Corporate/Finance: Page 27
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Skechers logs $2B in Q3 sales, domestic wholesale flat
The footwear giant hopes that after a “difficult year” for wholesale, next year may offer growth for the segment.
By Laurel Deppen • Oct. 27, 2023 -
Biomaterials startup lands $3.3M in funding to boost production of its leather alternative
Gozen, which recently debuted its material with Balenciaga, is seeking to scale its production with a new facility.
By Laurel Deppen • Oct. 26, 2023 -
Capri shareholders approve sale to Tapestry
The merger agreement, first announced in August, was authorized during a special meeting of shareholders.
By Laurel Deppen , Lara Ewen • Oct. 26, 2023 -
Kering revenue drops 13% in Q3 as global luxury sales falter
Almost all the firm’s fashion brands saw double-digit declines as its retail and wholesale numbers also fell.
By Lara Ewen • Oct. 25, 2023 -
Former Nike exec Trevor Edwards joins VF Corp.’s board
Edwards, once seen as stepping into the CEO role at the athletic gear powerhouse, left five years ago as questions swirled about its work culture.
By Daphne Howland • Oct. 25, 2023 -
Zegna Group Q3 revenue up 20.8% with strong DTC sales
U.S. sales showed a robust 47.8% growth, which the company partly attributed to its newly added Tom Ford fashion segment.
By Lara Ewen • Oct. 24, 2023 -
Puma reports increased sales in footwear segment, normalized inventory
The sportswear giant reaffirmed its full fiscal year projections while the brand’s wholesale and DTC businesses saw strong increases.
By Laurel Deppen • Oct. 24, 2023 -
Richemont and Farfetch receive antitrust clearance on YOOX Net-a-Porter deal
Farfetch will receive a 47.5% stake in the online luxury platform in exchange for shares in Richemont.
By Lara Ewen • Oct. 23, 2023 -
Steve Madden acquires Almost Famous in $52M deal
Prior to the purchase, the apparel brand was the exclusive licensee of Madden NYC.
By Laurel Deppen • Oct. 23, 2023 -
Ferragamo revenues slide 8.3% as retail and wholesale channels lag
North American regional sales dropped more than 20% and global sales were down in every product category.
By Lara Ewen • Oct. 20, 2023 -
David’s Bridal promotes slate of company veterans in preparation for post-bankruptcy turnaround
The special-occasion apparel chain struggled after its previous Chapter 11 exit in 2018 as the pandemic roiled its business.
By Daphne Howland • Oct. 20, 2023 -
Boardriders lays off 84 California employees, including C-Suite members
The news comes after the company was acquired by Authentic Brands Group last month.
By Laurel Deppen • Updated Feb. 27, 2025 -
Activist firm calls VF Corp. under ex-CEO a ‘death star,’ demands $300M in cost cuts and a board shakeup
But some proposals floated by Engaged Capital are already in place under new CEO Bracken Darrell and could take time to bear fruit, Wedbush said.
By Daphne Howland • Oct. 19, 2023 -
Under Armour taps Gap veteran as chief supply chain officer
Shawn Curran joins the footwear and apparel brand after three decades with Gap.
By Alejandra Carranza • Oct. 18, 2023 -
Apparel firms rank in top 100 public companies on ESG disclosures
The 100 Best Corporate Citizens report found that Nike, VF Corp. and Ralph Lauren got top marks in environmental and social practices.
By Laurel Deppen • Oct. 18, 2023 -
Moschino appoints new creative director
Davide Renne, formerly head designer of womenswear at Gucci, will take on the role that's been vacant since Jeremy Scott's departure in March.
By Lara Ewen • Oct. 16, 2023 -
Birkenstock slides 12% in public market debut
The footwear brand began trading at $41 a share on Wednesday after pricing its IPO at $46.
By Caroline Jansen • Oct. 13, 2023 -
Levi’s brings inventory under control, expands supplier base
The apparel company has made swift progress in cleaning up its stock recently after a “tough” time trying to operate its distribution centers.
By Ben Unglesbee • Oct. 12, 2023 -
Skechers granted an injunction against Dockers for alleged patent infringement
A regional court in Germany has prohibited Dockers from selling a slip-on style shoe in the European Union.
By Laurel Deppen • Oct. 11, 2023 -
Adidas President of North America Rupert Campbell to exit
Arthur Hoeld, who is already responsible for global sales at Adidas, will take over Campbell’s responsibilities until a replacement is found.
By Cara Salpini • Oct. 11, 2023 -
LVMH revenue up 1% in Q3 as luxury’s boom slows
The company’s fashion and leather goods division saw a 9% increase, but growth has slowed following a more robust first half of the year.
By Lara Ewen • Oct. 11, 2023 -
Nike kicks the inventory doldrums with levels down 10%
The sportswear giant has come a long way from a year ago, when stock levels were surging with retailers and consumers pulling back on purchasing.
By Ben Unglesbee • Oct. 10, 2023 -
Pandora looks to retail expansion for growth
The jewelry brand set new financial targets for revenue and free cash flow related to its Phoenix growth strategy.
By Dani James • Oct. 9, 2023 -
Chloé names a new creative director
Chemena Kamali replaces Gabriela Hearst, who left the Richemont-owned house earlier this year.
By Lara Ewen • Oct. 9, 2023 -
Levi’s posts flat revenue for Q3, cuts full-year guidance
The company cut its outlook for the second consecutive quarter, stating its approach was cautious due to macro-environment uncertainty.
By Nate Delesline III • Oct. 6, 2023