Corporate/Finance: Page 25


  • Authentic Brands Group to acquire Boardriders

    Buying Billabong and Quiksilver’s parent company aligns with ABG's goal to grow its international presence.

    By Natalie Schwartz • April 4, 2023
  • Illustration of person wearing a red dress and heels looking up at an abstract set of stairs
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    Shaun Lucas/Industry Dive; Getty Images

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    Deep Dive

    Outsiders are taking over fashion companies. Are they here to stay?

    Fashion companies are looking beyond their ranks to find leaders who are well versed in technology and supply chain issues.

    By Christopher Blomquist • April 3, 2023
  • Models in colorful clothes walk the runway during the Pharrell Williams Louis Vuitton Menswear Spring/Summer 2024 show finale as part of Paris Fashion Week. Explore the Trendline
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    Aurelien Meunier via Getty Images
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    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
  • A bright red facade features a cut-out of the word "Express" at a mall store entrance.
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    Daphne Howland/Fashion Dive
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    Express faces NYSE delisting

    The apparel retailer may enact a reverse stock split — subject to board and stockholder approval — in order to reach compliance. 

    By Kaarin Vembar • April 3, 2023
  • A model walks the runway at the Roberto Cavalli fashion show during the Milan Fashion Week Womenswear Fall/Winter 2023/2024 on February 22, 2023 in Milan, Italy.
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    Vittorio Zunino Celotto via Getty Images
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    Roberto Cavalli taps Dsquared2 alum as new CEO

    Sergio Azzolari will be expected to continue the brand’s turnaround after it filed for bankruptcy protection in 2019.

    By Natalie Schwartz • April 3, 2023
  • Inventory up 34% at PVH as orders ship faster, earlier

    As supply chain disruption eases, the owner of the Calvin Klein and Tommy Hilfiger brands is getting back to normal product flow.

    By Ben Unglesbee • April 3, 2023
  • Basketball star Steph Curry holds a basketball with Under Armour founder Kevin Plank.
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    Courtesy of Under Armour
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    Under Armour names Steph Curry president of Curry Brand in expanded partnership

    As part of the deal, Curry’s influence at the brand will now expand to include golf, women’s, youth and sportstyle categories.

    By Cara Salpini • March 31, 2023
  • A model walks the runway at the Moschino fashion show wearing a purple high-low skirt and knee-high black boots and carrying a Moschino bag.
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    Tristan Fewings via Getty Images
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    Moschino’s general manager, Stefano Secchi, is out

    The departure comes after a tumultuous month for the house, which recently saw the exit of Creative Director Jeremy Scott and Michelle Stein, president of parent company Aeffe’s USA division.

    By March 31, 2023
  • Lululemon storefront.
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    Kaarin Vembar/Fashion Dive
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    Lululemon revenue surges 30% in 2022, but Mirror drags down results

    The retailer took a $443 million impairment charge on the home workout business in Q4 as it pivots to an app-focused content model.

    By Cara Salpini • March 29, 2023
  • J. Crew undergoes layoffs

    The apparel retailer has “made decisions to support efficiency and long-term growth,” according to a company spokesperson. 

    By Kaarin Vembar • March 28, 2023
  • A Scotch & Soda storefront in Berlin
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    Courtesy of Scotch & Soda
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    Scotch & Soda acquired by Bluestar Alliance

    The fashion lifestyle brand filed for bankruptcy in the Netherlands last week, and now joins a portfolio that includes Justice and Brookstone.

    By Dani James • March 27, 2023
  • Federal Reserve Chair Jerome Powell.
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    Scott Olson via Getty Images
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    Fed hikes main rate by quarter-point, notes ‘resilient’ banking system

    The central bank tightened borrowing costs despite banking instability as inflation persists well above its 2% target.

    By Jim Tyson • March 22, 2023
  • A Nike storefront at The Grove shopping center in Los Angeles, California.
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    Cara Salpini/Fashion Dive
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    Nike touts ‘tremendous progress’ on inventory as sales grow 14%

    Much of the retailer’s recent revenue surge has been driven by markdowns, analysts said, and inventory is still up 16% year over year.

    By Cara Salpini • March 22, 2023
  • At the back of a runway, Jeremy Scott, wearing a white, t-shirt waves
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    Pier Marco Tacca via Getty Images
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    Jeremy Scott exits creative director role at Moschino

    The American designer took over in 2013 and brought his signature sense of humor to the whimsical Italian luxury brand.

    By March 21, 2023
  • A photo illustration of a purse with NFT coins and a recycle symbol.
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    Photo illustration: Shaun Lucas/Industry Dive; Getty Images 

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    Deep Dive

    Fashion makeover: 5 ways to rethink the industry in 2023

    Analysts say brands have to look beyond NFTs and buzzy collaborations to bring greater agility to its supply chain, transparency to its sustainability efforts and practicality to its tech adoption. 

    By , March 20, 2023
  • Exterior of a brick building with the Etsy name on it.
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    Courtesy of Etsy
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    ‘An existential threat’: Brands react to Silicon Valley Bank’s collapse

    SVB was closed on Friday and taken over by federal regulators, leaving some brands in the dark about how they would access their capital.

    By Dani James • March 13, 2023
  • Mannequins in orange and white stand in a store window to left of a black-trimmed doorway of an Athleta store, others in black and white are on the right.
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    Daphne Howland/Fashion Dive
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    More shakeup at Gap Inc. as sales fall, losses mount

    The apparel retailer said it’s close to naming a new CEO, but announced the exit of a few executives, including Athleta chief Mary Beth Laughton.

    By Daphne Howland • March 10, 2023
  • A Nike storefront at The Grove shopping center in Los Angeles, California.
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    Cara Salpini/Fashion Dive
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    Nike taps new head of women’s, DEI

    Changes on the DTC side of the business will help support its digital-led strategy, the company said.

    By Cara Salpini • March 8, 2023
  • Someone stands to left of a store window with a white neon sign that reads "The Levi's Tailor Shop San Francisco."
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    Daphne Howland/Fashion Dive
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    Levi’s CEO: ‘The skinny jean is not going anywhere’

    Baggy styles are on-trend and selling, but the closet staple is hanging around. Meanwhile, the company sees inventory returning to normal by mid-year.

    By Daphne Howland • Jan. 26, 2023