Corporate/Finance: Page 10
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Francois Durand via Getty Images
LVMH continues to be hit by luxury sector challenges
Fashion and leather goods revenue was down 6% for the third quarter due in part to softening demand throughout Asia.
By Lara Ewen • Oct. 16, 2024 -
Alessandro Levati via Getty Images
Lorenzo Serafini named creative director of Alberta Ferretti
The former Ferretti diffusion line designer replaces the brand’s founder, who stepped down from her role in September after 24 years.
By Lara Ewen • Oct. 16, 2024 -
Courtesy of Altuzarra
Altuzarra and P180 to launch online rental
The brand is partnering with a firm co-founded by former Wolverine CEO Brendan Hoffman to change the way consumers engage with luxury fashion.
By Lara Ewen • Oct. 15, 2024 -
Courtesy of Foot Locker
Nike shakeup continues with appointment of new North America chief
A week after a new CEO arrives, Tom Peddie shifts from vice president of marketplace partners to replace Scott Uzzell, who is leaving.
By Daphne Howland • Oct. 14, 2024 -
Retrieved from Modern Meadow on October 14, 2024
Sustainable materials firm Modern Meadow names new CEO
David Williamson will take on the top spot after previously serving as president and COO.
By Laurel Deppen • Oct. 14, 2024 -
Amy Sussman via Getty Images
Mulberry majority shareholder rejects second acquisition bid from Frasers
Despite an increased offer, the luxury fashion brand’s shareholder said it “has no interest” in selling its shares to the minority shareholder.
By Lara Ewen • Updated Oct. 15, 2024 -
Authentic Brands Group, Saks team up on luxury joint venture
Growth of a slew of Authentic-owned labels will follow the pattern set by Barneys New York, which the brand-management firm acquired in 2019.
By Daphne Howland • Oct. 11, 2024 -
Courtesy of Woolrich
Todd Snyder’s Black Label Collection launches
The 65-piece collection is the designer’s first since taking over as creative director for the new Woolrich line last year.
By Hayley Lind • Oct. 10, 2024 -
Retrieved from Vestiaire Collective on October 10, 2024
Vestiaire Collective launches AI search tools, names new CTO
In addition to the new hire, the luxury resale platform added Jim Freeman to its board, who worked at Amazon.
By Howard Ruben • Oct. 10, 2024 -
Courtesy of H&M
H&M to phase out new down fiber
The fast fashion company said it will only source feathers from post-consumer recycled sources.
By Laurel Deppen • Oct. 10, 2024 -
Courtesy of Nuuly
URBN prioritizes Nuuly’s growth with logistics investments
The retailer plans to add more automation to its Missouri fulfillment center to accelerate the rental brand’s order processing.
By Alejandra Carranza • Oct. 10, 2024 -
John Phillips/Getty Images for Gucci via Getty Images
Gucci names Stefano Cantino new CEO
He will lead the brand starting in the new year, after joining the Kering-owned luxury house in May.
By Laurel Deppen • Oct. 8, 2024 -
Daphne Howland/Fashion Dive
Another rough year for department stores
The segment is undergoing a quiet shakeup in 2024, with major players pursuing varying degrees of change to their operations.
By Daphne Howland • Oct. 8, 2024 -
Courtesy of Richemont
Richemont sells Yoox Net-A-Porter for $610M
The luxury house sold the segment to Mytheresa and will gain a 33% stake in the e-commerce company.
By Laurel Deppen • Oct. 7, 2024 -
"A counterfeit Giorgio Armani t-shirt" by Max Ronnersjö is licensed under CC BY 3.0 / Edited by Nate Delesline/Fashion Dive
AAFA pushes again for Facebook, Instagram to join the notorious markets list
One association member said Meta’s social platforms “pose the most significant threat” to its IP and brand integrity of any global platform.
By Nate Delesline III • Oct. 7, 2024 -
Courtesy of Everlane
Fear of God, Pacsun veteran to lead Everlane
Alfred Chang will take over as chief executive nearly a year after Andrea O’Donnell left the post to join footwear retailer Designer Brands.
By Daphne Howland • Oct. 3, 2024 -
Courtesy of Authentic Brands Group
Authentic names licensing, management partners for Champion
The new partners were announced after HanesBrands’ sale of the activewear brand closed.
By Laurel Deppen • Oct. 2, 2024 -
Tristan Fewings via Getty Images
Michael Rider named creative director of Céline
The designer replaces Hedi Slimane, who leaves the role after nearly seven years with the LVMH-owned luxury house.
By Lara Ewen • Oct. 2, 2024 -
Arturo Holmes via Getty Images
Fashion trade shows to watch in 2025
These conferences, conventions and runway presentations connect buyers, designers, executives and insiders with the trends that shape the industry’s future.
By Lara Ewen • Updated Jan. 27, 2025 -
JP Yi via Getty Images
LVMH sells Off-White to Bluestar Alliance
The New York-based brand management company said the acquisition allows it to build on the legacy of label founder Virgil Abloh, who died in 2021.
By Lara Ewen • Sept. 30, 2024 -
Johannes Simon via Getty Images
Nonprofit announces program to help fashion brands navigate EU legislation
Fair Wear will launch the HRDD Academy for global garment and footwear brands of all sizes.
By Laurel Deppen • Sept. 30, 2024 -
Permission granted by Neiman Marcus Group
Collaborative leadership and the gift of feedback: Bergdorf Goodman CFO Aaron Peterson
The luxury retailer’s CFO talks about the importance of cross-collaboration within finance, challenging an entrenched culture and his additional FP&A role at parent company Neiman Marcus Group.
By Adam Zaki • Sept. 30, 2024 -
Ralph Orlowski via Getty Images
Ex-Guess Inc CFO takes top financial seat at Puma
Guess alum Markus Neubrand will replace 19-year Puma veteran Hubert Hinterseher as CFO next month as the brand continues efforts to improve its desirability.
By Grace Noto • Sept. 27, 2024 -
Andrew H. Walker via Getty Images
PVH faces China investigation for alleged Xinjiang cotton boycott
The country is accusing the Calvin Klein and Tommy Hilfiger parent company of violating normal market trading practices.
By Laurel Deppen • Sept. 26, 2024 -
Ernesto Ruscio via Getty Images
Goyard, Prada among top counterfeited brands: report
AI authentication platform Entrupy released its annual State of Fake report, which examined trends in imitation items for luxury goods and sneakers.
By Laurel Deppen • Sept. 25, 2024
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