Corporate/Finance: Page 2

  • Hawke & Co. puffer jackets in various colors are hanging on a rack.
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    Retrieved from Hawke & Co. on November 05, 2024
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    Outerwear brand Hawke & Co. to relaunch

    The company hired Michael Macko, previously of Saks Fifth Ave, as fashion director.

    By • Nov. 5, 2024
  • A models walks on a runway wearing a casual suit. On the sides of the runway are tall plants and weeds.
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    Vittorio Zunino Celotto via Getty Images
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    Hugo Boss reports third straight quarter of muted sales

    The company attributed its weak numbers to a “persistently challenging market environment.”

    By • Nov. 5, 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
  • President Joe Biden speaks at a podium with Vice President Kamala Harris and Speaker of the House Mike Johnson behind him.
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    Chip Somodevilla / Staff via Getty Images
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    De minimis overhaul will start before next president: former Biden official

    A rulemaking proposal being issued by early December is very likely, according to former White House COVID-19 supply coordinator Tim Manning.

    By Max Garland • Nov. 5, 2024
  • A pair of jeans with their size label are laid out on a blank background.
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    Retrieved from Dennis Sylvester Hurd.
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    Kontoor Brands sees quarterly revenue grow for the first time since last year

    The Wrangler and Lee parent company expects gains to continue in Q4, which leadership attributed to a transformation initiative.

    By • Nov. 4, 2024
  • A person is seen holding a phone with the Temu app. They are viewing a shirt.
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    Screenshot: Temu

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    Temu under EU Commission probe

    The Commission opened formal proceedings to determine if the fast fashion giant violated the Digital Services Act.

    By • Nov. 4, 2024
  • Shelves are stacked with graphic T-shirts by the Children's Place.
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    Arturo Holmes/Getty Images for The Children's Place, Inc. via Getty Images
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    The Children’s Place launches storefront on Shein

    The deal allows the retail company to distribute its products through the fast fashion giant’s platform and diversify its omnichannel strategy.

    By • Nov. 1, 2024
  • A Gildan knitting facility.
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    Courtesy of Gildan
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    Gildan gains market share in printwear, but still sees decline in underwear sales

    The company reported record revenue for Q3 as it continues its growth strategy.

    By • Nov. 1, 2024
  • A large, lit-up sportswear store at night.
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    Courtesy of Adidas
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    Adidas reaches settlement with Ye as Yeezy inventory dwindles

    The brand says it has momentum, though some analysts wonder what will follow the current hype around its legacy Terrace styles.

    By Daphne Howland • Nov. 1, 2024
  • The exterior Columbia Sportswear store.
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    The image by Michael Rivera is licensed under CC BY-SA 4.0
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    Columbia wants to attract ‘younger and more active consumers’ with new strategy

    The company announced a plan to grow its namesake brand during its Q3 earnings report, in which it saw a 5% net sales decrease.

    By • Oct. 31, 2024
  • The interior of a Draper James store. Clothes are folded on a table and hanging on display.
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    Rick Diamond/Getty Images for Draper James via Getty Images
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    Draper James hires Michael Kors veteran as CEO

    New CEO Jeannie Yoo also stepped into an advisory role with Consortium Brand Partners, which took a majority stake in the brand a year ago.

    By Howard Ruben • Oct. 31, 2024
  • A storefront with the word Prada written on the front is lit up within.
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    Lauren DeCicca via Getty Images
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    Prada Group revenue challenges luxury slowdown narrative

    Overall group retail sales were up 15% for the first nine months, and the Miu Miu brand was up 97% for the period.

    By • Oct. 30, 2024
  • The interior of a Timberland store. Mannequins wearing Timberland clothes stand on a table display as customers walk around it.
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    Matthew Eisman/Getty Images for Pandora Media via Getty Images
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    VF saw revenue decline at each of its brands, but shares soar after earnings

    The Vans owner has been undergoing a turnaround effort over the last year, and its CEO said its beginning to see results.

    By • Oct. 29, 2024
  • A line of Esprit stores in an airport terminal have closed steel gates.
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    Andreas Rentz via Getty Images
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    Esprit US subsidiaries file for bankruptcy

    The Chapter 7 notices come in the wake of more than a dozen similar filings from Esprit Holdings subsidiaries around the world.

