Corporate/Finance: Page 22

  • Lit-up store windows show mannequins wearing apparel, including dresses on the left and jeans and a jacket on the right. The banner name "J.Jill" is above and to each side of the door.
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    Courtesy of J. Jill
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    J. Jill refinances long-term debt, plans new POS

    After warning of potential bankruptcy in 2020, the retailer is now focused on investments to enhance its omnichannel capabilities.

    By Nate Delesline III • June 8, 2023
  • A tan swatch of mycelium leather against a teal background.
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    Courtesy of Ecovative
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    Mycelium technology company Ecovative raises over $30M

    The company plans to increase production of its Forager line of hides and flexible foams ahead of new brand partner footwear and apparel launches.

    By • Updated June 8, 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 dark brown building exterior with Sorel logo in white
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    Courtesy of Sorel / Columbia Sportswear Company
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    Sorel brand president resigns to focus on health

    Columbia Sportswear Company announced that Mark Nenow stepped down from the footwear brand after about eight years in the position.

    By Dani James • June 6, 2023
  • A magenta pullover with teal trim on the left, compared to a white fleece pullover with bright pink and blue trim.
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    Retrieved from Patagonia lawsuit v Gap Inc. filed at the U.S. District Court for the Northern District of California. on November 28, 2022
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    Patagonia and Gap settle pullover fleece design lawsuit

    Patagonia had accused Gap of deliberately copying its apparel designs and logos, saying they confused customers.

    By Nate Delesline III • June 5, 2023
  • A Dr. Martens storefront on Abbot Kinney Boulevard in California.
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    Cara Salpini/Fashion Dive
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    Dr. Martens reaches revenue milestone while sales in the Americas disappoint

    The footwear company attributed its struggle in the region to a poor transition of distribution centers and its marketing campaigns.

    By Dani James • June 2, 2023
  • A shirt tag on the left, with Patagonia brand and size. On the right, a laundry-care tag.
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    Retrieved from Patagonia v Nordstrom, U.S. District Court for the Central District of California Western Division - Los Angeles on May 31, 2023
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    Patagonia sues Nordstrom, claiming counterfeit sales at Rack

    The brand recently stopped selling via the department store and its off-price stores and discovered the alleged fakes this year, per court documents.

    By Daphne Howland • June 1, 2023
  • A pair of black, blue and white converse shoes on a white background
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    Permission granted by Nike
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    Converse taps North America VP as new CEO

    Nearly a dozen people have changed roles in the retailer’s executive ranks in recent months.

    By Nate Delesline III • May 31, 2023
  • Exterior view of a Bally Boutique fashion store at night in Zurich, Switzerland.
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    Remy Steiner via Getty Images
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    Simone Bellotti named design director of Bally

    He moves into the top design role in the wake of Rhuigi Villaseñor’s sudden departure earlier this month.

    By • May 31, 2023
  • Journeys store front
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    "Journeys" by Bentley Mall is licensed under CC BY 1.0 / Edited by https://commons.wikimedia.org/w/index.php?title=User:BentleyMall&action=edit&redlink=1/Fashion Dive
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    Journeys to close 100 stores this year, move away from malls

    The number is up from a previous estimate of 60 locations and will save up to $40 million, according to parent company Genesco.

    By Tatiana Walk-Morris • May 30, 2023
  • A building with a pitched roof and "Athleta" in big block letters is seen at a slant from below.
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    Daphne Howland/Fashion Dive
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    Gap Inc. losses shrink in Q1 as sales continue to slide

    Major cost cuts, including the elimination of some 2,300 jobs in recent months, are helping stabilize the bottom line.

    By Daphne Howland • May 26, 2023
  • A black-and-white handbag is seen being held on the Chanel runway.
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    https://www.gettyimages.com/detail/news-photo/model-bag-detail-walks-the-runway-during-the-chanel-news-photo/1471870476?adppopup=true via Getty Images
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    Chanel sales rise to a record $17B

    The privately owned luxury house plans to increase its workforce and expand its London headquarters in the coming year.

    By • May 25, 2023
  • A headshot of Nike executive Craig Williams against a grey background.
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    Courtesy of Nike
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    In massive executive shuffle, Nike names new Jordan president

    Craig Williams will take on a new role as president of geographies and marketplace, while Sarah Mensah takes on Jordan. The retailer also named a new head of North America.

