Corporate/Finance: Page 18
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Vittorio Zunino Celotto via Getty Images
Zegna Group revenue up 8.1% in Q1
Thom Browne revenue fell more than 30% due to DTC challenges in China, wholesale streamlining and updated delivery timing.
By Lara Ewen • April 23, 2024 -
Courtesy of Gildan
Gildan to replace 5 members of its board ahead of annual meeting
The move is a tactic by the activewear company to show it’s compromising in the midst of a proxy battle, an analyst said.
By Laurel Deppen • April 23, 2024 -
Courtesy of Nike
Second phase of Nike layoffs to hit Oregon headquarters this summer
After the job cuts, effective June 28, about 740 employees will have been impacted in the athleticwear brand’s home state.
By Cara Salpini • April 23, 2024 -
Drew Angerer via Getty Images
FTC sues to block Tapestry’s $8.5B acquisition of Capri Holdings
The commission alleges the deal prevents competition between brands at both companies and gives Tapestry a dominant share of the “accessible luxury” handbag market.
By Lara Ewen • April 22, 2024 -
Rick Diamond/WireImage via Getty Images
EssilorLuxottica growth slows in Q1 as North America revenue lags
The luxury eyewear company saw modest gains, but noted that strong earnings in 2023 made comparisons challenging.
By Lara Ewen • April 19, 2024 -
Courtesy of Gildan
New Gildan CEO announces strategic plan, preliminary Q1 revenue
The activewear company, which is weighing potential sale bids in the midst of a proxy battle, expects a 1% revenue decline.
By Laurel Deppen • April 18, 2024 -
Courtesy of Adidas
Adidas raises guidance for the year as Yeezy leftovers keep on giving
But the sneaker giant is building momentum beyond the now-discontinued sub-brand, and CEO Bjørn Gulden’s turnaround seems to be taking hold.
By Daphne Howland • April 18, 2024 -
Kristy Sparow via Getty Images
LVMH revenue falls 2% in Q1
The company’s fashion and leather goods division was down year over year following record-breaking profits in fiscal 2023.
By Lara Ewen • April 17, 2024 -
Cate Gillon/Getty Images via Getty Images
Crocs shrinking shoes lawsuit to move forward
The footwear company had asked the court to dismiss a class action lawsuit that accused it of false advertising and misrepresentation.
By Laurel Deppen • April 17, 2024 -
Gareth Cattermole/Getty Images via Getty Images
Dr. Martens CEO to step down amid ‘challenging’ fiscal year outlook
Kenny Wilson will be succeeded by Ije Nwokorie, the footwear company’s chief brand officer.
By Laurel Deppen • April 16, 2024 -
Justin Sullivan/Getty Images via Getty Images
Urban Outfitters granted favorable verdict in trade secrets legal fight
Now-defunct rental service Le Tote, which considered a sale to the fashion giant, said the Nuuly owner violated unfair competition rules.
By Laurel Deppen • April 15, 2024 -
Daphne Howland/Fashion Dive
Levi’s taps Burberry veteran to lead DTC push
Gianluca Flore, who has also had leadership roles at Kering and Bottega Veneta, will oversee all of the denim brand’s selling channels globally.
By Daphne Howland • April 15, 2024 -
Permission granted by Rent the Runway
Rent the Runway turns to resale, advertising in renewed growth push
The apparel rental service beat expectations in Q4 and struck a note of confidence, saying its restructuring earlier this year wasn’t just about cuts.
By Daphne Howland • April 12, 2024 -
Michael M. Santiago/Getty Images via Getty Images
Gucci appoints deputy CEO
In the newly created role, Stefano Cantino will report to Jean-François Palus, who was named president and CEO in 2023.
By Laurel Deppen • April 12, 2024 -
Daphne Howland/Fashion Dive
Nordstrom taps company veteran to lead Rack merchandising
Lori Marten has held various merchandising roles at the department store for nearly 30 years, and will join the off-price unit later this month.
By Daphne Howland • April 11, 2024 -
Courtesy of Shein
Shein has copyright infringement ‘baked into’ its business model: class action lawsuit
The complaint is the latest to claim the fast fashion company steals designs from independent artists.
By Laurel Deppen • Updated April 10, 2024 -
Thanaphong Araveeporn via Getty Images
Apparel execs urge sourcing diversification amid geopolitical risks
Executives at an American Apparel & Footwear Association event underscored the need to find alternative sourcing as U.S.-China relations continue to fray.
By Ben Unglesbee • April 9, 2024 -
Andrii Kozlytskyi via Getty Images
Majority of brands won’t meet their emissions goals: report
About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.
By Lauren Schenkman • April 9, 2024 -
Drew Angerer/Getty Images via Getty Images
Coach files trademark and unfair competition complaint against Gap
Attorneys for the Tapestry-owned brand say some Old Navy-branded T-shirts are meant to make consumers think “there is a connection or association between” the brands.
By Laurel Deppen • April 8, 2024 -
Photo Illustration by Drew Angerer via Getty Images
Shein, Temu have high customer overlap with TikTok Shop: report
Even while facing a potential ban in the U.S., an Earnest Analytics report finds the platform is dominating social shopping.
By Tatiana Walk-Morris • April 8, 2024 -
Courtesy of Ermenegildo Zegna Group
Zegna Group reports fiscal 2023 gross profit of $1.3B
The company confirmed February preliminary revenue while also announcing a 108% year-over-year profit increase.
By Lara Ewen • April 5, 2024 -
Daphne Howland/Fashion Dive
Levi’s gains momentum as Beyoncé name-checks the brand on her new album
Despite Q1 revenue declines and a net loss, the denim maker noted strength in the U.S., its largest market, and other reasons for optimism.
By Daphne Howland • April 5, 2024 -
Courtesy of Hurley
Hurley inks licensing deal for upcoming women’s sportswear and activewear line
The surf, skate and snow brand is partnering with Mamiye Brothers for a spring 2025 release.
By Laurel Deppen • April 4, 2024 -
Feng Li via Getty Images
Nike commits to bolder brand marketing as part of rebound plan
The Summer Olympics will serve as a showcase for some of the sportswear giant's most impactful marketing in years, executives said.
By Peter Adams • April 3, 2024 -
Lintao Zhang/Getty Images for Calvin Klein via Getty Images
PVH beats revenue expectations but projects a sluggish 2024
The Calvin Klein and Tommy Hilfiger parent company’s stock slipped 22% in premarket trading following its lower-than-expected outlook.
By Laurel Deppen • April 2, 2024
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