Corporate/Finance: Page 5

  • A Nike storefront at night in London.
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    Jordan Peck/Getty Images for Nike via Getty Images
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    Deep Dive

    5 fashion lawsuits and legal trends to watch in 2025

    Though some high profile disputes were resolved last year, others are still pending with bigger implications for the industry at large.

    By • Jan. 30, 2025
  • People walk in front of a Vans storefront.
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    The image by ajay_suresh is licensed under CC BY 2.0
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    VF returns to growth after 2 years of declines

    The Vans owner attributed the better-than-expected Q3 revenue to stronger DTC sales and “outsized wholesale performance.”

    By • Jan. 29, 2025
  • A man walks on a darkened runway that is covered in small pieces of denim as a crowd watches.
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    Vittorio Zunino Celotto via Getty Images
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    Maison Margiela names Glenn Martens creative director

    The designer takes over from John Galliano, who left the OTB-owned label in December.

    By • Jan. 29, 2025
  • A colorful Louis Vuitton handbag sits in a clear display case.
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    Bryan Bedder via Getty Images
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    LVMH revenue down as profits fall 14%

    The Loewe and Dior owner said multiple divisions faced challenges as consumer luxury spending decreased following pandemic-era highs.

    By • Jan. 28, 2025
  • Bangladesh garment workers are seen holding signs in protest for a higher minimum wage.
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    Courtesy of Sommilito Garments Sramik Federation/SGSF
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    AAFA again urges reform for garment workers in Bangladesh

    Representatives from the trade organization joined VF Corp. and Columbia Sportswear in Dhaka to advocate for improved labor conditions.

    By • Jan. 28, 2025
  • Four people's faces above the words "Beauty & Belonging."
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    Courtesy of Sephora
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    Sephora releases documentary highlighting diversity

    As others back away from DEI initiatives, the retailer said its film “reaffirms its commitment to fostering a world of inspiration and inclusion.”

    By Tatiana Walk-Morris • Jan. 28, 2025
  • A person in a black suit jacket and short cropped hair smiles at the camera in a corporate headshot.
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    Courtesy of Julie Ryan Photography for Eastside Golf
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    Eastside Golf names first head of marketing

    Annette Parker worked with the brand in her previous position as a sports marketing executive at the Creative Artists Agency.

    By Howard Ruben • Jan. 28, 2025
  • Men stand in a green indoor rotunda as part of a runway presentation.
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    Courtesy of Zegna Group
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    Zegna Group revenue rises slightly despite losses at Thom Browne

    Strong DTC sales and a solid performance from the company’s namesake brand drove growth and offset challenges elsewhere.

    By • Jan. 27, 2025
  • A person walks along a downtown street past various shops.
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    Justin Sullivan via Getty Images
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    Bloomingdale’s to close San Francisco Centre anchor

    The move will leave the struggling mall with another space to fill, and the luxury department store’s only full-line locations outside the city.

    By Daphne Howland • Jan. 27, 2025
  • A sign featuring a person holding up a plaid umbrella can be seen through trees. Underneath the sign is the word 'Burberry" written in capital letters.
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    Scott Olson via Getty Images
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    Burberry stock rises after Q3 sales beat expectations

    A robust holiday season in the Americas helped the company narrow its losses as it works to implement a strategic turnaround plan.

    By • Jan. 24, 2025
  • A brick building displays two windows with "Birkenstock" above them and a front door.
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    Courtesy of Birkenstock
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    Birkenstock brings on a new CFO as it pushes DTC strategy

    Ivica Krolo will replace Erik Massmann, who helped guide the footwear brand through its initial public offering a little over a year ago.

    By Daphne Howland • Jan. 24, 2025
  • A view of a Vince store from outside. The sign is visible as well as three mannequins through the window.
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    The image by Phillip Pessar is licensed under CC BY 2.0
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    Vince Holding Corp. sells majority stake to P180, former CEO returns

    Brendan Hoffman, formerly of Wolverine World Wide, is returning to the top spot at Vince after holding the role from 2015 to 2020.

