Corporate/Finance: Page 15
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Courtesy of TrusTrace
TrusTrace upgrades forced labor screening
The platform’s supply chain tool uses AI to reduce “the likelihood of human error” and help fashion brands with regulatory compliance.
By Laurel Deppen • June 28, 2024 -
Slaven Vlasic via Getty Images
Lanvin names Peter Copping artistic director
The former head of Balenciaga couture will be the first creative lead at the luxury house since the April 2023 departure of Bruno Sialelli.
By Lara Ewen • June 27, 2024 -
Courtesy of PVH Corp.
Deep DiveCalvin Klein’s Jeremy Allen White ads turned heads, but the biggest impact may be to the brand’s image
“The Bear” star’s images generated $74 million in media impact value amid a years-long effort by holding company PVH to make the line more desirable.
By Laurel Deppen • June 27, 2024 -
Justin Sullivan via Getty Images
Temu is a ‘data-theft business,’ Arkansas attorney general says in lawsuit
The complaint alleges the fast fashion company collects users’ personal information without permission.
By Laurel Deppen • June 26, 2024 -
Daphne Howland/Fashion Dive
Lawsuit claims Nike CEO John Donahoe misled investors about the success of its DTC strategy
The lawsuit alleges that Donahoe and Chief Financial Officer Matt Friend continually touted the strength of its strategy when in fact it was “unable to generate sustainable revenue growth.”
By Cara Salpini • June 26, 2024 -
Under Armour to pay $434M to settle lawsuit that claimed Kevin Plank misled investors
If approved, the agreement requires the retailer to keep its CEO and chair roles separate for three years and instill a performance-based condition for some executive stock benefits.
By Cara Salpini • June 25, 2024 -
Eastern Mountain Sports, Bob’s Stores file for bankruptcy
The chains, in a “liquidity crisis” since their bank found them to be in default, require emergency funding to make payroll Friday.
By Daphne Howland • June 24, 2024 -
Retrieved from Saucony on June 20, 2024
Wolverine World Wide’s Saucony brand names global chief marketing officer
Joy Allen-Altimare is tasked with managing the line’s advertising strategies and growth.
By Lara Ewen • June 21, 2024 -
Courtesy of Gap Inc.
Gap Inc. names new CTO
Like CEO Richard Dickson, Sven Gerjets joins the apparel company from Mattel where he served as its chief technology officer.
By Tatiana Walk-Morris • June 20, 2024 -
Andreas Rentz via Getty Images
Authentic appoints former Adidas exec to role in Africa
As the first general manager for the region, Warren Bowers will be tasked with expanding partnerships and spearheading strategy.
By Lara Ewen • June 18, 2024 -
Daphne Howland/Fashion Dive
Nordstrom nears completion on West Coast fulfillment transition
By transitioning operations to an omnichannel center, the retailer is building on its efforts to lower fulfillment costs.
By Kelly Stroh • June 13, 2024 -
Justin Sullivan via Getty Images
Nearly 90% of consumers bought or sold used items in the last year: EBay
With sustainability at the forefront of their decision-making, the report finds that Gen Z and millennials are the top purchasers of circular fashion.
By Xanayra Marin-Lopez • June 12, 2024 -
Juan Naharro Gimenez via Getty Images
Adidas’ Yeezy Boost and Campus 00s were the most faked sneakers received by resale platform: report
StockX found in its annual verification report that apparel and sneakers were the most susceptible categories to counterfeits.
By Laurel Deppen • June 11, 2024 -
Courtesy of Mango
Mango looks to strengthen homeware line with new leader
The Barcelona-based fashion company is looking to grow its Mango Home business with product diversification as part of its goal to reach 4 billion euros in total sales by 2026.
By Laurel Deppen • June 11, 2024 -
Eugene Gologursky/Getty Images via Getty Images
G-III buys stake in All We Wear Group
The apparel group said the deal will help it accelerate expansion in Europe, primarily in Spain, Portugal and India.
By Laurel Deppen • June 10, 2024 -
Kaarin Vembar/Fashion Dive
Lululemon CEO says it missed opportunities in the women’s business in Q1
A narrow color palette and insufficient inventory in smaller sizes contributed to slower growth in the U.S., though overall revenue was still up 10%.
By Cara Salpini • June 10, 2024 -
Zoya Mirza/Fashion Dive
The fashion industry’s ‘urgent need’ for sustainable practices
It is “incumbent” on the industry to “bring new solutions forward,” said experts and stakeholders at the United Nations Fashion and Lifestyle Network annual meeting.
By Zoya Mirza • June 7, 2024 -
Craig Barritt via Getty Images
Kering appoints group chief brand officer
Laurent Claquin, who has been with the company since 2005, will take on the newly created role next month.
By Lara Ewen • June 7, 2024 -
Designer Brands acquires Canadian footwear retailer Rubino
The retailer also named a new chief marketing officer for its largest banner, DSW, as it reported flat sales for Q1.
By Nate Delesline III • June 6, 2024 -
Courtesy of PVH Corp.
CEO of Tommy Hilfiger Global, PVH Europe to step down
PVH announced Martijn Hagman’s departure on the same day it released Q1 earnings, which showed a 10% revenue decrease.
By Laurel Deppen • June 5, 2024 -
Courtesy of Renewcell
Renewcell lands buyer, will operate under new name
Following bankruptcy, the Circulose maker was acquired by Sweden-based investment firm Altor in a move to help the company “thrive on a global scale.”
By Laurel Deppen • June 5, 2024 -
Tasia Wells via Getty Images
Shinola, Filson parent appoints CEO, CMO
Steve Katzman will oversee operations at both fashion brands in the top spot at Bedrock, while Kevin Wertz, formerly of SmileDirectClub, takes the lead marketing role.
By Lara Ewen • June 4, 2024 -
Courtesy of VF Corp.
VF names global brand president of North Face
Caroline Brown, former CEO of Donna Karan International, is taking on the role after a few months on the apparel conglomerate’s board of directors.
By Laurel Deppen • June 4, 2024 -
Courtesy of Gap Inc.
Gap Inc. turns a corner as all brands notch gains in Q1
Under CEO Richard Dickson, who arrived last August, the apparel retailer is working to improve operational efficiencies as well as brand storytelling.
By Daphne Howland • June 3, 2024 -
Courtesy of VF Corp.
Former Lululemon exec to lead Vans
The hire is part of holding company VF Corp.’s transformation plan for the struggling brand.
By Laurel Deppen • May 31, 2024
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