Corporate/Finance: Page 20

  • Red-lit steps and Steve Madden signage at a rock club during an event.
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    Dimitrios Kambouris via Getty Images
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    Steve Madden revenue drops again in Q2

    The trendy fashion firm’s long-term growth strategy includes more DTC business and expanded offerings in handbags and apparel.

    By • Aug. 3, 2023
  • Neon Sign, American Eagle Outfitters Easton Towne Center, Columbus, Ohio
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    Wellmeier, Ed. (2021). [Photograph]. Retrieved from Flickr.
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    American Eagle Outfitters COO to exit

    Michael Rempell is leaving the retailer after 23 years in a planned leadership transition. Meanwhile, the company raised its Q2 forecast.

    By Kaarin Vembar • Aug. 3, 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
  • 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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    Vans, Dickies struggles drag VF Corp revenue down 8% in Q1

    The company says the drop was due to ongoing wholesale issues and continuing challenges with its Vans brand.

    By • Aug. 2, 2023
  • Columbia Sportswear Company storefront.
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    The image by Thmyl yAMSa is licensed under CC BY-SA 4.0
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    Columbia names new president of prAna brand, adjusts full year guidance

    Tricia Shumavon is stepping into the role in September after stints at Adidas, Nike and Gap. The move is part of Columbia’s plan to reposition the prAna brand for growth.

    By • Aug. 2, 2023
  • Skechers shoes are pictured on a display
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    David Becker/Getty Images for Nightclub & Bar Media Group via Getty Images
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    Skechers logs record sales again in Q2 despite wholesale challenges

    Executives pointed to strong performance of direct-to-consumer sales, particularly at retail locations.

    By • July 28, 2023
  • Outside corner view of a Gucci store with gold trim on the facade and palm trees in the background.
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    Tristan Fewings via Getty Images
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    Kering appoints new CFO amid modest H1 earnings

    Sales at the luxury house lag behind rival firms, though a new partnership with Mayhoola may help reinvigorate the company.

    By • July 28, 2023
  • High heels in a white and cream colored airy display at a shoe department.
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    Kimberly White via Getty Images
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    Richemont acquires controlling stake in Gianvito Rossi

    The deal is not expected to have a material financial impact on Richemont’s assets or operating results for its current fiscal year.

    By • July 28, 2023
  • A Valentino store is pictured, showing the sign and mannequins.
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    Vittorio Zunino Celotto/Getty Images via Getty Images
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    Kering acquires 30% stake in Valentino

    The deal includes an option for Kering to acquire 100% of the Italian luxury house by the end of 2028.

    By • July 27, 2023
  • A person wearing business casual clothes and shoes walks across a sunlit road in a city
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    Permission granted by Authentic Brands Group
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    Fashion companies net $40B in retail sales from licenses: report

    Authentic Brands Group was among the highest earners in the category.

    By • July 27, 2023
  • A person wearing business casual clothes and shoes walks across a sunlit road in a city
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    Permission granted by Authentic Brands Group
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    Authentic Brands Group acquires Rockport out of bankruptcy

    The brand conglomerate sees an opportunity to expand the footwear company's assortment into a "full lifestyle offering."

    By Nate Delesline III • July 27, 2023
  • Ornate and elaborate old Italian building housing the Prada storefront in Milan as seen during the daytime.
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    Vittorio Zunino Celotto via Getty Images
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    Prada profits jump 62% in H1

    The increase was partly a result of strong retail net sales for Prada brand products and Miu Miu sales.

    By • July 27, 2023
  • A person with brown hair and glasses, wearing a long-sleeved lavender button-down shirt, jeans and a wrist-watch, sits on a wooden bench. A plant is behind their right shoulder.
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    Courtesy of Gap Inc.
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    Gap Inc. turns to Mattel operations chief Richard Dickson as CEO

    The toy maker's longtime executive was instrumental in reinvigorating Barbie and other signature brands. Can he pull it off again?

    By Daphne Howland • July 26, 2023
  • A man in a suit stands in front of a gold wall speaking into a microphone.
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    Pascal Le Segretain via Getty Images
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    LVMH revenue up 15% for the first half of 2023

    Its fashion and leather group reported revenue growth of 20%, although operating cash flow was halved due to real estate and operational investments.

