Corporate/Finance: Page 20


  • A group of women's shoes, Vans, are displayed in a store.
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    Angela Weiss/Getty Images for Vans via Getty Images
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    VF Corp. launches transformation program as some of its key brands falter

    Vans remains a pain point for the apparel conglomerate, and the company will appoint a new president for the brand as part of its refresh efforts.

    By Oct. 31, 2023
  • The Sorel logo is seen reflected in a window, which shows the skyline of New York City.
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    Eugene Gologursky/Getty Images for New York Magazine via Getty Images
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    Columbia reports $985.7M in Q3 sales, lowers full-year guidance

    The company’s namesake brand led sales, while its prAna brand is undergoing a “reset.”

    By Oct. 30, 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 Shein store is pictured, with a rack of clothes on display.
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    Courtesy of Shein
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    Shein acquires Missguided from Frasers Group

    The deal boosts Shein’s presence in the U.K., where analysts predict it could achieve 2.2% market share in 2023.

    By Updated Oct. 30, 2023
  • A person is holding a phone displaying the Temu app, where a red dress is sold.
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    Screenshot: Temu

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    Shein and Temu agree to dismiss legal fights

    The fast fashion rivals had been involved in two cases centered on copyright and antitrust laws.

    By Oct. 30, 2023
  • skechers
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    Courtesy of Business Wire
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    Skechers logs $2B in Q3 sales, domestic wholesale flat

    The footwear giant hopes that after a “difficult year” for wholesale, next year may offer growth for the segment.  

    By Oct. 27, 2023
  • A model is pictured wearing a Balenciaga leather coat.
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    Courtesy of Gozen
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    Biomaterials startup lands $3.3M in funding to boost production of its leather alternative

    Gozen, which recently debuted its material with Balenciaga, is seeking to scale its production with a new facility.

    By Oct. 26, 2023
  • A person walks in front of a Michael Kors storefront.
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    Scott Olson/Getty Images via Getty Images
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    Capri shareholders approve sale to Tapestry

    The merger agreement, first announced in August, was authorized during a special meeting of shareholders.

    By , Oct. 26, 2023
  • A close-up of models as they walk the runway wearing neutral tones of brown during the Saint Laurent Womenswear spring-summer 2024 show as part of Paris Fashion Week.
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    Francois Durand via Getty Images
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    Kering revenue drops 13% in Q3 as global luxury sales falter

    Almost all the firm’s fashion brands saw double-digit declines as its retail and wholesale numbers also fell.

    By Oct. 25, 2023
  • Signage reading "Vans" adorns a light-colored building with curved windows. A leafy tree branch peeks out from the left.
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    Daphne Howland/Fashion Dive
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    Former Nike exec Trevor Edwards joins VF Corp.’s board

    Edwards, once seen as stepping into the CEO role at the athletic gear powerhouse, left five years ago as questions swirled about its work culture.

    By Daphne Howland • Oct. 25, 2023
  • Closeup of model faces in sunglasses and suiting as they walk the runway for the Zegna menswear fashion show in Milan.
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    Pietro S. D'Aprano via Getty Images
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    Zegna Group Q3 revenue up 20.8% with strong DTC sales

    U.S. sales showed a robust 47.8% growth, which the company partly attributed to its newly added Tom Ford fashion segment.

    By Oct. 24, 2023
  • Puma sneakers are shown on display.
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    Rodin Eckenroth/Getty Images for BET via Getty Images
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    Puma reports increased sales in footwear segment, normalized inventory

    The sportswear giant reaffirmed its full fiscal year projections while the brand’s wholesale and DTC businesses saw strong increases.

    By Oct. 24, 2023
  • Draped pink curtains hang from the ceiling and pink walls with large arched columns frame a screen reading Yoox Net a Porter Group.
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    Vittorio Zunino Celotto via Getty Images
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    Richemont and Farfetch receive antitrust clearance on YOOX Net-a-Porter deal

    Farfetch will receive a 47.5% stake in the online luxury platform in exchange for shares in Richemont.

