Corporate/Finance: Page 33

  • A black-and-white picture of a man in a black leather suit jacket, white t-shirt and jeans standing at an angle and staring moodily at the camera
    Image attribution tooltip
    Courtesy of Bally
    Image attribution tooltip

    Bally’s creative director is out

    Rhuigi Villaseñor is leaving just over a year after joining the Swiss luxury fashion house.

    By • May 17, 2023
  • A the interior of a store glows through the front windows, with a sign reading "Bonobos" in white capital letters above.
    Image attribution tooltip
    Courtesy of Express, Inc. and WHP Global
    Image attribution tooltip
    Deep Dive

    What’s behind Walmart’s DTC selloffs?

    The retail giant has been ditching its e-commerce acquisitions for years to refocus on its core. But it could also mean a fresh start for Eloquii and Bonobos.

    By Dani James • May 17, 2023
  • Arched doorway leading to a storefront with the words maison margiela on it. An iron chandelier hangs in the foreground.
    Image attribution tooltip
    Vittorio Zunino Celotto via Getty Images
    Image attribution tooltip

    Maison Margiela CEO resigns

    Gianfranco Gianangeli has led the OTB-owned house since 2020, and a successor has not been named.

    By • May 12, 2023
  • Kanye West at Milk Studios
    Image attribution tooltip
    Jonathan Leibson / Stringer via Getty Images
    Image attribution tooltip

    Adidas plans to sell some of its Yeezy inventory and donate the money

    CEO Bjørn Gulden said Thursday that burning the $1.3 billion worth of products was not the solution.

    By Cara Salpini • May 12, 2023
  • Prada storefront in New York City.
    Image attribution tooltip
    Kaarin Vembar/Fashion Dive
    Image attribution tooltip

    Prada Group Q1 sales soared to over $1.16B

    The surge was driven by strong retail sales and growth for the Miu Miu brand, which was up 42%.

    By • May 12, 2023
  • Gold tone glass window with the words tapestry, coach, Kate spade and Stuart Weitzman etched on it.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Tapestry’s Q3 revenue growth fueled by young consumers

    The company says it acquired 1.2 million new customers in North America, approximately half of whom were Gen Z and millennials.

    By • May 12, 2023
  • People walking outside a Sperry shoe store during the day.
    Image attribution tooltip
    Jason Squires via Getty Images
    Image attribution tooltip

    Wolverine is ‘exploring strategic alternatives’ for Sperry

    CEO Brendan Hoffman said during an earnings call that the footwear company needs to focus on its core brands, including Merrell, Saucony and Sweaty Betty.

    By • May 11, 2023
  • A small boy in a facemask runs by a closed Gucci store.
    Image attribution tooltip
    Kevin Frayer via Getty Images
    Image attribution tooltip

    More executive departures at Gucci

    EVP Piero Braga is leaving to serve as CEO of Slowear, just a week after Robert Triefus departed to lead Stone Island.

    By • May 11, 2023
  • Two ThredUp boxes sitting on top of each other on a bed, with a teal sweater next to them.
    Image attribution tooltip
    Courtesy of ThredUp
    Image attribution tooltip

    ThredUp lists on alternative stock exchange

    The resale company will commit to a vision for sustainable and inclusive business practices on the Long-Term Stock Exchange.

    By Nate Delesline III • May 9, 2023
  • Screenshot of an Instagram page featuring six panels of 1970s fashion on models.
    Image attribution tooltip
    Retrieved from Bidayat/Walter Albini Archive on May 09, 2023
    Image attribution tooltip

    Bidayat to relaunch 1970s Italian fashion brand Walter Albini

    The Swiss investment firm founded by Rachid Mohamed Rachid purchased the label’s archives and intellectual property for an undisclosed amount.

    By • May 9, 2023
  • Winners of the Rising Star Awards stand in a line in front of a pink The Fashion Group International banner.
    Image attribution tooltip
    Patrick McMullan via Getty Images
    Image attribution tooltip

    Fashion Group International adds gender-neutral categories for Rising Star Awards

    In addition to handing out the honors last night, FGI launched its first mentorship program.

    By Howard Ruben • May 9, 2023
  • Shoppers walking by an Under Armour store.
    Image attribution tooltip
    Cara Salpini/Fashion Dive
    Image attribution tooltip

    Under Armour CEO: ‘Growth is, without a question, our highest priority’

    New chief Stephanie Linnartz identified a slew of areas that need work and rolled out a strategy that hinges on athleisure.

    By Cara Salpini • May 9, 2023
  • Robert Triefus is pictured.
    Image attribution tooltip
    Courtesy of Moncler SpA
    Image attribution tooltip

    Former Gucci exec Robert Triefus named CEO of Stone Island

    Triefus will lead Stone Island beginning June 1 as the brand works to broaden its international reach.

