Corporate/Finance: Page 5

  • Models walk the runway wearing items from Tommy Hilfiger.
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    JP Yim via Getty Images
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    PVH Corp. appoints new CEO of EMEA

    Fredrik Olsson joins the Calvin Klein and Tommy Hilfiger parent company after leading Dubai-based Max Fashion.

    By • Sept. 5, 2024
  • An empty room ahead of a New York Fashion Week show.
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    Brian Ach/Getty Images for IMG via Getty Images
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    New York’s fashion economy is ‘at a crossroads’: report

    Ahead of New York Fashion Week, a coalition of local businesses is calling on industry and government leaders to invest in the region’s fashion future.

    By • Sept. 5, 2024
  • 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 red sign with a white logo and the words "under armour" in white capital letters hangs from an iron post.
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    Daphne Howland/Fashion Dive
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    Under Armour seeks savings from streamlined supply chain strategy

    The sportswear company is primarily focused on enhancing cross-channel capabilities and end-to-end planning.

    By Kelly Stroh • Sept. 5, 2024
  • Haider Ackermann stands for a professional headshot in black and white.
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    Courtesy of Tom Ford
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    Tom Ford names creative director

    Haider Ackermann succeeds Peter Hawkings who left the brand in July after more than a decade.

    By • Sept. 4, 2024
  • The signage on a Burberry storefront is pictured in a closeup, with two Burberry flags on either side.
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    Carl Court via Getty Images
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    Burberry names chief marketing officer and president of Americas

    Jonathan Kiman and Laura Dubin-Wander, previously of Gucci and OTB North America, respectively, are the first leadership changes under Burberry’s new CEO.

    By • Sept. 4, 2024
  • Clare Waight Keller stands for a professional headshot wearing an oversized suit set.
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    Courtesy of Uniqlo
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    Uniqlo names Clare Waight Keller creative director

    The designer, who held top creative roles at luxury fashion houses Givenchy and Chloé, will lead the Fast Retailing-owned brand’s mainline collection and menswear.

    By • Sept. 3, 2024
  • A person with white wired headphones and a white bag stands outside a clothing store.
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    Daphne Howland/Fashion Dive
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    A slowing women’s business is hurting Lululemon’s growth

    While CEO Calvin McDonald said the Breezethrough leggings debacle had a “negligible impact” on its sales, the brand continues to suffer from other merchandise misses.

    By Cara Salpini • Sept. 3, 2024
  • A UPS driver makes a delivery on June 30, 2023 in Miami, Florida.
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    Joe Raedle via Getty Images
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    Deep Dive

    Temu and Shein packages are flooding delivery networks. Will the surge persist?

    Parcel carriers are counting on the e-commerce companies to adapt to any potential de minimis changes, as many have come to rely on the added volume.

    By Max Garland • Aug. 30, 2024
  • A Calvin Klein sign hangs outside a Calvin Klein outlet store.
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    Laurel Deppen/Fashion Dive
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    PVH revenue falls 6% as it rethinks sales strategy in Europe

    The Calvin Klein and Tommy Hilfiger parent company is still planning to reach $12.5 billion in annual revenue by next year.

    By • Aug. 28, 2024
  • A photo illustration of the Temu app on a phone next to the Temu logo. The Temu logo is orange with icons representing a dress, toy horse, shoe and purse.
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    Justin Sullivan via Getty Images
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    Temu accused of sending unsolicited marketing texts in class action lawsuit

    The fast fashion giant allegedly sent messages to consumers who had opted out of them.

    By • Aug. 28, 2024
  • Adidas store in Shanghai
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    Courtesy of Adidas
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    Adidas opts to avoid China in US product sourcing

    The athleticwear brand is leaning on more localized supply chains to improve its speed and agility.

    By Kelly Stroh • Aug. 27, 2024
  • High-heeled shoes on display underneath a sign that reads Sergio Rossi.
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    Vittorio Zunino Celotto via Getty Images
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    Lanvin Group pummeled by luxury sector troubles

    Revenue dropped 20%, which the company attributed declines to “global market softness” and challenges in the wholesale market.

