Corporate/Finance: Page 3

  • Mannequins are displayed in front of the Steve Madden logo
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    Laurel Deppen/Fashion Dive
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    Steve Madden wholesale boosted by accessories, apparel

    The footwear giant’s acquisition of Almost Famous last year continues to drive sales.

    By • July 31, 2024
  • Four speakers come together during a virtual event.
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    Alejandra Carranza/Fashion Dive, data from Supply Chain Dive
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    Ocean shippers need contingency plans now, experts say

    Diversifying port usage and improving visibility are among the tactics supply chains should deploy.

    By Alejandra Carranza • July 31, 2024
  • 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
  • Spools of thread on a weaving machine
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    Courtesy of Unspun
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    Unspun raises $32M for 3D weaving machines

    The company plans to expand the use of its technology to localize manufacturing capabilities across North America and Europe.

    By • July 31, 2024
  • A person lies on their side on a pink background wearing a short skirt and holding a handbag.
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    Retrieved from Miu Miu on July 30, 2024
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    Miu Miu sales surge more than 90% in H1

    The brand drove Prada Group’s revenue increases for the period, while retail sales in Japan led the company’s international growth.

    By • July 30, 2024
  • A DKNY storefront mannequin display. Four mannequins wear black, white and grey apparel, including blazers and skirts.
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    Eugene Gologursky via Getty Images
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    G-III increases stake in All We Wear Group

    The DKNY owner is seeking to expand its presence in Europe through the deal.

    By • July 29, 2024
  • A wall of shoes on display in a Skechers store. A table of shoes with a sale sign on it stands in the foreground.
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    Brandon Bell via Getty Images
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    Skechers reports 7% sales increase in another record quarter

    The company saw a significant increase in regional DTC sales for Europe, the Middle East and Africa and has authorized a $1 billion share repurchase program.

    By • July 29, 2024
  • A pair of black Ray-Ban sunglasses sits in a black case on display.
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    Justin Sullivan via Getty Images
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    EssilorLuxottica growth hindered by North America

    Overall revenue rose 3.4% in the eyewear giant’s first half but the company’s largest region remained sluggish.

    By • July 26, 2024
  • Three Indie Lee products in a line
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    Courtesy of American Exchange Group
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    American Exchange Group acquires Indie Lee

    The Aerosoles owner plans to grow the brand beyond skin care, as well as explore diffusion brands through licensing and brand expansion.

    By Howard Ruben • July 26, 2024
  • Models in orange outfits walk on a runway.
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    JP Yim via Getty Images
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    Hermès first-half revenues grew 12%

    The company saw increases in every region, including double-digit growth in Europe and the Americas, as it defied larger luxury sector trends.

    By • July 26, 2024
  • Models in plaid outerwear walk on a glass runway.
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    JP Yim via Getty Images
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    Moncler Group revenue rises 8%

    Stone Island was down, but Moncler saw strong DTC sales and year-over-year revenue growth in every region.

    By • July 25, 2024
  • Makeup and accessories displayed on a store counter.
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    Jason Kempin via Getty Images
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    Estée Lauder controller lands CFO seat amid restructuring

    Akhil Shrivastava, a nine-year company veteran, understands “the levers the company can pull to revive growth,” Morningstar analyst Dan Su writes. 

    By Maura Webber Sadovi • July 25, 2024
  • Models walk down an empty runway as seen from afar.
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    Vittorio Zunino Celotto via Getty Images
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    Zegna Group growth led by DTC

    The company announced a 6% revenue uptick in H1 despite declines at Thom Browne.

    By • July 25, 2024
  • Models in colorful clothes walk en masse during a fashion show.
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    John Phillips via Getty Images
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    Kering operating income down 42%

    Declines at Gucci, Yves Saint Laurent and the company's other fashion houses weighed on its bottom line amid luxury sector normalization.

    By • July 25, 2024
  • A person in black clothing waves to the audience while walking down a runway.
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    Tullio M. Puglia via Getty Images
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    Sergio Rossi names new creative director

    The Lanvin-owned footwear brand has appointed Paul Andrew, formerly of Salvatore Ferragamo, to helm the line.

    By • July 24, 2024
  • A model in a pouf skirt walks down a runway.
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    Pablo Cuadra via Getty Images
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    LVMH net profit dropped 14% in H1

    Overall revenue was down 1% and fashion and leather goods revenue fell 2% as increased luxury spending in Japan failed to compensate for declines in China.

    By • July 24, 2024
  • Blue, red and purple store sign saying Patagonia
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    Michael M. Santiago / Staff via Getty Images
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    Lawsuit accuses Patagonia’s customer support of violating privacy rights

    The class-action suit alleged Patagonia failed to disclose that it shares call recordings with third-party vendor Talkdesk for analysis.

    By Bryan Wassel • July 22, 2024
  • A person in a tuxedo and orange tinted glasses stands on a pastel carpet at a party.
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    Mike Coppola via Getty Images
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    Tom Ford creative director exits

    Peter Hawkings was appointed to the position in April 2023 and has been with the brand since it began in 2006.

    By • July 22, 2024
  • A closeup of a store display. A grey and pink Skechers sneaker is seen next to a purple Skechers sneaker.
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    Brandon Bell via Getty Images
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    Skechers sues LL Bean for patent infringement

    Attorneys for the footwear giant accuse the retailer of illegally using its patented "heel cup" design.

    By • July 19, 2024
  • A red sign with the Supreme logo is pictured illuminated at night.
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    The image by cchana is licensed under CC BY-SA 2.0
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    VF sells Supreme for $1.5B

    Luxury eyewear company EssilorLuxottica agreed to buy the brand, and the deal is expected to close at the end of the year.

    By • July 17, 2024
  • Models in sheer clothing and short skirts walk down a curved staircase.
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    Tristan Fewings via Getty Images
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    Kering names new president of Americas

    Ewa Abrams was promoted to the role and replaces Laurent Claquin, who was recently named group chief brand officer.

    By • July 17, 2024
  • A man in a suit strolls past a closed Ralph Lauren store in the evening.
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    Hollie Adams via Getty Images
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    Ralph Lauren hires Levi’s exec as new tech chief

    Christopher Conrad is taking over as chief digital and technology officer ahead of Janet Sherlock’s upcoming retirement.

    By Lindsey Wilkinson • July 17, 2024
  • A Cartier store with a visible logo is seen in an indoor mall.
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    Lauren DeCicca via Getty Images
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    Richemont Q1 sales down 19% in Asia Pacific

    The company posted a 1% overall sales decline as rebounds in the Americas and a strong uptick in Japan failed to compensate for weak comps out of China.

    By • July 16, 2024
  • A busy city corner with people, buildings, trees and streetposts.
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    Daphne Howland/Fashion Dive
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    Macy’s ends talks with Arkhouse and Brigade, foiling $6.9B takeover

    The firms raised their bid in June, but their financing, tied in part to Macy’s own real estate, was lacking, the department store said Monday.

    By Daphne Howland • July 16, 2024
  • A model in sunglasses and a head scarf walks the runway.
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    Joe Maher via Getty Images
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    Burberry retail revenue plummets 22% in first quarter

    The results were posted on the same day the brand named a new CEO and comes against a backdrop of continuing luxury sector challenges.

    By • July 15, 2024
  • Models in neutral toned outfits walk down a darkened runway.
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    Joe Maher via Getty Images
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    Burberry names new CEO

    Joshua Schulman replaces Jonathan Akeroyd as the luxury fashion house faces challenging economic headwinds.

    By • July 15, 2024