Corporate/Finance: Page 21
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Pascal Le Segretain via Getty Images
Lanvin Group reports 1% revenue growth for 2023
The Lanvin brand saw a 7% year-over-year decline, while the Caruso brand saw a 30% revenue increase for the period.
By Lara Ewen • Feb. 22, 2024 -
Courtesy of Timberland
S&P Global Ratings downgrades VF Corp, expects sale of at least one major brand
Declines at VF’s top four labels will likely continue amid weakness in wholesale and direct-to-consumer sales — and not just at Vans.
By Daphne Howland • Feb. 22, 2024 -
Tullio M. Puglia/Getty Images via Getty Images
OTB reports 9.1% sales growth to 1.8B euros
The fiscal 2023 increase comes after a year in which the Diesel owner appointed new CEOs to several of its key brands.
By Laurel Deppen • Feb. 21, 2024 -
Daphne Howland/Fashion Dive
Macy’s faces proxy fight after rejecting takeover bid
Will investors be tempted by the idea of capitalizing on the department store's real estate holdings?
By Daphne Howland • Feb. 21, 2024 -
Mackenzie Sweetnam/Getty Images via Getty Images
Guess and WHP to acquire Rag & Bone
Guess will contribute $56.5 million to the deal, which is expected to close in the first half of 2024.
By Laurel Deppen • Feb. 20, 2024 -
Cara Salpini/Fashion Dive
Nike to lay off more than 1,600 employees
On the heels of a cost-savings plan announced in December, the activewear giant confirmed it plans to cut about 2% of its total workforce.
By Cara Salpini • Feb. 20, 2024 -
Pascal Le Segretain via Getty Images
José Neves will step down as Farfetch CEO
The move comes two weeks after Coupang completed its acquisition of the luxury e-commerce platform.
By Lara Ewen • Feb. 16, 2024 -
The Children’s Place may get a reprieve as investor takes majority stake
Mithaq Capital has taken a 54% share, will nominate 11 people to the apparel retailer's board, and has offered to help shore up its liquidity.
By Daphne Howland • Feb. 16, 2024 -
Kevin Parry via Getty Images
EssilorLuxottica posts steady revenue growth for third consecutive year
The eyewear manufacturer benefited from a 5% revenue boost in the EMEA region as well as a strong demand for luxury frames in China.
By Lara Ewen • Feb. 15, 2024 -
Courtesy of HanesBrands
HanesBrands sees sales fall 12%
The company is looking to build on its innerwear category, as activewear sales continue to drop by double digits.
By Laurel Deppen • Feb. 15, 2024 -
(Tim Boyle/Getty) via Getty Images
HanesBrands to lay off nearly 160 employees in North Carolina distribution center
The apparel company plans to repurpose the facility as it streamlines operations.
By Alejandra Carranza • Feb. 15, 2024 -
Courtesy of VF Corp. Business Wire
VF adds new board member, aligns with Engaged Capital
The apparel conglomerate said it will also name another independent director in the near term as it accelerates turnaround efforts.
By Laurel Deppen • Feb. 14, 2024 -
Courtesy of Temu
Temu asks that class action lawsuit be moved out of court
Attorneys for the fast fashion company claim plaintiffs agreed to settle disputes through arbitration when they accepted its terms of use.
By Laurel Deppen • Feb. 14, 2024 -
John Sciulli via Getty Images
Lacoste appoints new executive vice president of global finance
Philippe Gautier brings his experience as CFO at brands including Puma and Sergio Rossi to the France-based sportswear firm.
By Lara Ewen • Feb. 13, 2024 -
Courtesy of Hoka
Hoka taps 17-year Nike vet as brand president
Robin Green, the activewear giant’s global vice president of Men’s Running and Fitness, is tasked with driving growth and innovation at Hoka.
By Cara Salpini • Feb. 13, 2024 -
Photo by Stefania M. D'Alessandro/Getty Images via Getty Images
Tod’s sells stake to L Catterton in a plan to take the company private
This is the second time the luxury company attempted to delist from the Italian Stock Exchange.
By Laurel Deppen • Feb. 12, 2024 -
Courtesy of Puma
Puma taps H&M vet to lead global brand strategy
Julie Legrand, who also held senior brand and marketing positions at Procter & Gamble, joins the athletics retailer with 20 years of experience.
By Howard Ruben • Feb. 12, 2024 -
Pascal Le Segretain via Getty Images
Prada and L’Oreal sign license agreement for Miu Miu beauty line
The first fragrances under the deal are expected to launch in 2025.
By Lara Ewen • Feb. 9, 2024 -
Cindy Ord via Getty Images
Hermès sales outdo luxury rivals
The company’s global resilience in the sector was aided by strong growth for its ready-to-wear segment and continued demand for its leather goods.
By Lara Ewen • Feb. 9, 2024 -
Photo by JP Yim/Getty Images for ELLE via Getty Images
Capri Q3 revenue drops 5.6%
Michael Kors, Jimmy Choo and Versace all saw declines, which the company's CEO attributed to a softening demand for luxury goods.
By Laurel Deppen • Feb. 9, 2024 -
Maryam Majd via Getty Images
Ralph Lauren’s Q3 revenue up after positive holiday sales
North America wholesale dropped 15%, but the brand continued to grow its DTC business as global sales in that category increased 9%.
By Lara Ewen • Feb. 9, 2024 -
Cara Salpini/Fashion Dive
Under Armour CEO on sportstyle pivot: ‘We’re not trying to be anything other than authentically Under Armour’
Stephanie Linnartz talked about the evolution of the company's product offering as revenue fell 6%.
By Cara Salpini • Feb. 9, 2024 -
Donell Woodson/Getty Images via Getty Images
Coach leads Tapestry to Q2 revenue increase in fiscal 2024, but other brands lag
The Kate Spade and Stuart Weitzman brands saw revenue declines for the period.
By Laurel Deppen • Feb. 8, 2024 -
Getty Images via Getty Images
Kering revenue drops 4% for fiscal 2023
All of the luxury conglomerate’s fashion houses saw 8% declines in Q4 and low-single-digit declines for the year.
By Lara Ewen • Feb. 8, 2024 -
Getty Images via Getty Images
Simon Property Group trims stake in Forever 21, Brooks Brothers brand-management firm Authentic
The mall REIT is unwinding some of its investment into the retail business, which CEO David Simon has acknowledged is more volatile than real estate.
By Daphne Howland • Feb. 8, 2024
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