Corporate/Finance: Page 3
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Donatella Versace stepping down as chief creative officer of Versace
Dario Vitale will take over the role as part of a succession plan, according to brand owner Capri Holdings.
By Laurel Deppen • March 13, 2025 -
Fashion industry ‘nervous’ over potential Vietnam tariffs
Though the region isn’t as large of a sourcing hub as China, experts say duties on Vietnam would create headwinds for footwear and apparel companies.
By Laurel Deppen • March 13, 2025 -
Retailers to continue frontloading amid tariff tumult: forecast
A sustained cargo surge at U.S. ports will continue as Trump administration policy uncertainty continues, per the National Retail Federation and Hackett Associates' Global Port Tracker.
By Philip Neuffer • March 12, 2025 -
Rowing Blazers founder steps down
Jack Carlson is leaving the preppy streetwear brand one year after selling it to Burch Creative Capital.
By Laurel Deppen • March 12, 2025 -
Nike, StockX counterfeit lawsuit will head to trial
A federal judge granted the athleticwear giant a partial summary judgment in the years-long dispute.
By Laurel Deppen • March 11, 2025 -
Simone Bellotti named creative director at Jil Sander
The former design director of Bally replaces husband-and-wife team Lucie and Luke Meier, who announced their departure from the brand last month.
By Lara Ewen • March 10, 2025 -
Retrieved from Zelinda Zanichelli/Carven on March 10, 2025
Carven names Mark Thomas as director of design
He replaces Louise Trotter, who became creative director of Bottega Veneta.
By Lara Ewen • March 10, 2025 -
Adidas: There is ‘not one Yeezy shoe left in our inventory’
CEO Bjørn Gulden also confirmed 500 jobs at its headquarters are now “obsolete” as it looks to localize operations.
By Cara Salpini • March 10, 2025 -
Forever 21 will lay off nearly 700, close headquarters
Nine stores in California and Pennsylvania will close, as Catalyst Brands, which owns the brand’s operations, explores its options.
By Daphne Howland • March 5, 2025 -
Prada Group revenue skyrockets in 2024
The dramatic results came from double-digit retail growth in nearly every region and reflect a 93% increase at Miu Miu.
By Lara Ewen • March 4, 2025 -
J. Jill taps former Ralph Lauren merchant as CEO
Mary Ellen Coyne’s three decades-plus of retail experience also includes her recent stint as chief executive of J. McLaughlin.
By Daphne Howland • March 3, 2025 -
Lanvin Group closes stores amid a double-digit revenue decline
The Wolford and Sergio Rossi parent company reported a 23% drop for fiscal 2024 as new creative and leadership appointments look to change momentum.
By Lara Ewen • Feb. 28, 2025 -
Giuseppe Zanotti reacquires minority stake in namesake brand
The footwear designer bought back a 30% share from LVMH-backed private equity firm L Catteron, which purchased the shares in 2014.
By Lara Ewen • Feb. 28, 2025 -
Canada and Mexico tariffs will take effect March 4, Trump confirms
The president will also impose an additional 10% import tax on China next week and hinted at plans to soon levy 25% duties on the European Union.
By Philip Neuffer • Feb. 28, 2025 -
Jil Sander creative director team exits
Lucie and Luke Meier, who have been with the OTB-owned luxury label since 2017, announced their departure following their fall-winter 2025 runway show.
By Lara Ewen • Feb. 27, 2025 -
"Saks Fifth Avenue, Off 5th Outlet Factory Store , Clinton CT" by Mike Mozart is licensed under CC BY 2.0
Neiman Marcus deal triggers another round of layoffs at Saks Global
The company in July also downsized operations in anticipation of the $2.7 billion acquisition, which closed at the end of last year.
By Daphne Howland • Feb. 27, 2025 -
Steve Madden is ‘cautious’ in the near term due to tariff hikes
Despite the potential impact, the company still expects revenue to grow in 2025, including the results of the newly acquired Kurt Geiger brand.
By Laurel Deppen • Feb. 26, 2025 -
Authentic signs license agreement for Quiksilver
Velocity, which also makes Lucky workwear, will be responsible for reviving the boardsports brand’s womenswear line in the U.S. and Canada.
By Lara Ewen • Feb. 26, 2025 -
Retrieved from Kontoor Brands on February 25, 2025
Kontoor Brands expects revenue growth in 2025, but shares slip
The Wrangler and Lee parent company’s outlook doesn’t include the projected impact of the newly acquired Helly Hansen brand.
By Laurel Deppen • Feb. 25, 2025 -
Saks Global’s vendor trouble hints at financial vulnerability
Revenue targets depend on mending relationships with suppliers, analysts say. A memo from CEO Marc Metrick may have made things worse.
By Daphne Howland • Feb. 25, 2025 -
J.C. Penney, Eddie Bauer operator lays off 5% of corporate staff
About 250 people at Catalyst Brands, which also runs Aéropostale, Brooks Brothers, Nautica and Lucky Brand, were let go.
By Daphne Howland • Feb. 24, 2025 -
"Exterior view of historic Neiman Marcus flagship store in Dallas, Texas as seen from Commerce Street." by Dfwcre8tive is licensed under CC BY 3.0
Saks Global to close century-old Neiman Marcus flagship in downtown Dallas
The luxury department store's new owner will spend $100 million to renovate an anchor location at the nearby NorthPark Center mall.
By Daphne Howland • Feb. 21, 2025 -
Retrieved from Wolverine World Wide on February 21, 2025
Wolverine expects bounce-back year in 2025
CEO Chris Hufnagel credited the better-than-expected Q4 results to execution of the company’s previously announced restructuring plan.
By Laurel Deppen • Updated Feb. 21, 2025 -
Gildan announces CFO succession plan, new executive position
The company announced the leadership changes on the same day it posted Q4 results showing a 5% year-over-year rise in net sales.
By Laurel Deppen • Feb. 20, 2025 -
Wrangler parent company to buy Helly Hansen
In a $900 million deal, Kontoor Brands will acquire the brand from Canadian Tire Corporation.
By Laurel Deppen • Feb. 20, 2025