More executive departures at Gucci

EVP Piero Braga is leaving to serve as CEO of Slowear, just a week after Robert Triefus departed to lead Stone Island.

By Lara Ewen • May 11, 2023

ThredUp lists on alternative stock exchange

The resale company will commit to a vision for sustainable and inclusive business practices on the Long-Term Stock Exchange.

By Nate Delesline III • May 9, 2023

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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

Bidayat to relaunch 1970s Italian fashion brand Walter Albini

The Swiss investment firm founded by Rachid Mohamed Rachid purchased the label’s archives and intellectual property for an undisclosed amount.

By Lara Ewen • May 9, 2023

Fashion Group International adds gender-neutral categories for Rising Star Awards

In addition to handing out the honors last night, FGI launched its first mentorship program.

By Howard Ruben • May 9, 2023

Under Armour CEO: ‘Growth is, without a question, our highest priority’

New chief Stephanie Linnartz identified a slew of areas that need work and rolled out a strategy that hinges on athleisure.

By Cara Salpini • May 9, 2023

Former Gucci exec Robert Triefus named CEO of Stone Island

Triefus will lead Stone Island beginning June 1 as the brand works to broaden its international reach.

By Laurel Deppen • May 5, 2023

Adidas first quarter revenues drop 1%, beating expectations

Yeezy loss continues to impact business, particularly in North America, but new collaborations such as Fear of God could offset losses in the second half of 2023.

By Lara Ewen • May 5, 2023

Federal Reserve hikes main rate while ‘highly attentive to inflation risks’

For the fashion industry, this hike could continue to put pressure on companies to drive inventory productivity.

By Jim Tyson • May 4, 2023

HanesBrands works to reduce inventory but activewear still a concern

The first quarter of 2023 was the third consecutive quarter of improvements for Hanes’ inventory, but it remains up 8% year over year.

By Laurel Deppen • May 4, 2023

Guess taps Hugo Boss alum for CFO seat

The appointment of Markus Neubrand, a former CFO of Hugo Boss Americas, follows a “rigorous” search process, Guess CEO Carlos Alberini said.

By Alexei Alexis • May 3, 2023

Shareholder files lawsuit against Allbirds

The complaint filed in April alleges the DTC brand’s registration statements in 2021 were false or misleading as it relates to non-core product offerings. 

By Dani James • May 3, 2023

Lawmakers ask SEC to halt potential Shein IPO bid

A group of 24 lawmakers want the Chinese fast fashion giant to verify that it doesn’t use forced labor.

By Laurel Deppen • May 2, 2023

Nordstrom cuts tech workforce

The layoffs come weeks after the company named a new chief technology and information officer. 

By Kaarin Vembar • May 2, 2023

Francesca’s snaps up basics brand Richer Poorer

Two years out of bankruptcy and under private equity ownership, the mall-based retailer said it’s on the lookout for more acquisitions.

By Daphne Howland • May 2, 2023

Estée Lauder hires exec team as it completes acquisition of Tom Ford

The deal valued the total enterprise at $2.8 billion, and ELC paid approximately $2.25 billion at closing.

By Lara Ewen • May 1, 2023

Adidas sued in class-action lawsuit involving Yeezy partnership

Investors are seeking to recover damages from the value of Adidas shares after reports that the German company’s top leadership knew of risks involving Kanye West before it was made public.

By Laurel Deppen • May 1, 2023

Chanel names Stephane Blanchard president of US region

Blanchard comes from Chanel Korea, and he’s previously held roles helping the luxury brand’s Russian and German operations.

By Natalie Schwartz • May 1, 2023

Skechers logs record $2B in sales in first quarter

Executives attribute the growth to customer satisfaction and successful ad campaigns, including a Super Bowl commercial featuring Martha Stewart and Snoop Dogg.

By Lara Ewen • April 28, 2023

NakedCashmere taps former Victoria’s Secret exec for CEO

Patti Cazzato is stepping into the role as the company gears up for expansion after being acquired by Naga Brands and BlueSentinel last year.

By Laurel Deppen • April 28, 2023

Crocs raises full-year guidance as HeyDude doubles revenue

The company is investing in the smaller brand's growth by expanding its distribution capabilities and wholesale partners.

By Nate Delesline III • April 28, 2023

Mugler names Adrian Corsin managing director

Corsin takes over from Pascal Conte-Jodra as the luxury house pursues buzzy collaborations with the likes of H&M and Wolford.

By Natalie Schwartz • April 28, 2023

Gap lays off 1,800 employees amid major restructuring

The massive downsizing is part of an effort to peel away management layers and slash expenses.

By Daphne Howland • April 27, 2023

Many apparel companies don’t tie sustainability goals to executive compensation, report finds

Planet Tracker analyzed the top 30 fashion and apparel companies based on adjusted revenue to determine which were tying pay to climate goals.

By Natalie Schwartz • April 27, 2023

Puma Q1 sales rise 14.4% despite North American revenue dip

The German company said growth in other areas helped offset those losses, particularly in the Greater China region.

By Natalie Schwartz • April 26, 2023

Kering posts mixed earnings, with Gucci sales rising 1%

The luxury conglomerate brought in about $5.6 billion, with sales nearly flat as declining wholesale revenue eats up the company’s financial gains.

By Natalie Schwartz • April 26, 2023