Corporate/Finance: Page 20
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Courtesy of Infinited Fiber
Textile recycling company Infinited Fiber closes $43.8M funding round
The news comes after Renewcell, its competitor in the recycled materials space, filed for bankruptcy due to lack of funding.
By Laurel Deppen • March 14, 2024 -
Caroline Jansen/Fashion Dive
Allbirds taps new CEO, plans store closures
COO Joe Vernachio takes over from co-founder Joey Zwillinger on Friday as the DTC brand reported a 15% sales drop in 2023.
By Cara Salpini • March 14, 2024 -
Courtesy of Gildan
Browning West files legal complaint against Gildan Activewear
The move comes amid a proxy battle that began with the December 2023 ousting of former CEO Glenn Chamandy.
By Laurel Deppen • March 13, 2024 -
Tristan Fewings via Getty Images
Tod’s revenue rises almost 12% amid privatization plan
The company, which saw sales increase across all brands and regions in 2023, is preparing to move forward with an L Catterton-backed delisting.
By Lara Ewen • March 13, 2024 -
The image by Philafrenzy is licensed under CC BY-SA 4.0
Matches enters administration nearly three months after being purchased
The Frasers Group said that restructuring the luxury e-commerce business would require “too much change.”
By Laurel Deppen • March 12, 2024 -
Cara Salpini/Fashion Dive
American Eagle ‘refocused’ logistics arm amid third-party business woes
The retailer faced $98.3 million in impairment and restructuring charges from Quiet Platforms in Q4 as it adjusted to reduced e-commerce fulfillment demand.
By Max Garland • March 12, 2024 -
Courtesy of Gap Inc.
Gap, Old Navy make progress on long road to recovery
New Gap Inc. CEO Richard Dickson touted market share gains at the company’s biggest brands, but analysts say they have further to go.
By Daphne Howland • March 11, 2024 -
Courtesy of Hugo Boss
Hugo Boss posts modest 2024 fiscal outlook
Although the company saw record sales in 2023, significantly lowered expectations for the coming year caused stock prices to plummet.
By Lara Ewen • March 8, 2024 -
Jean Chung via Getty Images
Prada Group revenues up 13% in 2023, although sales in the Americas lag
Miu Miu underpinned growth for the fashion house due in part to the brand’s popular cardigans and ballet flats, which kicked off a librarian-chic trend.
By Lara Ewen • March 7, 2024 -
Vittorio Zunino Celotto via Getty Images
Salvatore Ferragamo sees revenue slip 7.6%
The Italy-based house attributed declines in its retail segment to the softening luxury market, especially during the second half of 2023.
By Laurel Deppen • March 7, 2024 -
Courtesy of Birkenstock
Birkenstock’s expanding production capacity lifts sales as it eyes more growth ahead
The footwear brand plans to double capacity in the next three years, spending tens of millions of dollars along the way.
By Ben Unglesbee • March 7, 2024 -
Daphne Howland/Fashion Dive
Investors throw another $800M onto Macy’s takeover bid
Arkhouse Management and its partners have upped their offer to $6.6 billion despite the department store’s refusal to share financial information.
By Daphne Howland • March 6, 2024 -
New majority-stake owners of The Children’s Place come through with funds, shake up board
Saudi investment firm Mithaq Capital is providing $78.6 million in interest-free, unsecured and subordinated term loans.
By Daphne Howland • March 4, 2024 -
Courtesy of Kontoor
Kontoor revenue falls 8% in Q4
The previous quarter’s boost from a Barbie collaboration was no longer visible, and full-year earnings dropped 1% in fiscal 2023.
By Lara Ewen • March 1, 2024 -
John Lamparski/Getty Images via Getty Images
Wolverine World Wide lays off 150 at distribution center
The company is permanently closing its operations in Louisville, Kentucky, after previously saying its Saucony and Sperry brands would continue to operate out of the facility.
By Laurel Deppen • Updated March 12, 2024 -
Courtesy of Zulily
Zulily IP assets put up for sale
The sale includes customer data, domain names, over 200 trademarks and code for the Zulily proprietary app.
By Tatiana Walk-Morris • March 1, 2024 -
Pietro S. D'Aprano via Getty Images
Moncler revenue up 15% to almost $3.2B in 2023
The record-setting results were driven by strong DTC sales for both the Moncler and Stone Island brands, despite wholesale declines for the two lines.
By Lara Ewen • Feb. 29, 2024 -
Laurel Deppen/Fashion Dive
Steve Madden sees revenue turnaround in Q4
The footwear and apparel company’s DTC revenue increased after five consecutive quarters of declines.
By Laurel Deppen • Feb. 29, 2024 -
After tamping down marketing spend, Rent the Runway brings on new chief marketing officer
Natalie McGrath comes from Afterpay, with experience at apparel brands including Bandier, Coach, Alexander Wang and Net-A-Porter.
By Daphne Howland • Feb. 29, 2024 -
Michael Vi via Getty Images
Coupang wants to transform the luxury fashion customer experience
On its Q4 earnings call, CEO Bom Kim said his company was confident that buying Farfetch was a prudent financial decision.
By Lara Ewen • Feb. 28, 2024 -
Matt Winkelmeyer via Getty Images
Dickies announces new vice president of global marketing
Denise Anderson joins the workwear brand from Smartwool, also owned by VF Corp, where she spent nine years in marketing and creative roles.
By Lara Ewen • Feb. 28, 2024 -
Courtesy of Rowing Blazers
Rowing Blazers sells majority stake to Burch Creative Capital
The deal will allow the preppy streetwear brand to develop a womenswear line and expand its retail footprint.
By Laurel Deppen • Feb. 27, 2024 -
Courtesy of Renewcell
Textile recycler Renewcell to file for bankruptcy
The Circulose fiber manufacturer was unable to secure financing following several quarters of declining sales.
By Lara Ewen • Feb. 26, 2024 -
Wolverine sees 20.8% revenue slip in Q4
The Merrell owner is expecting further declines in the 2024 fiscal year as it moves forward with corporate restructuring.
By Laurel Deppen • Feb. 26, 2024 -
Courtesy of Gildan
Gildan Activewear sees 9% sales increase in Q4
Vince Tyra led his first earnings call as CEO against the backdrop of a pending proxy fight following the firing of Glenn Chamandy.
By Laurel Deppen • Feb. 23, 2024
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