Corporate/Finance: Page 31

  • A bald man in a suit and large black glasses sits in a red chair holding a microphone and staring over his shoulder.
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    Tristan Fewings via Getty Images
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    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 • July 18, 2023
  • The entrance to a store with the word "Express" repeated above each glass door.
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    Daphne Howland/Fashion Dive
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    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
  • A man in a tuxedo stands in front on a white wall with logos on it.
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    Joe Maher via Getty Images
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    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 • July 18, 2023
  • the front entrance of the Rochemonth headquarters in Geneva, Switzerland features a green lawn and glass signage.
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    Courtesy of Richemont
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    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 • July 17, 2023
  • A storefront of a David's Bridal retail store with sale signs.
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    Daphne Howland/Fashion Dive
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    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
  • Side by side images show a design that says "Make it fun" on a pink background, and a copy for sale on a website.
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    Retrieved from U.S. District Court, Central District of California, Western Division on July 14, 2023
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    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
  • A man in a dark t-shirt, jeans, and short hair stands unsmiling in front of a photo collage backdrop featuring images of models wearing casual clothing.
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    Craig Barritt via Getty Images
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    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 • July 14, 2023
  • The front desk at Oritain shows a cream colored room with flowers and an Oritain logo.
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    Courtesy of Oritain
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    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 • July 12, 2023
  • HanesBrands shopping bags are pictured
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    Kevin Parry / Stringer via Getty Images
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    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
  • Outside corner view of a Guess store, with a white facade, palm trees lining the street, and crowds of shoppers milling about.
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    Jason Koerner via Getty Images
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    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 • July 11, 2023
  • A Tommy Hilfiger sign is pictured on a storefront.
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    Mario Tama/Getty Images via Getty Images
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    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 • Updated July 17, 2023
  • Exterior of a DSW store.
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    "DSW" by Mike Mozart is licensed under CC BY 2.0
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    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
  • A person sits on a brown couch, wearing a bright blue track suit.
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    Retrieved from Stateside on August 31, 2021
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    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
  • The China women's soccer team wears black suits, white shirts, and black loafers.
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    Courtesy of Prada
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    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 • July 10, 2023
  • A store display with a red Levi's sign includes jeans in various shades of blue, folded on shelves and hanging on racks.
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    Daphne Howland/Fashion Dive
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    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
  • Headshot in black and white of Shahzad Akhtar, a man in a suit with glasses and a beard
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    Alsara

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    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 • July 5, 2023
  • Adidas head of HR, Amanda Rajkumar
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    Courtesy of Adidas
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    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 is pictured, smiling at a speaking event.
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    Samir Hussein/Getty Images for The Business of Fashion via Getty Images
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    Avery Baker steps down from Tommy Hilfiger

    Baker, previously chief brand officer and president, had been with the brand for roughly 24 years.

    By • July 5, 2023
  • Nike's first Nike Rise concept store in Guangzhou, China
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    Courtesy of Nike
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    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
  • An Under Armour storefront
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    Kaarin Vembar/Fashion Dive
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    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
  • Flowers and Shein branding on display.
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    Shirlaine Forrest via Getty Images
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    Q&A

    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 • Updated July 6, 2023
  • A small hanging store sign reads "Chico's."
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    Daphne Howland/Fashion Dive
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    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
  • Savage x Fenty store opening in Las Vegas.
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    Courtesy of Savage x Fenty
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    Savage x Fenty appoints new CEO

    The direct-to-consumer lingerie brand, founded by music star Rihanna, has been steadily expanding its store footprint.

    By Dani James • June 23, 2023
  • Shoppers walking by an Under Armour store.
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    Cara Salpini/Fashion Dive
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    Under Armour lays off 50 in corporate roles

    The cuts are across “several functions” and were made to support the company’s path to profitability.

    By Cara Salpini • June 22, 2023
  • A man in a a black shirt and pants waves with both hands to a seated crowd at the end of a fashion runway.
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    Ben A. Pruchnie via Getty Images
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    Luxury brand Christopher Kane seeks buyer: Bloomberg

    The board of the London-based brand is seeking help to refinance its debt or appoint insolvency administrators to help shutter the label.

    By • June 21, 2023