    By • Aug. 27, 2024
  • A person in a black dress stands and smiles at the camera.
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    Courtesy of Universal Standard
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    Q&A

    Universal Standard’s CEO talks inclusivity, legacy and brand-building

    As Polina Veksler expands her business, she also wants to push the fashion industry to be more size inclusive.

    By • Aug. 21, 2024
  • Four white sneakers with contrasting dark stripes are posed on a tri-tone background.
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    Courtesy of Unified Commerce Group
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    Steve Madden sells Greats to Unified Commerce Group

    The upscale sneaker label will join apparel brands Frank And Oak and Spiritual Gangster on the growing retail platform.

    By • Aug. 20, 2024
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    "Guess Jeans Label" by Mike Mozart is licensed under CC BY 2.0
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    Guess CFO resigns after one year

    The finance chief’s abrupt departure comes on the heels of the apparel manufacturer’s deal earlier this year to buy the trendy fashion brand Rag & Bone.

    By Maura Webber Sadovi • Aug. 20, 2024
  • A person wearing a dark suit, light blue shirt and light pink necktie.
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    Noam Galai via Getty Images
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    Fabrizio Freda prepares to step down as Estée Lauder CEO

    Freda has been at the helm for 16 years and will exit in the midst of a turnaround that has entailed layoffs and other leadership change.

    By Daphne Howland • Aug. 19, 2024
  • Two people stand back to back in front of a purple sky backdrop. They are wearing heavily logoed Hot Wheels and Wrangler shirts.
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    Courtesy of Wrangler
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    Wrangler launches Hot Wheels collaboration

    The Kontoor-owned brand is positioning the capsule as “nostalgia-driven” following last year’s successful Barbie collection.

    By • Aug. 19, 2024
  • A person finds a T-shirt from a Goodwill outlet bin and holds it up to examine it. Next to the person is a cart filled with other clothing items.
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    Spencer Platt via Getty Images
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    Goodwill launches secondhand textile traceability study

    The new effort follows a two-year pilot program in which the nonprofit found that about 60% of the studied material was recyclable through existing tech.

    By • Aug. 16, 2024
  • A close up of a Kate Spade New York sign hanging above a store front.
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    Spencer Platt via Getty Images
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    Tapestry sales fall amid decreasing revenue at Kate Spade, Stuart Weitzman

    The Coach brand remained flat, while its owner still looks to close its acquisition of rival firm Capri by the end of the calendar year.  

    By • Aug. 15, 2024
  • A close up of a store display of Sanuk shoes. Individual shoes in patterns such as polka dots and stripes are pictured next to each other.
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    Angela Weiss via Getty Images
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    Deckers sells Sanuk to apparel brand

    The footwear brand will become part of Lolë Brands as the athleticwear company eyes portfolio expansion.

    By • Aug. 15, 2024
  • A person holds a tablet and looks at clothing.
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    Courtesy of Trove
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    Trove acquires competing resale platform Recurate

    The company will oversee 44 partner labels and control up to 80% of branded resale traffic as a result of the deal.

    By • Aug. 14, 2024
  • ThredUp warehouse, packaging.
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    Courtesy of ThredUp
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    ThredUp to exit Europe

    The secondhand apparel company is also exploring strategic alternatives for Remix. Meanwhile, it reported a drop of nearly 4% in revenue in Q2.

    By Kaarin Moore • Aug. 14, 2024
  • A person is seen holding a phone with the Temu app. They are viewing a shirt.
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    Screenshot: Temu

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    Temu beats out Amazon for budget-conscious consumers: report

    Survey data found that shoppers who purchased from both e-commerce giants think Temu is cheaper but Amazon is more convenient.

    By • Aug. 14, 2024
  • A driver gives a thumbs up in a Better Trucks delivery van.
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    Permission granted by Better Trucks
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    Shippers maintain diverse carrier mixes in 2024: project44

    Retailers and direct-to-consumer companies aren't scaling back their options in a competitive delivery environment.

    By Max Garland • Aug. 13, 2024
  • Ten models wearing various pieces of Perry Ellis clothing are seen posing during New York Fashion Week.
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    John Lamparski via Getty Images
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    Perry Ellis inks licensing deal for home goods

    The agreement with Pegasus Home Fashions will include bedding for Original Penguin, Laundry by Shelli Segal and Rafaella.

    By • Aug. 12, 2024