Corporate/Finance: Page 22
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J. Jill refinances long-term debt, plans new POS
After warning of potential bankruptcy in 2020, the retailer is now focused on investments to enhance its omnichannel capabilities.
By Nate Delesline III • June 8, 2023 -
Mycelium technology company Ecovative raises over $30M
The company plans to increase production of its Forager line of hides and flexible foams ahead of new brand partner footwear and apparel launches.
By Lara Ewen • Updated June 8, 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 -
Sorel brand president resigns to focus on health
Columbia Sportswear Company announced that Mark Nenow stepped down from the footwear brand after about eight years in the position.
By Dani James • June 6, 2023 -
Patagonia and Gap settle pullover fleece design lawsuit
Patagonia had accused Gap of deliberately copying its apparel designs and logos, saying they confused customers.
By Nate Delesline III • June 5, 2023 -
Dr. Martens reaches revenue milestone while sales in the Americas disappoint
The footwear company attributed its struggle in the region to a poor transition of distribution centers and its marketing campaigns.
By Dani James • June 2, 2023 -
Patagonia sues Nordstrom, claiming counterfeit sales at Rack
The brand recently stopped selling via the department store and its off-price stores and discovered the alleged fakes this year, per court documents.
By Daphne Howland • June 1, 2023 -
Converse taps North America VP as new CEO
Nearly a dozen people have changed roles in the retailer’s executive ranks in recent months.
By Nate Delesline III • May 31, 2023 -
Simone Bellotti named design director of Bally
He moves into the top design role in the wake of Rhuigi Villaseñor’s sudden departure earlier this month.
By Lara Ewen • May 31, 2023 -
Journeys to close 100 stores this year, move away from malls
The number is up from a previous estimate of 60 locations and will save up to $40 million, according to parent company Genesco.
By Tatiana Walk-Morris • May 30, 2023 -
Gap Inc. losses shrink in Q1 as sales continue to slide
Major cost cuts, including the elimination of some 2,300 jobs in recent months, are helping stabilize the bottom line.
By Daphne Howland • May 26, 2023 -
Chanel sales rise to a record $17B
The privately owned luxury house plans to increase its workforce and expand its London headquarters in the coming year.
By Lara Ewen • May 25, 2023 -
In massive executive shuffle, Nike names new Jordan president
Craig Williams will take on a new role as president of geographies and marketplace, while Sarah Mensah takes on Jordan. The retailer also named a new head of North America.
By Cara Salpini • May 25, 2023 -
Chanel buys partial stake of Italian yarn maker Cariaggi
The French luxury fashion house teamed up with Brunello Cucinelli in a joint agreement, with both now owning 24.5% of the natural fibers supplier.
By Laurel Deppen • May 24, 2023 -
H&M CEO Helena Helmersson named Fashion Pact co-chair
The group, led by 15 fashion CEOs, includes representatives of brands, retailers and suppliers committed to reducing the industry’s carbon footprint.
By Laurel Deppen • May 23, 2023 -
Canada Goose revenue jumps in Q4 as it focuses on DTC
The brand is leaning into its direct-to-consumer channel, which saw sales increase 22.6% in the period, as it plans to open 16 stores in fiscal 2024.
By Dani James • May 19, 2023 -
Shein raises $2B but valuation drops: WSJ
Despite the new funding, the fast fashion giant’s value has reportedly decreased to $66 billion.
By Laurel Deppen • Updated May 18, 2023 -
Burberry sales rebound despite weak US showing
The fourth quarter boost was aided by a comeback in China, the luxury company’s biggest market.
By Lara Ewen • May 18, 2023 -
B. Riley acquires equity interest in Scotch & Soda through Bluestar
The arrangement solidifies financial ties between the financial group and the brand management company, and adds to a growing stable of fashion labels under their control.
By Lara Ewen • Updated May 17, 2023 -
Bally’s creative director is out
Rhuigi Villaseñor is leaving just over a year after joining the Swiss luxury fashion house.
By Lara Ewen • May 17, 2023 -
Deep Dive
What’s behind Walmart’s DTC selloffs?
The retail giant has been ditching its e-commerce acquisitions for years to refocus on its core. But it could also mean a fresh start for Eloquii and Bonobos.
By Dani James • May 17, 2023 -
Maison Margiela CEO resigns
Gianfranco Gianangeli has led the OTB-owned house since 2020, and a successor has not been named.
By Lara Ewen • May 12, 2023 -
Adidas plans to sell some of its Yeezy inventory and donate the money
CEO Bjørn Gulden said Thursday that burning the $1.3 billion worth of products was not the solution.
By Cara Salpini • May 12, 2023 -
Prada Group Q1 sales soared to over $1.16B
The surge was driven by strong retail sales and growth for the Miu Miu brand, which was up 42%.
By Lara Ewen • May 12, 2023 -
Tapestry’s Q3 revenue growth fueled by young consumers
The company says it acquired 1.2 million new customers in North America, approximately half of whom were Gen Z and millennials.
By Lara Ewen • May 12, 2023 -
Wolverine is ‘exploring strategic alternatives’ for Sperry
CEO Brendan Hoffman said during an earnings call that the footwear company needs to focus on its core brands, including Merrell, Saucony and Sweaty Betty.
By Lara Ewen • May 11, 2023