Corporate/Finance: Page 21
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Traceability firm Oritain raises $57M
The Series C funding round is expected to help the forensic data science company expand its market and category reach.
By Lara Ewen • July 12, 2023 -
Hanesbrands promotes interim CFO to permanent seat
Scott Lewis, a 17-year company veteran, has been at the financial helm of Hanesbrands on an interim basis since the former CFO Michael Dastugue stepped down for family reasons in January.
By Elizabeth Flood • July 11, 2023 -
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 -
Guess to increase its repair, resell and upcycle partnerships by 2025
The company’s recent ESG report also outlines new emissions targets, recycled packaging goals and expanded programs for employee wellness and diversity.
By Lara Ewen • July 11, 2023 -
PVH Corp. lays off additional staff
The latest round of cuts is part of the Tommy Hilfiger parent company's plan to achieve $100 million in annual savings.
By Laurel Deppen • Updated July 17, 2023 -
Designer Brands names DSW president
Laura Denk, who comes to the company from Michaels, will oversee owned brands — a major focus for the shoe retailer.
By Kaarin Vembar • July 11, 2023 -
Digital Brands Group receives Nasdaq delisting warning
The DTC company was notified it is out of compliance with a minimum share price requirement and would not receive a 180-day grace period.
By Dani James • July 10, 2023 -
Prada will dress the China women’s national soccer team
The Italy-based fashion house will be outfitting players and delegates with travel and formal event wear.
By Lara Ewen • July 10, 2023 -
Levi’s slashes guidance as lower-income consumers grow more price sensitive
While demand for denim remains strong, financial pressures on some households led to declines in the U.S., the brand’s largest market.
By Daphne Howland • July 7, 2023 -
Alsara Strategic Investments appoints new CEO
Former Revlon India exec Shahzad Akhtar moves into the newly-created position ahead of the relaunch of Italian fashion line Walter Albini.
By Lara Ewen • July 5, 2023 -
Adidas global HR chief to exit
Amanda Rajkumar, who joined the company in 2021, is leaving next week as CEO Bjørn Gulden builds out his own team.
By Cara Salpini • July 5, 2023 -
Avery Baker steps down from Tommy Hilfiger
Baker, previously chief brand officer and president, had been with the brand for roughly 24 years.
By Laurel Deppen • July 5, 2023 -
Nike breaks $50B in revenue as it warms back up to wholesale
CEO John Donahoe said recent shifts back into DSW and Macy’s were “simply an extension” of the retailer’s existing strategy.
By Cara Salpini • June 30, 2023 -
Under Armour CEO overhauls C-suite
Chief Operating Officer Colin Browne, who also served as interim CEO, is leaving the company, as is Chief Product Officer Lisa Collier.
By Nate Delesline III • June 29, 2023 -
Q&A
Shein exec talks transparency, sustainability and the afterlife of clothing
Peter Pernot-Day, global head of strategy and corporate affairs, says circularity is key when it comes to the company’s future.
By Lara Ewen • Updated July 6, 2023 -
Chico’s announces $100M stock repurchase program
The women’s fashion apparel retailer reported a small slide in its Q1 net sales, which fell to $534.7 million.
By Nate Delesline III • June 27, 2023 -
Savage x Fenty appoints new CEO
The direct-to-consumer lingerie brand, founded by music star Rihanna, has been steadily expanding its store footprint.
By Dani James • June 23, 2023 -
Under Armour lays off 50 in corporate roles
The cuts are across “several functions” and were made to support the company’s path to profitability.
By Cara Salpini • June 22, 2023 -
Luxury brand Christopher Kane seeks buyer: Bloomberg
The board of the London-based brand is seeking help to refinance its debt or appoint insolvency administrators to help shutter the label.
By Lara Ewen • June 21, 2023 -
VF Corp. names new CEO
Bracken Darrell was previously the CEO of computer manufacturer Logitech and was known for boosting its revenues and market share.
By Laurel Deppen • June 20, 2023 -
Ralph Lauren pledges to reach net zero by 2040
The company’s 2023 Global Citizenship & Sustainability Report, out today, outlines its social and environmental progress and goals.
By Lara Ewen • June 20, 2023 -
Stitch Fix taps Macy’s digital chief as CEO
Matt Baer oversaw initiatives like Macy’s new third-party marketplace. He got his start in retail at the family business, Baers Furniture.
By Daphne Howland • June 15, 2023 -
OTB increased its use of renewable energy sources by 41%: report
The company’s strategy includes a commitment to renewable energy, more reliance on local suppliers and a 2023 target for net-zero internal operations.
By Lara Ewen • June 13, 2023 -
Fiorucci menswear artistic director to depart brand
Daniel Fletcher has been with the brand since 2019, and his final collection will be released later this year.
By Lara Ewen • June 13, 2023 -
Hervé Léger names Michelle Ochs creative director
The Et Ochs designer replaces Christian Juul Nielsen, who has been with the brand since 2018.
By Lara Ewen • June 12, 2023 -
Excess inventory at Neiman Marcus squeezes Q3 margins
Some consumers showed wariness in the period, but the department store said its top customers, brands and stores continue to do well.
By Daphne Howland • June 9, 2023