Corporate/Finance: Page 19


  • A person in a large white top, polka dot tights, and black Brian Atwood scrunch booties walks away from the camera looking back toward it.
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    Courtesy of Brian Atwood for Express
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    Express names Brian Atwood creative director of footwear

    The luxury shoe designer will be responsible for women's and statement men's lines, as well as his own imprint.

    By Aug. 29, 2023
  • A brick storefront with a DSW sign on it.
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    Courtesy of DSW
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    Designer Brands President Bill Jordan to exit

    Jordan has been with the company in various roles for nearly 18 years and plans to exit by the beginning of December.

    By Cara Salpini • Aug. 29, 2023
  • 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 person is shown wearing boots with the Hunter logo on the back.
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    Courtesy of Authentic Brands Group
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    Authentic lands partnership for Hunter Boots in China, Southeast Asia

    Under the deal, Baozun Inc. acquires a 51% equity interest in the heritage boot brand’s intellectual property across the regions.

    By Aug. 28, 2023
  • Gap store in San Francisco, Flood Building.
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    Daphne Howland/Fashion Dive
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    New Gap Inc. CEO: ‘We need to make these brands matter more’

    Further declines in Q2 greeted former Mattel executive Richard Dickson as he took the helm at the apparel conglomerate.

    By Daphne Howland • Aug. 28, 2023
  • Display of horseshoe logo on the back pocket of a pile of True Religion jeans and baseball caps.
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    Becky Sapp via Getty Images
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    True Religion gets financial support to fund future operations

    The denim brand will use the new term loan and revolving credit to refinance its existing debt and support its long-term business plans.

    By Aug. 23, 2023
  • An Urban Outfitters storefront is pictured while a large amount of shoppers walk on the sidewalk in front of it.
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    Dan Dennison/Getty Images via Getty Images
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    Urban Outfitters logs record sales again despite trouble from its namesake brand

    The UO brand saw a 14% drop in sales while Anthropologie and Free People saw double-digit growth.

    By Aug. 23, 2023
  • Foot Locker storefront
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    Cara Salpini/Fashion Dive
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    Foot Locker sales fall nearly 10% as it weathers ‘tougher than expected’ year

    CEO Mary Dillon said the start of the back-to-school season was weaker than expected as lower-income shoppers stay cautious.

    By Cara Salpini • Aug. 23, 2023
  • Brent Hyder poses for a professional headshot.
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    Courtesy of VF Corp. Business Wire
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    VF Corp. hires former Gap exec for chief people officer

    Brent Hyder was most recently with software company Salesforce, but he isn’t new to the apparel sector.

    By Aug. 22, 2023
  • A Columbia Sportswear store is pictured, showing mannequins wearing rain jackets and a shelf of water bottles, among other products.
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    The image by Justina Simon Giga is licensed under CC BY-SA 4.0
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    Columbia names new senior VP of global distribution

    Tom Gyles previously worked in logistics and distribution roles for PVH and Gap.

    By Aug. 21, 2023
  • A bright red facade features a cut-out of the word "Express" at a mall store entrance.
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    Daphne Howland/Fashion Dive
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    Express plans layoffs, reverse stock split

    The apparel retailer, which is cutting 150 jobs, said it continues to take action to improve long-term growth.

    By Nate Delesline III • Aug. 18, 2023
  • A sign reading "Coach New York" is pictured outside of a Coach storefront. The sign features the Coach logo, a horse drawn carriage.
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    Spencer Platt/Getty Images via Getty Images
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    Tapestry revenues decline in North America

    Coach, Tapestry’s largest brand, was the highest performer during the quarter, and it showed a 3% sales increase to $1.2 billion.

    By Aug. 17, 2023
  • A person window shops at store at a street corner. An orange corner is parked on the right, next to a stop sign.
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    Courtesy of Gap Inc.
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    Deep Dive

    What Gap Inc. needs from its new CEO

    Next week, longtime Mattel executive Richard Dickson takes the reins of an apparel conglomerate — whose brands all need some help.

    By Daphne Howland • Aug. 16, 2023
  • Parade's first swimwear collection
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    Courtesy of Parade
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    Parade acquired by Ariela & Associates International

    The DTC intimates brand has expanded its product categories over the past several months and will operate as a division of Ariela & Associates International.