    By • May 5, 2023
  • Adidas store in Shanghai
    Image attribution tooltip
    Courtesy of Adidas
    Image attribution tooltip

    Adidas first quarter revenues drop 1%, beating expectations

    Yeezy loss continues to impact business, particularly in North America, but new collaborations such as Fear of God could offset losses in the second half of 2023.

    By • May 5, 2023
  • Jerome Powell, testimony, U.S. House, Financial Services Committee
    Image attribution tooltip
    Win McNamee via Getty Images
    Image attribution tooltip

    Federal Reserve hikes main rate while ‘highly attentive to inflation risks’

    For the fashion industry, this hike could continue to put pressure on companies to drive inventory productivity.

    By Jim Tyson • May 4, 2023
  • HanesBrands shopping bags are pictured
    Image attribution tooltip
    Kevin Parry / Stringer via Getty Images
    Image attribution tooltip

    HanesBrands works to reduce inventory but activewear still a concern

    The first quarter of 2023 was the third consecutive quarter of improvements for Hanes’ inventory, but it remains up 8% year over year.

    By • May 4, 2023
  • Photo of a Guess store
    Image attribution tooltip
    The image by Phillip Pessar is licensed under CC BY 2.0
    Image attribution tooltip

    Guess taps Hugo Boss alum for CFO seat

    The appointment of Markus Neubrand, a former CFO of Hugo Boss Americas, follows a “rigorous” search process, Guess CEO Carlos Alberini said.

    By Alexei Alexis • May 3, 2023
  • Exterior of an Allbirds store in Washington, D.C.'s Georgetown neighborhood
    Image attribution tooltip
    Caroline Jansen/Fashion Dive
    Image attribution tooltip

    Shareholder files lawsuit against Allbirds

    The complaint filed in April alleges the DTC brand’s registration statements in 2021 were false or misleading as it relates to non-core product offerings. 

    By Dani James • May 3, 2023
  • Rows of clothes are seen in a Shein store.
    Image attribution tooltip
    Presley Ann/Getty Images for SHEIN via Getty Images
    Image attribution tooltip

    Lawmakers ask SEC to halt potential Shein IPO bid

    A group of 24 lawmakers want the Chinese fast fashion giant to verify that it doesn’t use forced labor.

    By • May 2, 2023
  • The letters spelling out "Nordstrom" in capital letters create shadows on the brick facade of a store.
    Image attribution tooltip
    "Nordstrom - Oak Park Mall" by Mike Kalasnik is licensed under CC BY-SA 2.0
    Image attribution tooltip

    Nordstrom cuts tech workforce

    The layoffs come weeks after the company named a new chief technology and information officer. 

    By Kaarin Moore • May 2, 2023
  • A headshot of a smiling person with curly blond hair
    Image attribution tooltip
    Courtesy of Francesca's
    Image attribution tooltip

    Francesca’s snaps up basics brand Richer Poorer

    Two years out of bankruptcy and under private equity ownership, the mall-based retailer said it’s on the lookout for more acquisitions.

    By Daphne Howland • May 2, 2023
  • Models wearing red jackets, one above holding a black handbag with a chain, another below wearing sunglasses and purple pants, surround the name "Tom Ford" in white letters.
    Image attribution tooltip
    Courtesy of Tom Ford
    Image attribution tooltip

    Estée Lauder hires exec team as it completes acquisition of Tom Ford

    The deal valued the total enterprise at $2.8 billion, and ELC paid approximately $2.25 billion at closing.

    By • May 1, 2023
  • Adidas store in Shanghai
    Image attribution tooltip
    Courtesy of Adidas
    Image attribution tooltip

    Adidas sued in class-action lawsuit involving Yeezy partnership

    Investors are seeking to recover damages from the value of Adidas shares after reports that the German company’s top leadership knew of risks involving Kanye West before it was made public.

    By • May 1, 2023
  • A person walks by a lighted Chanel storefront in the evening
    Image attribution tooltip
    John Li via Getty Images
    Image attribution tooltip

    Chanel names Stephane Blanchard president of US region

    Blanchard comes from Chanel Korea, and he’s previously held roles helping the luxury brand’s Russian and German operations.

    By Natalie Schwartz • May 1, 2023
  • Skechers storefront.
    Image attribution tooltip
    Kaarin Vembar/Fashion Dive
    Image attribution tooltip

    Skechers logs record $2B in sales in first quarter

    Executives attribute the growth to customer satisfaction and successful ad campaigns, including a Super Bowl commercial featuring Martha Stewart and Snoop Dogg.

    By • April 28, 2023