    By Oct. 23, 2023
  • Mannequins are displayed in front of the Steve Madden logo
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    Laurel Deppen/Fashion Dive
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    Steve Madden acquires Almost Famous in $52M deal

    Prior to the purchase, the apparel brand was the exclusive licensee of Madden NYC.

    By Oct. 23, 2023
  • A shopper walks in the evening past a lighted store window of a Salvatore Ferragamo boutique in Milan.
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    Vittorio Zunino Celotto via Getty Images
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    Ferragamo revenues slide 8.3% as retail and wholesale channels lag

    North American regional sales dropped more than 20% and global sales were down in every product category.

    By Oct. 20, 2023
  • David’s Bridal promotes slate of company veterans in preparation for post-bankruptcy turnaround

    The special-occasion apparel chain struggled after its previous Chapter 11 exit in 2018 as the pandemic roiled its business.

    By Daphne Howland • Oct. 20, 2023
  • The interior of a Billabong store is pictured, featuring displays of bags, backpacks, shoes and sunglasses.
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    Spencer Platt/Getty Images via Getty Images
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    Boardriders lays off 84 California employees, including C-Suite members

    The news comes after the company was acquired by Authentic Brands Group last month.

    By Oct. 19, 2023
  • The store sign on a Vans store in New York City.
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    Daphne Howland/Fashion Dive
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    Activist firm calls VF Corp. under ex-CEO a ‘death star,’ demands $300M in cost cuts and a board shakeup

    But some proposals floated by Engaged Capital are already in place under new CEO Bracken Darrell and could take time to bear fruit, Wedbush said.

    By Daphne Howland • Oct. 19, 2023
  • 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 Gap veteran as chief supply chain officer

    Shawn Curran joins the footwear and apparel brand after three decades with Gap.

    By Alejandra Carranza • Oct. 18, 2023
  • A person walks in front of a Nike store.
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    Kevin Frayer/Getty Images via Getty Images
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    Apparel firms rank in top 100 public companies on ESG disclosures

    The 100 Best Corporate Citizens report found that Nike, VF Corp. and Ralph Lauren got top marks in environmental and social practices.

    By Oct. 18, 2023
  • Two images of Davide Renne, a person with a beard, brown plaid shirt, and large gold earrings.
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    Permission granted by Alessio Bolzoni/Moschino
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    Moschino appoints new creative director

    Davide Renne, formerly head designer of womenswear at Gucci, will take on the role that's been vacant since Jeremy Scott's departure in March.

    By Oct. 16, 2023
  • Exterior shot of a Birkenstock store.
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    Courtesy of Birkenstock
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    Birkenstock slides 12% in public market debut

    The footwear brand began trading at $41 a share on Wednesday after pricing its IPO at $46.

    By Caroline Jansen • Oct. 13, 2023
  • A red Levi's tab sign against a bright blue sky.
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    Daphne Howland/Fashion Dive
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    Levi’s brings inventory under control, expands supplier base

    The apparel company has made swift progress in cleaning up its stock recently after a “tough” time trying to operate its distribution centers.

    By Ben Unglesbee • Oct. 12, 2023
  • A Skechers storefront is pictured on a street corner.
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    Courtesy of Skechers
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    Skechers granted an injunction against Dockers for alleged patent infringement

    A regional court in Germany has prohibited Dockers from selling a slip-on style shoe in the European Union.

    By Oct. 11, 2023
  • Adidas store in Shanghai
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    Courtesy of Adidas
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    Adidas President of North America Rupert Campbell to exit

    Arthur Hoeld, who is already responsible for global sales at Adidas, will take over Campbell’s responsibilities until a replacement is found.

    By Cara Salpini • Oct. 11, 2023
  • Christmas windows of Louis Vuitton store in December in Milan, Italy as seen from a slight distance, with people milling out front.
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    Vittorio Zunino Celotto via Getty Images
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    LVMH revenue up 1% in Q3 as luxury’s boom slows

    The company’s fashion and leather goods division saw a 9% increase, but growth has slowed following a more robust first half of the year.

    By Oct. 11, 2023