    By • Oct. 29, 2024
  • A black flag that says "The Real Real" hangs off a building's dark trim.
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    Daphne Howland/Fashion Dive
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    The RealReal CEO out after less than 2 years

    Rati Sahi Levesque, who helped found the company in 2011, has replaced John Koryl, who arrived in February last year and has now left the company.

    By Daphne Howland • Oct. 29, 2024
  • skechers
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    Courtesy of Business Wire
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    Consumer demand, star ambassadors key to Skechers ‘record’ Q3 growth of $2.4B

    The footwear company is trying to sustain its momentum by pushing deeper into its product offering for team-based sports.

    By Nate Delesline III • Oct. 28, 2024
  • A Shein building is seen across a parking lot, with an American flag to its side.
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    jetcityimage via Getty Images
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    Shein launches its first credit card

    The fast fashion giant is partnering with Mexico-based fintech company Stori to introduce the card, which is supported by Mastercard.

    By • Oct. 25, 2024
  • A model carries a brown leather Hermès Kelly bag while walking down a runway.
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    Pascal Le Segretain via Getty Images
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    Hermès contradicts luxury sector downturn with double-digit revenue growth

    Strong performance in the leather goods division led to Q3 upticks in every region, despite a slowdown in parts of Asia.

    By • Oct. 25, 2024
  • A window display of a Coach store.
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    Michael M. Santiago via Getty Images
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    Tapestry and Capri merger blocked in win for FTC

    The owners of Coach and Michael Kors plan to appeal the decision, but experts say it’s unlikely the deal will go through.

    By • Updated Oct. 25, 2024
  • A model in a dark red top walks down stairs.
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    Tristan Fewings via Getty Images
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    Kering projects a 47% operating income drop in 2024

    Declines at Gucci and Yves Saint Laurent in the third quarter were offset slightly by an uptick at Bottega Veneta, but the company’s overall downward trend persisted.

    By • Oct. 24, 2024
  • The FBI seal
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    Chip Somodevilla via Getty Images
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    Ex-Abercrombie CEO Mike Jeffries arrested on sex trafficking, prostitution charges

    Federal prosecutors say Jeffries leveraged his position at the apparel retailer, including promising men modeling jobs, to further the alleged crimes.

    By Daphne Howland • Oct. 24, 2024
  • Large spools of Gen Phoenix's fiber material in its factory.
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    Courtesy of Gen Phoenix
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    Gen Phoenix creates 2 new executive roles

    The recycled leather company named a chief revenue officer and a chief strategy officer as it works to expand its market reach.

    By • Oct. 23, 2024
  • Three handbags are displayed on a wooden rope swing as smoke swirls in the backround.
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    Samir Hussein via Getty Images
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    Mulberry’s board joins majority shareholder in rejecting Frasers acquisition bid

    This was the minority shareholder’s latest offer to acquire the shares it did not already own in the luxury company.

    By • Oct. 23, 2024
  • Models stand in a line on a darkened runway.
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    Pietro S. D'Aprano via Getty Images
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    Thom Browne pulls Zegna Group Q3 revenue down 8%

    Luxury sector challenges hit all the company’s brands, including Tom Ford Fashion and its namesake label.

    By • Oct. 22, 2024
  • A fulfillment center in Ohio with freight container docked at the warehouse loading doors.
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    Courtesy of Maersk
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    Levi Strauss taps Maersk for fulfillment and logistics

    The logistics provider opened an omnichannel facility in Ohio to service Levi’s wholesale, retail and e-commerce channels.

    By Alejandra Carranza • Oct. 22, 2024
  • An arm clutches a Sway polybag containing a garment. Writing printed on the bag reads "This bag is made with seaweed."
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    Permission granted by Sway
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    Sway scaling compostable seaweed-based polybags with fashion brands

    Prana, Faherty and other brands will begin using the bags to package items like shirts and shorts. California-based material innovation startup Sway says the next applications it’s eyeing include mailers and multilayer packaging.

    By Maria Rachal • Updated Oct. 25, 2024