Corporate/Finance: Page 17
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Stella McCartney losses narrow as company reports 23% revenue uptick
The company said the improvement is in line with its “trajectory towards break-even.”
By Lara Ewen • Jan. 5, 2024 -
Authentic lands licensing deal for DC Shoes
BBC International will handle global design, wholesale distribution and sourcing for the skate brand, which Authentic acquired in the Boardriders portfolio.
By Laurel Deppen • Jan. 5, 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 -
4 brands heading into 2024 without creative directors
After a carousel of designer comings and goings, a few high-profile vacancies remain as the new year begins.
By Lara Ewen • Jan. 3, 2024 -
Zulily goes out of business, plans to liquidate
The retailer has entered an assignment for the benefit of creditors, an alternative to bankruptcy, after seven months under private equity ownership.
By Nate Delesline III • Jan. 3, 2024 -
Digital Brands Group expects to earn $27M in revenue in 2024
The company, which is undergoing a strategic review, said it is working to boost shareholder value.
By Laurel Deppen • Updated Jan. 4, 2024 -
Wolverine Worldwide appoints chief supply chain officer
In the newly created role, Bishu Jayaram will be responsible for the footwear company’s sourcing, distribution and logistics.
By Laurel Deppen • Dec. 21, 2023 -
Renewcell secures $9.8M in short-term funding
The new capital comes after the textile recycling firm reported underperforming Q3 sales.
By Lara Ewen • Dec. 21, 2023 -
Frasers Group acquires Matches in $65.9M deal
The deal helps the U.K. conglomerate, which also owns Flannels, strengthen its position in the luxury market.
By Laurel Deppen • Dec. 20, 2023 -
With website down, Zulily’s future in doubt
The e-commerce retailer's website is currently "down for maintenance," following layoffs.
By Nate Delesline III • Dec. 20, 2023 -
More Gildan Activewear shareholders call for CEO reinstatement
Jarislowsky Fraser Ltd., reportedly the largest shareholder of the apparel company, is asking the board to dismiss its chairman following the decision.
By Laurel Deppen • Dec. 19, 2023 -
Farfetch and Coupang deal has consequences for luxury, e-commerce: analysts weigh in
The newly announced acquisition deal may signal a new path forward for the struggling platform, but challenges remain.
By Lara Ewen • Dec. 19, 2023 -
VF Corp. reports stolen data from cybersecurity incident
The attack last week has impacted the apparel conglomerate’s ability to fulfill orders.
By Laurel Deppen • Dec. 18, 2023 -
Farfetch to be acquired by Coupang in a $500M deal
As a result, Farfetch will be delisted from the NYSE, and its agreement to buy YOOX Net-a-Porter from Richemont has been terminated.
By Lara Ewen • Dec. 18, 2023 -
2 Gildan Activewear shareholders call for CEO reinstatement
After co-founder Glen Chamandy was ousted earlier this week, shareholders of the company are calling for changes.
By Laurel Deppen • Dec. 15, 2023 -
Temu accuses Shein of ‘mafia-style intimidation,’ imprisonment and coercion in new lawsuit
The complaint claims Shein made its fast fashion rival the target of malicious behavior intended to thwart Temu's success.
By Laurel Deppen • Dec. 15, 2023 -
Farfetch gets Moody’s downgrade
The financial firm gave the luxury e-commerce platform a rating of “poor standing” and “subject to very high credit risk” following the company’s cancellation of its Q3 earnings call.
By Laurel Deppen • Dec. 13, 2023 -
Richemont announces new president and CEO of Chloé
Laurent Malecaze, recently the top executive of Dunhill, will step into the role while Richemont seeks his replacement.
By Lara Ewen • Dec. 13, 2023 -
PVH names new president of Tommy Hilfiger North America and chief people officer
The appointments come as the company works to boost profitability for its Calvin Klein and Tommy Hilfiger brands.
By Laurel Deppen • Dec. 13, 2023 -
Uniqlo plans more than 20 new stores in North America in 2024
The Japan-based fast fashion company is expanding its retail presence in the U.S. and Canada and expects to have 200 locations open by 2027.
By Lara Ewen • Dec. 12, 2023 -
Why Macy’s investors reportedly offered $5.8B to take the department store private
The company’s real estate, and not its retail operations, are likely motivating the offer, which the would-be suitors may be willing to increase.
By Daphne Howland • Dec. 12, 2023 -
Gildan Activewear names new president and CEO
Company co-founder Glenn Chamandy, the previous CEO, released a statement saying he was terminated without cause after 40 years with the firm.
By Laurel Deppen • Dec. 11, 2023 -
Torrid Q3 net sales drop, swings to net loss
The apparel and accessories brand updated its full-year guidance again and permanently appointed Paula Dempsey as its new CFO.
By Dani James • Dec. 11, 2023 -
Amazon cuts referral fees for some apparel sellers
The retailer said the changes are meant to improve the speed of delivery and reduce total costs to serve.
By Nate Delesline III • Dec. 8, 2023 -
Lanvin Group founding chairman and CEO exits the company, effective immediately
Joann Cheng leaves after six years and took the company public on the New York Stock Exchange during her tenure.
By Lara Ewen • Dec. 8, 2023 -
Farfetch faces class-action lawsuit from shareholders over alleged false and misleading statements
The complaint serves as a backdrop for rumors that the luxury e-commerce platform plans to delist from the New York Stock Exchange.
By Laurel Deppen • Dec. 7, 2023