    By Dani James • Aug. 15, 2023
  • Two people running in On Cloudneo shoes
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    Courtesy of On
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    On brand’s DTC sales grew faster than wholesale in Q2

    The brand’s direct-to-consumer channel increased 54.7% year over year to 163.5 million Swiss francs during the quarter.

    By Dani James • Aug. 15, 2023
  • A pedestrian in short sleeves walks past a Michael Kors storefront on a sunny day in Chicago, Illinois.
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    Scott Olson via Getty Images
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    Capri releases soft Q1 earnings as Tapestry’s plan to buy company is revealed

    Sales and profits declines took a backseat to the surprise merger announcement Thursday, but gave telling texture to the $8.5 billion deal.

    By Aug. 11, 2023
  • Ralph Lauren wears jeans and a blue plaid shirt over a long sleeved white shirt and stands on the end of a fashion runway showing his palms to the applauding crowd and smiling
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    Mike Coppola via Getty Images
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    Ralph Lauren’s earnings remain steady despite 10% decrease in North America

    Strong sales in Europe and Asia offset losses, while a 15% retail price increase for DTC channels reflected the company’s continued commitment to brand elevation.

    By Aug. 11, 2023
  • Corporate headquarters of HanesBrands as seen from outside with HBI signage in the front.
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    Courtesy of HanesBrands
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    Hanes reports second quarter sales dip, avoids discussion of Barington letter

    Faced with mounting pressure from activist investors, the company said it was reducing inventory and attempting to lower its $3.5 billion debt bill.

    By Aug. 10, 2023
  • Four Wolverine/Halo boots on display
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    Permission granted by Wolverine Worldwide
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    Wolverine Worldwide fires CEO as company reports weak Q2

    The shoe and apparel company has moved to strengthen and reorganize its brand portfolio in recent years.

    By Nate Delesline III • Aug. 10, 2023
  • A Michael Kors storefront.
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    Daphne Howland/Fashion Dive
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    Tapestry agrees to buy rival fashion house Capri for $8.5B

    The Michael Kors brand has already emerged as a problem to solve at what will be the fourth largest luxury house in the world.

    By Daphne Howland • Aug. 10, 2023
  • Council of Fashion Designers of America CEO Steven Kolb wears a tuxedo and round sunglasses and stands in front of a pink CFDA sign.
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    Dimitrios Kambouris via Getty Images
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    CFDA touts ‘return to normalcy’ for New York Fashion Week ahead of September shows

    In its 2022 annual report the trade association and its charitable arm also reported a revenue increase of more than 50% year-over-year.

    By Howard Ruben • Aug. 10, 2023
  • HanesBrands shopping bags are pictured
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    Kevin Parry / Stringer via Getty Images
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    Activist investor presses for Hanes leadership change, underscores billions in debt ahead of earnings

    The list of demands signed by Barington CEO James Mitarotonda included a suggestion to replace current Hanes CEO Stephen Bratspies.

    By Aug. 9, 2023
  • A Madewell sign sticks out from a brick building against a blue sky.
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    Daphne Howland/Fashion Dive
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    J. Crew taps apparel veteran Adrienne Lazarus to lead Madewell

    Most recently Lazarus co-led DTC intimates brand Cuup, and has held leadership roles at Intermix, Ann Taylor, Bandier and Frye.

    By Daphne Howland • Aug. 9, 2023
  • Two women in blouses and trousers stand next to each other smiling off to the side.
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    Courtesy of Zimmermann
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    Zimmermann sells majority share to Advent

    The luxury Australian fashion label will join Lululemon, Orveon and others under the investment firm’s umbrella.

    By Aug. 8, 2023
  • Under Armour brings on new designers as it looks to improve product offerings

    Amid a pivot to athleisure, the brand’s revenue fell 2% in the most recent quarter, due mostly to a 6% decline in wholesale.

    By Cara Salpini • Aug. 8, 2023
  • A group of Yeezy shoe products on a beige background.
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    Courtesy of Adidas
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    Adidas CEO: Selling Yeezy designs in the future is ‘not part of our strategy’

    Bjørn Gulden said that while the company is legally able to do that, “our task now is to limit the damage ... and build a business later without Yeezy.”

    By Cara Salpini • Aug. 4, 2023