Corporate/Finance
-
Hugo Boss launches independent recycling, reuse company
Eightyards will begin operations in January and manage the group’s waste but is eyeing expansion beyond fashion.
By Laurel Deppen • Dec. 19, 2024 -
Puig to acquire Charlotte Tilbury by 2031
The two companies’ strategic partnership will extend until Puig assumes ownership, and Charlotte Tilbury Limited will retain minority brand ownership until then.
By Lara Ewen • Dec. 18, 2024 -
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 -
9 luxury brands that made creative director changes in 2024
Some of the departing designers exited their roles for new high-profile jobs while others have not announced future plans, leaving 2025 open to even more shifts.
By Lara Ewen • Dec. 18, 2024 -
SEC charges Express with failing to disclose $1M in perks to former CEO
The agency did not impose a penalty, though, in part because the apparel retailer self-reported.
By Kaarin Moore • Dec. 18, 2024 -
L’amy eyewear extends Champion licensing agreement
In partnership with the athleticwear brand’s new owner, Authentic Brands Group, the optical and sunglass firm has agreed to continue its relationship.
By Lara Ewen • Dec. 17, 2024 -
Vera Wang sells namesake brand to WHP Global
Wang will become a shareholder and continue to lead the label’s creative direction.
By Laurel Deppen • Dec. 16, 2024 -
4 designers who moved downmarket in 2024
As younger consumers gravitate toward streetwear and shy away from luxury, new creative directors are bringing an elevated aesthetic to accessible fashion.
By Lara Ewen • Dec. 16, 2024 -
L.L. Bean confirms layoffs of up to 3% of Maine HQ workforce
The outdoor brand earlier this year announced plans to expand its store footprint, despite sales declines in 2023.
By Daphne Howland • Dec. 16, 2024 -
Need a de minimis strategy? Here are 4 questions every shipper should ask.
Shipping using Section 321 is not a good idea for every e-commerce company, logistics experts say.
By Edwin Lopez • Dec. 13, 2024 -
Bottega Veneta names Louise Trotter creative director
The designer will leave her role at Carven in early 2025 and succeeds Matthieu Blazy, who is taking on the role of artistic director of fashion activities at Chanel.
By Lara Ewen • Dec. 13, 2024 -
Materials technology firm awarded $1M grant
Rubi, which already has partnerships with H&M, Patagonia and Reformation, said it will use the funds to scale and eventually commercialize its carbon-to-cellulose platform.
By Lara Ewen • Dec. 12, 2024 -
Shein, Temu suspended from selling in Vietnam
The fast fashion companies must register their businesses with the country’s e-commerce and digital economy agencies.
By Laurel Deppen • Dec. 12, 2024 -
John Galliano to leave Maison Margiela
The designer, who has been with the OTB-owned label for a decade, did not disclose his next move and a successor has not been named.
By Lara Ewen • Dec. 11, 2024 -
G-III shares jump following better-than-expected earnings results
The Donna Karan owner reported a 2% increase in net sales in Q3.
By Laurel Deppen • Dec. 11, 2024 -
Authentic announces South Africa partnership for Ted Baker brand
The deal with Ares Holdings will include the opening of two retail stores, as well as select menswear and womenwear distribution.
By Lara Ewen • Dec. 11, 2024 -
Reebok undergoes layoffs tied to footwear business
Sparc, which runs the sportswear brand’s U.S. operations, is making cuts as it transfers some of its Reebok licenses.
By Cara Salpini • Dec. 11, 2024 -
Shein launches independent advisory boards for ESG, corporate responsibility issues
The groups will work with the fast fashion company’s leaders on how to reach the commitments it laid out in its EvoluSHEIN plan.
By Laurel Deppen • Dec. 10, 2024 -
Merrell taps Under Armour veteran as chief product officer
In addition to spending nearly 11 years at the athletics brand, Noreen Naroo-Pucci also has experience from Mizzen+Main and Calvin Klein.
By Howard Ruben • Dec. 10, 2024 -
4 luxury brands that filled empty creative seats in 2024
In some cases, vacancies lasted years. In others, roles were open for only a few months.
By Lara Ewen • Dec. 9, 2024 -
FTC cracks down on 3 clothing companies for false ‘Made in USA’ claims
The Federal Trade Commission is refunding $140,000 to consumers after the New England-based companies lied about where they manufactured their products.
By Joelle Anselmo • Dec. 9, 2024 -
Nike was the top brand for influencer marketing in the US this year
Luxury, fast fashion and athleticwear brands all ranked highly for social media content reach and engagement, according to a report from Traackr.
By Laurel Deppen • Dec. 6, 2024 -
PVH names new CEO of Americas
The Calvin Klein and Tommy Hilfiger parent company announced the hire along with its Q3 earnings, in which it saw revenue decline 5%.
By Laurel Deppen • Dec. 5, 2024 -
Joseph Altuzarra to become CEO of his namesake company
The founder and creative director will take on the role at the beginning of 2025, succeeding Shira Sue Carmi, who will take a seat on the company’s board.
By Lara Ewen • Dec. 3, 2024 -
DEI failures contributed to a drop in stock prices, Lululemon shareholder alleges
Lululemon’s DEI initiative was “misguided” and its structure raised ethical concerns, the shareholder said in a derivative action lawsuit filed on behalf of the company.
By Emilie Shumway • Dec. 3, 2024 -
Lee steps into footwear through new licensing deal
A new collection of men’s shoes will launch in the second half of 2025 through an agreement with Jack Schwartz Shoes.
By Laurel Deppen • Dec. 2, 2024