Corporate/Finance: Page 16

  • A Wall St. sign with American flags in the background next to the New York Stock Exchange (NYSE).
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    Spencer Platt via Getty Images
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    Amer Sports eyes $8.7B valuation in IPO

    The athleticwear brand, which owns Wilson and Arc’teryx, is looking to raise up to $1.8 billion in its public market debut.

    By Nate Delesline III • Jan. 25, 2024
  • A person with long hair and a polka-dotted shirt smiles.
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    Courtesy of Designer Brands
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    Everlane CEO jumps to Designer Brands

    Andrea O'Donnell, who was named brands chief, has a range of merchandising and brand-building experience, including at Deckers and LVMH-owned DFS Group.

    By Daphne Howland • Jan. 24, 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
  • A pair of fur-lined Birkenstocks are pictured in a wooden box display.
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    Photo by Jeff Schear/Getty Images for Birkenstock via Getty Images
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    Despite stock slide, Birkenstock is positioned for growth: analysts

    Company executives said the footwear brand has room for pricing adjustments to help offset inflation effects on the bottom line.

    By • Jan. 24, 2024
  • An exterior corner of a Macy's store.
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    Daphne Howland/Fashion Dive
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    Macy’s to cut 3.5% of its workforce, close 5 mall anchors

    The moves come as Tony Spring prepares to take the reins from CEO Jeff Gennette, who said a year ago that store closures were mostly complete.

    By Daphne Howland • Jan. 22, 2024
  • In a city garden, a metal globe is in the background and crowds watch models on a runway.
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    Kristy Sparow via Getty Images
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    Tracker

    The luxury fashion earnings calendar

    Fashion Dive has put together a list of luxury fashion financial reporting dates to help keep track of the sector.

    Updated Nov. 19, 2024
  • A Gildan knitting facility.
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    Courtesy of Gildan
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    Gildan defends its decision to fire CEO

    The activewear firm has faced pressure from several investors to reinstate Glenn Chamandy after announcing a replacement last month.

    By • Jan. 19, 2024
  • Five pieces of clothing, with a cardboard box to the right that says "Stitch Fix."
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    Courtesy of Stitch Fix
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    Stitch Fix ends full-time work for stylists, lays off some leads

    The apparel box retailer has kept a tight grip on expenses, but its sales and customer base continue to shrink.

    By Daphne Howland • Jan. 19, 2024
  • A ring in a red Cartier jewelry box sits on a counter.
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    Andrew H. Walker via Getty Images
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    Richemont bucks larger luxury slowdown with 4% sales boost for Q3

    China helped boost numbers for the period, and jewelry and watches lifted retail, while the company reiterated plans to find a new buyer for Yoox Net-a-Porter.

    By • Jan. 18, 2024
  • A shot of Lululemon Global Creative Director Jonathan Cheung in a brand sweater and jacket against a white background.
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    Courtesy of Lululemon
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    Lululemon taps new global creative director

    Jonathan Cheung is taking on the role, while JJ Collier joins the athleticwear brand in the newly created position of vice president of design for outerwear.

    By Cara Salpini • Jan. 17, 2024
  • Two people hold hands and face the camera wearing gray suits, flanked by models also wearing gray suiting separates.
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    Andreas Rentz via Getty Images
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    Hugo Boss preliminary sales up 15% for 2023

    Robust Q4 sales in the Americas and Asia helped the company avoid the slump hitting other luxury brands.

    By • Jan. 17, 2024
  • A Uniqlo store is pictured while patrons walk through it.
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    Mario Tama/Getty Images via Getty Images
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    Uniqlo sues Shein over viral mini shoulder bag

    Fast Retailing-owned Uniqlo is asking Shein to cease its production of the alleged dupe.

    By • Updated Jan. 16, 2024
  • The interior of an Under Armour store in Houston, Texas.
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    Brandon Bell via Getty Images
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    Under Armour taps new chief product officer, head of Americas

    Industry veteran Yassine Saidi will take over product, and Kara Trent will replace David Baxter in the brand’s largest region. 