    By Cara Salpini • May 25, 2023
  • A Chanel sign is pictured outside of its retail store
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    Drew Angerer/Getty Images via Getty Images
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    Chanel buys partial stake of Italian yarn maker Cariaggi

    The French luxury fashion house teamed up with Brunello Cucinelli in a joint agreement, with both now owning 24.5% of the natural fibers supplier.

    By • May 24, 2023
  • Helena Helmersson speaks at a fashion summit.
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    Ole Jensen/Getty Images for Copenhagen Fashion Summit via Getty Images
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    H&M CEO Helena Helmersson named Fashion Pact co-chair

    The group, led by 15 fashion CEOs, includes representatives of brands, retailers and suppliers committed to reducing the industry’s carbon footprint.

    By • May 23, 2023
  • Canada Goose's first footwear campaign
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    Courtesy of Canada Goose
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    Canada Goose revenue jumps in Q4 as it focuses on DTC

    The brand is leaning into its direct-to-consumer channel, which saw sales increase 22.6% in the period, as it plans to open 16 stores in fiscal 2024.

    By Dani James • May 19, 2023
  • A Shein store is pictured.
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    Xavi Torrent/Getty Images for SHEIN via Getty Images
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    Shein raises $2B but valuation drops: WSJ

    Despite the new funding, the fast fashion giant’s value has reportedly decreased to $66 billion.

    By • Updated May 18, 2023
  • Burberry handbags sit in a store window reflecting a grey day.
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    Hollie Adams via Getty Images
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    Burberry sales rebound despite weak US showing

    The fourth quarter boost was aided by a comeback in China, the luxury company’s biggest market.

    By • May 18, 2023
  • A Scotch & Soda storefront in Berlin
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    Courtesy of Scotch & Soda
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    B. Riley acquires equity interest in Scotch & Soda through Bluestar

    The arrangement solidifies financial ties between the financial group and the brand management company, and adds to a growing stable of fashion labels under their control.

    By • Updated May 17, 2023
  • A black-and-white picture of a man in a black leather suit jacket, white t-shirt and jeans standing at an angle and staring moodily at the camera
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    Courtesy of Bally
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    Bally’s creative director is out

    Rhuigi Villaseñor is leaving just over a year after joining the Swiss luxury fashion house.

    By • May 17, 2023
  • A the interior of a store glows through the front windows, with a sign reading "Bonobos" in white capital letters above.
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    Courtesy of Express, Inc. and WHP Global
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    Deep Dive

    What’s behind Walmart’s DTC selloffs?

    The retail giant has been ditching its e-commerce acquisitions for years to refocus on its core. But it could also mean a fresh start for Eloquii and Bonobos.

    By Dani James • May 17, 2023
  • Arched doorway leading to a storefront with the words maison margiela on it. An iron chandelier hangs in the foreground.
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    Vittorio Zunino Celotto via Getty Images
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    Maison Margiela CEO resigns

    Gianfranco Gianangeli has led the OTB-owned house since 2020, and a successor has not been named.

    By • May 12, 2023
  • Kanye West at Milk Studios
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    Jonathan Leibson / Stringer via Getty Images
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    Adidas plans to sell some of its Yeezy inventory and donate the money

    CEO Bjørn Gulden said Thursday that burning the $1.3 billion worth of products was not the solution.

    By Cara Salpini • May 12, 2023
  • Prada storefront in New York City.
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    Kaarin Vembar/Fashion Dive
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    Prada Group Q1 sales soared to over $1.16B

    The surge was driven by strong retail sales and growth for the Miu Miu brand, which was up 42%.

    By • May 12, 2023
  • Gold tone glass window with the words tapestry, coach, Kate spade and Stuart Weitzman etched on it.
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    Daphne Howland/Fashion Dive
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    Tapestry’s Q3 revenue growth fueled by young consumers

    The company says it acquired 1.2 million new customers in North America, approximately half of whom were Gen Z and millennials.

    By • May 12, 2023
  • People walking outside a Sperry shoe store during the day.
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    Jason Squires via Getty Images
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    Wolverine is ‘exploring strategic alternatives’ for Sperry

    CEO Brendan Hoffman said during an earnings call that the footwear company needs to focus on its core brands, including Merrell, Saucony and Sweaty Betty.

    By • May 11, 2023