    By • July 26, 2023
  • Kanye West at Milk Studios
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    Jonathan Leibson / Stringer via Getty Images
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    Adidas raises guidance after successful Yeezy drop

    The first sale of leftover inventory slashed 250 million euros from its projected operating loss, and further drops could help even more.

    By Cara Salpini • July 25, 2023
  • Julien Macdonald walks the runway with models after his show. The designer wears all black and stretches his arms out in gratitude to the audience, while models stand behind him in metallic outfits.
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    Stuart C. Wilson via Getty Images
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    Luxury house Julien Macdonald goes into liquidation

    The Welsh fashion brand has worked with Chanel, Givenchy and British Airways, but the pandemic led to unrecoverable losses.

    By • July 25, 2023
  • Jeanswear display featuring denim stacked in metal cubed and t-shirts hanging on a rack.
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    Jamie McCarthy/WireImage via Getty Images
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    AG Jeans taps fashion industry veteran for new CEO role

    Glenn McMahon will be the California-based company’s first CEO in its 20-plus year history and will report to AG owner and founder Yul Ku.

    By • July 24, 2023
  • Adidas CEO Bjørn Gulden speaking in front of a white background with a Yeezy logo on it.
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    REUTERS/Heiko Becker

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    Deep Dive

    Yeezy was only part of Adidas’ problems. The athleticwear brand has been falling further behind Nike for years.

    Since 2013, Adidas’ net sales have grown by less than $5 billion as it struggles to keep pace with the broader market. Could a new CEO and a clean slate reverse those trends?

    By Cara Salpini • July 24, 2023
  • A stack of lightly distressed denim jeans with horseshoe stitching on the back pockets,
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    John Shearer via Getty Images
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    True Religion’s new chief marketing officer will lead the brand’s digital pivot

    Kristen D’Arcy, formerly of Pacsun and American Eagle Outfitters, said she expects e-commerce to represent 50% of the brand’s revenue in a few years.

    By • July 19, 2023
  • A bald man in a suit and large black glasses sits in a red chair holding a microphone and staring over his shoulder.
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    Tristan Fewings via Getty Images
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    Gucci president and CEO Marco Bizzarri steps down

    Jean-François Palus, Kering Group’s managing director, has been appointed to the role for a transitional period.

    By • July 18, 2023
  • The entrance to a store with the word "Express" repeated above each glass door.
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    Daphne Howland/Fashion Dive
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    Express chief merchandising officer exits

    Malissa Akay has left the apparel retailer effective immediately, according to a Friday regulatory filing.

    By Nate Delesline III • July 18, 2023
  • A man in a tuxedo stands in front on a white wall with logos on it.
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    Joe Maher via Getty Images
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    Tom Ford Fashion appoints new CEO

    Lelio Gavazza was tapped to take on the newly-created role and will report directly to Ermenegildo Zegna, chairman and CEO of Zegna Group.  

    By • July 18, 2023
  • the front entrance of the Rochemonth headquarters in Geneva, Switzerland features a green lawn and glass signage.
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    Courtesy of Richemont
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    Richemont sales up 14%, with Asia leading the rebound

    Shares fell after news that sales in the Americas dropped 2% as a result of weak wholesale and retail numbers.

    By • July 17, 2023
  • A storefront of a David's Bridal retail store with sale signs.
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    Daphne Howland/Fashion Dive
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    David’s Bridal reportedly will keep nearly 200 stores open under new ownership

    The chain has been seeking a buyer since before its April bankruptcy filing. An offer from Cion Investment Corp was approved.

    By Daphne Howland • July 17, 2023
  • Side by side images show a design that says "Make it fun" on a pink background, and a copy for sale on a website.
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    Retrieved from U.S. District Court, Central District of California, Western Division on July 14, 2023
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    Designers sue Shein for copyright infringement under racketeering laws

    The RICO statute could help plaintiffs wrestle with the e-commerce giant’s unusual corporate structure and production strategy, experts say. 

    By Daphne Howland • July 14, 2023
  • A man in a dark t-shirt, jeans, and short hair stands unsmiling in front of a photo collage backdrop featuring images of models wearing casual clothing.
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    Craig Barritt via Getty Images
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    Rag & Bone co-founder Marcus Wainwright steps down

    Creative duties will be handed over to Jennie McCormick for womenswear, footwear and accessories, with Kyle Sweeney leading menswear and merchandising.

    By • July 14, 2023