    By Cara Salpini • Jan. 16, 2024
  • A lit Burberry storefront as seen in the evening on an empty street.
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    Retrieved from Burberry on January 12, 2024
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    Burberry issues early profit warning

    An overall luxury sector decline and weak December sales will produce lower-than-expected results and impact the company’s fiscal year.

    By • Jan. 12, 2024
  • A crowd of spectators raise their cell phones to record the events taking place at the Concept Korea fashion show during New York Fashion Week.
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    Arturo Holmes via Getty Images
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    Deep Dive

    7 fashion industry trends to watch in 2024

    The coming year will bring fast fashion battles, more mergers and acquisitions, an evolution of luxury and a presidential election, and that’s just for starters.

    By Laurel Deppen and Lara Ewen • Jan. 12, 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 executive Andrew Campion to exit after 17 years

    The former COO and CFO will depart to a job in higher education, as the retailer undergoes efforts to streamline the organization.

    By Nate Delesline III • Jan. 12, 2024
  • Two people on a sailboat during sunset stare the camera. One is sitting and one is standing.
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    Permission granted by Sperry
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    Authentic buys Sperry from Wolverine for $70M

    Aldo Group will handle the struggling boat shoe brand’s North American wholesale and retail operations as well as design, production and global distribution.

    By • Updated Jan. 11, 2024
  • The mall entrance of a brightly light "Forever 21" store.
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    "Forever 21" by Mike Mozart is licensed under CC BY 2.0
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    Authentic CEO: Buying Forever 21 ‘biggest mistake I made’

    Jamie Salter also says Shein makes “a lot more than $30 billion” and hinted that the brand licensing firm could IPO in the next 18 months.

    By Cara Salpini • Jan. 11, 2024
  • The Nike "swoosh" on the side of a building, with another building seen behind it.
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    Daphne Howland/Fashion Dive
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    Nike, Tiger Woods end partnership after 27 years

    For nearly three decades, Woods was wearing Nike during some of his most memorable athletic achievements.

    By Nate Delesline III • Jan. 10, 2024
  • Mannequins are seen through the windows of a storefront for What Goes Around Comes Around.
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    Bryan Bedder/Getty Images for Rachel Zoe via Getty Images
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    5 fashion lawsuits to watch in 2024

    As the new year begins, some years-old fashion cases are going to trial, and newer cases may be changing venues.

    By • Jan. 10, 2024
  • Two runners in athleticwear jog down a suburban street.
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    Retrieved from Wolverine Worldwide on January 10, 2024
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    Wolverine reports Q4 revenue of $527 million

    The company said numbers from its preliminary 2023 financial results were in-line with its November guidance, and added that both its inventory and debt had been reduced.

    By • Jan. 10, 2024
  • A model stands against a blank white background wearing a floor-length black coat.
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    Retrieved from Courtesy of Balenciaga on January 09, 2024
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    Biomaterials firm backed by Kering raises 11 million euros

    Mogu Srl has completed Series A funding and plans to launch a demo production plant, expand its team and increase its research and development efforts.

    By • Jan. 9, 2024
  • A Rent the Runway sign is pictured.
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    Michael M. Santiago/Getty Images via Getty Images
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    Rent the Runway to cut 10% of its corporate workforce, COO resigns

    The designer rental service is launching a restructuring plan, which it says will result in $11 million to $13 million in annualized run rate cash savings.

    By • Jan. 9, 2024
  • A brick entrance to a corner apparel store.
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    Daphne Howland/Fashion Dive
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    Chico’s CEO out as brands join Sycamore holding company

    Molly Langenstein took over the top job four years ago amid slumping sales and a tumultuous period for the women’s apparel company.

    By Daphne Howland • Jan. 9, 2024
  • A close up of a person holding a pink Chanel bag with the logo displayed.
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    Pascal Le Segretain/Getty Images via Getty Images
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    Legal fight between Chanel and What Goes Around Comes Around continues

    The French house accused the luxury reseller of false advertising and misleading use of Chanel’s trademarks.

    By • Jan. 8, 2024
  • A small hanging store sign reads "Chico's."
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    Daphne Howland/Fashion Dive
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    Chico’s joins Sycamore’s KnitWell Group

    Last year the private equity firm announced it would acquire the apparel conglomerate for $1 billion.

    By Daphne Howland • Jan. 8, 2024