design officer

    The fashion designer has already been working with the struggling athletic apparel brand for some time this year.

    By Daphne Howland • Sept. 5, 2023
  • A G-Star Raw store is pictured, including a reception desk which showcases pairs of jeans above it. Customers walk around the desk.
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    Theo Wargo/Getty Images for G-Star RAW via Getty Images
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    WHP Global will acquire majority interest in G-Star Raw

    The denim brand’s CEO will continue to operate its wholesale, retail and e-commerce distribution from its Amsterdam headquarters.

    By • Sept. 5, 2023
  • Exterior view of the greenery outside Wolverine Worldwide corporate headquarters in Rockford, Michigan.
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    Retrieved from Wolverine Worldwide on September 01, 2023
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    Wolverine sells U.S. leathers business to New Balance

    The company also announced a deal to sell Hush Puppies intellectual property in China, Hong Kong and Macau.

    By • Sept. 1, 2023
  • A person in a ballcap and green jacket walks toward the camera.
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    Marc Piasecki via Getty Images
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    Tremaine Emory exits Supreme, alleges systemic racism

    In a series of Instagram posts, he discussed resigning as creative director and the brand’s cancellation of a collaboration with Arthur Jafa.

    By • Sept. 1, 2023
  • Alessio Vannetti is pictured in black and white, standing in a forest.
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    Courtesy of Gucci
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    Gucci rehires Alessio Vannetti as chief brand officer

    He returns to the luxury brand after a three-year stint at Valentino.

    By • Sept. 1, 2023
  • External storefront of a Lands' End.
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    Courtesy of Lands' End
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    Lands’ End revenue down 7.9% in Q2 as e-commerce falters

    The company's defunct business in Japan and soft European e-commerce hampered its financial performance.

    By • Updated Aug. 31, 2023
  • Mannequins in lingerie are part of the sales floor displays at Victoria's Secret in New York City
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    Permission granted by Victoria's Secret & Co.
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    Victoria’s Secret posts Q2 sales decline amid turnaround efforts

    While the retailer reported progress on its strategic initiatives, analysts question whether its actions are working.

    By Kaarin Vembar • Aug. 31, 2023
  • The inside of a Calvin Klein retail store is pictured, showing racks of clothing in primarily neutral colors.
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    Lintao Zhang/Getty Images for Calvin Klein via Getty Images
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    PVH reports $2.2B in Q2, but faces wholesale pressure

    While the company saw an overall revenue increase of 4%, its North American Calvin Klein business experienced a decline.

    By • Aug. 30, 2023
  • People walking down the street, past an apparel store.
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    Andrew Burton / Staff via Getty Images
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    Ann Taylor, Loft, Talbots form new KnitWell Group

    Owner Sycamore Partners acquired Talbots over a decade ago and the other KnitWell brands during Ascena's 2020 bankruptcy.

    By Daphne Howland • Aug. 30, 2023
  • Paris Lanvin window display as Part of the World Fashion Window Displays on February 20, 2015 in Paris, France.
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    Kay-Paris Fernandes via Getty Images
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    Lanvin revenue up 6.4% in the first half of the year

    Strong growth in China was tempered by a dip at the company’s namesake brand, which has been going through a creative restructuring.

    By • Aug. 30, 2023