Corporate/Finance: Page 3
-
Mulberry’s board joins majority shareholder in rejecting Frasers acquisition bid
This was the minority shareholder’s latest offer to acquire the shares it did not already own in the luxury company.
By Lara Ewen • Oct. 23, 2024 -
Thom Browne pulls Zegna Group Q3 revenue down 8%
Luxury sector challenges hit all the company’s brands, including Tom Ford Fashion and its namesake label.
By Lara Ewen • Oct. 22, 2024 -
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 -
Levi Strauss taps Maersk for fulfillment and logistics
The logistics provider opened an omnichannel facility in Ohio to service Levi’s wholesale, retail and e-commerce channels.
By Alejandra Carranza • Oct. 22, 2024 -
Sway scaling compostable seaweed-based polybags with fashion brands
Prana, Faherty and other brands will begin using the bags to package items like shirts and shorts. California-based material innovation startup Sway says the next applications it’s eyeing include mailers and multilayer packaging.
By Maria Rachal • Updated Oct. 25, 2024 -
EssilorLuxottica sees slight revenue increase as it looks to solidify its position in med-tech
The Ray-Ban owner’s partnership with tech giant Meta for wearables was one of its “strongest drivers of the quarter.”
By Laurel Deppen • Oct. 18, 2024 -
Adidas momentum continues with 7% sales growth
Preliminary results for the third quarter also showed that, excluding Yeezy sales from this year and last, currency-neutral revenue surged 14%.
By Cara Salpini • Oct. 17, 2024 -
Ferragamo predicts more revenue declines in 2024
After reporting a 9.6% year-over-year drop in Q3, the luxury company’s CEO said he expects the downward trend to continue.
By Laurel Deppen • Oct. 16, 2024 -
LVMH continues to be hit by luxury sector challenges
Fashion and leather goods revenue was down 6% for the third quarter due in part to softening demand throughout Asia.
By Lara Ewen • Oct. 16, 2024 -
Lorenzo Serafini named creative director of Alberta Ferretti
The former Ferretti diffusion line designer replaces the brand’s founder, who stepped down from her role in September after 24 years.
By Lara Ewen • Oct. 16, 2024 -
Altuzarra and P180 to launch online rental
The brand is partnering with a firm co-founded by former Wolverine CEO Brendan Hoffman to change the way consumers engage with luxury fashion.
By Lara Ewen • Oct. 15, 2024 -
Nike shakeup continues with appointment of new North America chief
A week after a new CEO arrives, Tom Peddie shifts from vice president of marketplace partners to replace Scott Uzzell, who is leaving.
By Daphne Howland • Oct. 14, 2024 -
Sustainable materials firm Modern Meadow names new CEO
David Williamson will take on the top spot after previously serving as president and COO.
By Laurel Deppen • Oct. 14, 2024 -
Mulberry majority shareholder rejects second acquisition bid from Frasers
Despite an increased offer, the luxury fashion brand’s shareholder said it “has no interest” in selling its shares to the minority shareholder.
By Lara Ewen • Updated Oct. 15, 2024 -
Authentic Brands Group, Saks team up on luxury joint venture
Growth of a slew of Authentic-owned labels will follow the pattern set by Barneys New York, which the brand-management firm acquired in 2019.
By Daphne Howland • Oct. 11, 2024 -
Todd Snyder’s Black Label Collection launches
The 65-piece collection is the designer’s first since taking over as creative director for the new Woolrich line last year.
By Hayley Lind • Oct. 10, 2024 -
Vestiaire Collective launches AI search tools, names new CTO
In addition to the new hire, the luxury resale platform added Jim Freeman to its board, who worked at Amazon.
By Howard Ruben • Oct. 10, 2024 -
H&M to phase out new down fiber
The fast fashion company said it will only source feathers from post-consumer recycled sources.
By Laurel Deppen • Oct. 10, 2024 -
URBN prioritizes Nuuly’s growth with logistics investments
The retailer plans to add more automation to its Missouri fulfillment center to accelerate the rental brand’s order processing.
By Alejandra Carranza • Oct. 10, 2024 -
Gucci names Stefano Cantino new CEO
He will lead the brand starting in the new year, after joining the Kering-owned luxury house in May.
By Laurel Deppen • Oct. 8, 2024 -
Another rough year for department stores
The segment is undergoing a quiet shakeup in 2024, with major players pursuing varying degrees of change to their operations.
By Daphne Howland • Oct. 8, 2024 -
Richemont sells Yoox Net-A-Porter for $610M
The luxury house sold the segment to Mytheresa and will gain a 33% stake in the e-commerce company.
By Laurel Deppen • Oct. 7, 2024 -
AAFA pushes again for Facebook, Instagram to join the notorious markets list
One association member said Meta’s social platforms “pose the most significant threat” to its IP and brand integrity of any global platform.
By Nate Delesline III • Oct. 7, 2024 -
Fear of God, Pacsun veteran to lead Everlane
Alfred Chang will take over as chief executive nearly a year after Andrea O’Donnell left the post to join footwear retailer Designer Brands.
By Daphne Howland • Oct. 3, 2024 -
Authentic names licensing, management partners for Champion
The new partners were announced after HanesBrands’ sale of the activewear brand closed.
By Laurel Deppen • Oct. 2, 2024 -
Michael Rider named creative director of Céline
The designer replaces Hedi Slimane, who leaves the role after nearly seven years with the LVMH-owned luxury house.
By Lara Ewen • Oct. 2, 2024