AG Jeans taps fashion industry veteran for new CEO role

Glenn McMahon will be the California-based company’s first CEO in its 20-plus year history and will report to AG owner and founder Yul Ku.

By Lara Ewen • July 24, 2023

Yeezy was only part of Adidas’ problems. The athleticwear brand has been falling further behind Nike for years.

Since 2013, Adidas’ net sales have grown by less than $5 billion as it struggles to keep pace with the broader market. Could a new CEO and a clean slate reverse those trends?

By Cara Salpini • July 24, 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

True Religion’s new chief marketing officer will lead the brand’s digital pivot

Kristen D’Arcy, formerly of Pacsun and American Eagle Outfitters, said she expects e-commerce to represent 50% of the brand’s revenue in a few years.

By Lara Ewen • July 19, 2023

Gucci president and CEO Marco Bizzarri steps down

Jean-François Palus, Kering Group’s managing director, has been appointed to the role for a transitional period.

By Lara Ewen • July 18, 2023

Express chief merchandising officer exits

Malissa Akay has left the apparel retailer effective immediately, according to a Friday regulatory filing.

By Nate Delesline III • July 18, 2023

Tom Ford Fashion appoints new CEO

Lelio Gavazza was tapped to take on the newly-created role and will report directly to Ermenegildo Zegna, chairman and CEO of Zegna Group.  

By Lara Ewen • July 18, 2023

Richemont sales up 14%, with Asia leading the rebound

Shares fell after news that sales in the Americas dropped 2% as a result of weak wholesale and retail numbers.

By Lara Ewen • July 17, 2023

David’s Bridal reportedly will keep nearly 200 stores open under new ownership

The chain has been seeking a buyer since before its April bankruptcy filing. An offer from Cion Investment Corp was approved.

By Daphne Howland • July 17, 2023

Designers sue Shein for copyright infringement under racketeering laws

The RICO statute could help plaintiffs wrestle with the e-commerce giant’s unusual corporate structure and production strategy, experts say. 

By Daphne Howland • July 14, 2023

Rag & Bone co-founder Marcus Wainwright steps down

Creative duties will be handed over to Jennie McCormick for womenswear, footwear and accessories, with Kyle Sweeney leading menswear and merchandising.

By Lara Ewen • July 14, 2023

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

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 Moore • 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

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