Corporate/Finance: Page 14

  • Hangers with the Dickies Girl logo hold t-shirts on a rack.
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    Matt Winkelmeyer via Getty Images
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    Dickies announces new vice president of global marketing

    Denise Anderson joins the workwear brand from Smartwool, also owned by VF Corp, where she spent nine years in marketing and creative roles.

    By • Feb. 28, 2024
  • Models pose together wearing Rowing Blazers apparel.
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    Courtesy of Rowing Blazers
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    Rowing Blazers sells majority stake to Burch Creative Capital

    The deal will allow the preppy streetwear brand to develop a womenswear line and expand its retail footprint. 

    By • Feb. 27, 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
  • Bulk piles of circuklose waste stacked in a warehouse.
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    Courtesy of Renewcell
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    Textile recycler Renewcell to file for bankruptcy

    The Circulose fiber manufacturer was unable to secure financing following several quarters of declining sales.

    By • Feb. 26, 2024
  • Boxes of Merrell shoes are stacked inside a store.
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    The image by Kzoo Cowboy is licensed under CC BY 2.0
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    Wolverine sees 20.8% revenue slip in Q4

    The Merrell owner is expecting further declines in the 2024 fiscal year as it moves forward with corporate restructuring.

    By • Feb. 26, 2024
  • A Gildan distribution center is pictured.
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    Courtesy of Gildan
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    Gildan Activewear sees 9% sales increase in Q4

    Vince Tyra led his first earnings call as CEO against the backdrop of a pending proxy fight following the firing of Glenn Chamandy.

    By • Feb. 23, 2024
  • Models walk on a fashion runway.
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    Pascal Le Segretain via Getty Images
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    Lanvin Group reports 1% revenue growth for 2023

    The Lanvin brand saw a 7% year-over-year decline, while the Caruso brand saw a 30% revenue increase for the period.

    By • Feb. 22, 2024
  • Timberland storefront
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    Courtesy of Timberland
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    S&P Global Ratings downgrades VF Corp, expects sale of at least one major brand

    Declines at VF’s top four labels will likely continue amid weakness in wholesale and direct-to-consumer sales — and not just at Vans.

    By Daphne Howland • Feb. 22, 2024
  • A group of models wearing Diesel walk the runway.
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    Tullio M. Puglia/Getty Images via Getty Images
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    OTB reports 9.1% sales growth to 1.8B euros

    The fiscal 2023 increase comes after a year in which the Diesel owner appointed new CEOs to several of its key brands.

    By • Feb. 21, 2024
  • At the main entrance to Macy's in New York, a gilded clock and the original "R.H. Macy & Co." sign sit above the modern logo.
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    Daphne Howland/Fashion Dive
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    Macy’s faces proxy fight after rejecting takeover bid

    Will investors be tempted by the idea of capitalizing on the department store's real estate holdings?

    By Daphne Howland • Feb. 21, 2024
  • A model walks the runway wearing rag & bone, as people watch from both sides.
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    Mackenzie Sweetnam/Getty Images via Getty Images
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    Guess and WHP to acquire Rag & Bone

    Guess will contribute $56.5 million to the deal, which is expected to close in the first half of 2024.

    By • Feb. 20, 2024
  • A Nike storefront at The Grove shopping center in Los Angeles, California.
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    Cara Salpini/Fashion Dive
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    Nike to lay off more than 1,600 employees

    On the heels of a cost-savings plan announced in December, the activewear giant confirmed it plans to cut about 2% of its total workforce.

    By Cara Salpini • Feb. 20, 2024
  • A man, José Neves, stands and smiles at the camera while wearing a black t-shirt under a blazer.
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    Pascal Le Segretain via Getty Images
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    José Neves will step down as Farfetch CEO

    The move comes two weeks after Coupang completed its acquisition of the luxury e-commerce platform.

    By • Feb. 16, 2024
  • A Children's Place storefront is pictured in a mall, with signs advertising a sale.
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    "The Children's Place" by Mike Mozart is licensed under CC BY 2.0
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    The Children’s Place may get a reprieve as investor takes majority stake

    Mithaq Capital has taken a 54% share, will nominate 11 people to the apparel retailer's board, and has offered to help shore up its liquidity.

    By Daphne Howland • Feb. 16, 2024
  • A pair of tortoise-shell Ray-Ban sunglasses sits on a lighted platform.
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    Kevin Parry via Getty Images
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    EssilorLuxottica posts steady revenue growth for third consecutive year

    The eyewear manufacturer benefited from a 5% revenue boost in the EMEA region as well as a strong demand for luxury frames in China.

    By • Feb. 15, 2024
  • The HanesBrands headquarters in North Carolina is pictured.
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    Courtesy of HanesBrands
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    HanesBrands sees sales fall 12%

    The company is looking to build on its innerwear category, as activewear sales continue to drop by double digits.

    By • Feb. 15, 2024
  • Tags on Hanes men's sleepwear items.
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    (Tim Boyle/Getty) via Getty Images
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    HanesBrands to lay off nearly 160 employees in North Carolina distribution center

    The apparel company plans to repurpose the facility as it streamlines operations.

    By Alejandra Carranza • Feb. 15, 2024
  • Caroline Brown is pictured for a professional head shot in black and white.
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    Courtesy of VF Corp. Business Wire
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    VF adds new board member, aligns with Engaged Capital

    The apparel conglomerate said it will also name another independent director in the near term as it accelerates turnaround efforts.

    By • Feb. 14, 2024
  • A person sees themself in three mirrors wearing different clothing. The person is holding a cellphone.
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    Courtesy of Temu
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    Temu asks that class action lawsuit be moved out of court

    Attorneys for the fast fashion company claim plaintiffs agreed to settle disputes through arbitration when they accepted its terms of use.

    By • Feb. 14, 2024
  • An exterior view of a Lacoste store featuring casual sportswear in the window.
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    John Sciulli via Getty Images
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    Lacoste appoints new executive vice president of global finance

    Philippe Gautier brings his experience as CFO at brands including Puma and Sergio Rossi to the France-based sportswear firm.

    By • Feb. 13, 2024
  • Picture of Hoka One One store in Los Angeles.
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    Courtesy of Hoka
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    Hoka taps 17-year Nike vet as brand president

    Robin Green, the activewear giant’s global vice president of Men’s Running and Fitness, is tasked with driving growth and innovation at Hoka.

    By Cara Salpini • Feb. 13, 2024
  • Diego Della Valle stands in front of a Tod's shoes display and speaks to a group of reporters hollding microphones and cameras.
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    Photo by Stefania M. D'Alessandro/Getty Images via Getty Images
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    Tod’s sells stake to L Catterton in a plan to take the company private

    This is the second time the luxury company attempted to delist from the Italian Stock Exchange.

    By • Feb. 12, 2024
  • Julie Legrand, Puma's director of global brand strategy.
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    Courtesy of Puma
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    Puma taps H&M vet to lead global brand strategy

    Julie Legrand, who also held senior brand and marketing positions at Procter & Gamble, joins the athletics retailer with 20 years of experience.

    By Howard Ruben • Feb. 12, 2024
  • Models stand on a dark runway holding handbags and wearing colorful outfits.
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    Pascal Le Segretain via Getty Images
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    Prada and L’Oreal sign license agreement for Miu Miu beauty line

    The first fragrances under the deal are expected to launch in 2025.

    By • Feb. 9, 2024
  • Hermès Birkin bags are on colorful stands displayed at Christie's.
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    Cindy Ord via Getty Images
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    Hermès sales outdo luxury rivals

    The company’s global resilience in the sector was aided by strong growth for its ready-to-wear segment and continued demand for its leather goods.

    By • Feb. 9, 2024
  • A closeup of an MK emblem on a shirt.
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    Photo by JP Yim/Getty Images for ELLE via Getty Images
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    Capri Q3 revenue drops 5.6%

    Michael Kors, Jimmy Choo and Versace all saw declines, which the company's CEO attributed to a softening demand for luxury goods.

    By • Feb. 9, 2024