    By • Jan. 23, 2025
  • An empty runway in a large white studio is flanked by rows of empty white benches.
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    Roy Rochlin via Getty Images
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    Deep Dive

    6 brands starting 2025 without creative directors

    Chanel may have filled its coveted design seat, but there are still enough high-profile vacancies left in fashion to keep the rumor mill churning.

    By • Jan. 23, 2025
  • A person with a mustache smiles in a corporate headshot.
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    Courtesy of Ralph Lauren Corporation
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    Ralph Lauren announces executive changes

    Bob Ranftl has been promoted to chief operating officer, with a former Cartier exec succeeding him as regional CEO for North America.

    By • Jan. 22, 2025
  • Models walk up subway stairs on both sides wearing clothing from Tommy Hilfiger.
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    Dia Dipasupil via Getty Images
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    China says PVH engaged in ‘improper’ behavior related to cotton sourcing

    An ongoing investigation will determine if the Calvin Klein and Tommy Hilfiger parent company should be added to China’s Unreliable Entity list.

    By • Jan. 21, 2025
  • A pair of black Timberland boots is displayed on a stand above a sign that reads "nature needs heroes."
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    Joshua Blanchard via Getty Images
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    VF Corp. announces further layoffs

    The company said the move, which follows a previously announced 242-person workforce reduction, was connected to its turnaround strategy.

    By • Jan. 21, 2025
  • Models walk both toward the camera and away from the camera on a runway.
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    Thierry Chesnot/Getty Images via Getty Images
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    Lanvin Group CEO steps down amid leadership changes

    Former top executive Eric Chan will transition into a board position, while Andy Lew, CEO of St. John Knits, will helm a second company headquarters in Europe.

    By • Updated Jan. 17, 2025
  • Tim Bantle stands outdoors for a professional headshot in black and white.
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    Courtesy of Filson
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    Filson names VF Corp., Eddie Bauer alum as new president

    Tim Bantle joins the Bedrock Manufacturing Company-owned brand as it looks to expand into new markets.

    By • Jan. 16, 2025
  • A model holds a blue shoulder bag with the word Chloé written on the side of the bag.
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    Pascal Le Segretain via Getty Images
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    Richemont posts record Q3 sales, led by jewelry division

    The luxury firm saw a 10% uptick in the quarter, with fashion and accessories also showing double-digit growth.

    By • Jan. 16, 2025
  • An internal shot of Burberry's shop-in-shop inside of Saks in New York City.
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    Courtesy of Courtesy of Luis Guillén for Saks
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    ASAP Rocky, a Burberry scarf and the ‘road back to authenticity’

    CEO Joshua Schulman’s turnaround plan focuses on the outerwear and scarf categories — and it might be working.

    By Kaarin Moore • Jan. 16, 2025
  • A Reebok storefront
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    "Reebok at Vaughan Mills" by Raysonho is licensed under CC BY 1.0
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    Authentic Brands Group names president

    The company has tapped Matt Maddox, former CEO of hotel and casino company Wynn Resorts, to lead the company’s global brand growth.

    By Nate Delesline III • Jan. 15, 2025
  • A clothing store window is festooned with white lights for Christmas. Two customers look in the window.
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    Vittorio Zunino Celotto via Getty Images
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    Brunello Cucinelli reports strong earnings amid larger luxury decline

    The company’s year-over-year sales were up double digits in the Americas and Asia in fiscal 2024, with revenue projected to climb 10% over the next two years.

    By • Jan. 14, 2025
  • The exterior of Perfect Moment's store in the SoHo neighborhood of New York. A yellow cab is parked out front.
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    Courtesy of Perfect Moment
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    Perfect Moment seeks global expansion through agency partnerships

    The luxury ski brand is working to grow its international wholesale presence as it faces a potential delisting from the New York Stock Exchange.

    By Howard Ruben • Jan. 13, 2025
  • The interior entrance to a JC Penney mall store, with fronds of a plant in the foreground.
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    Daphne Howland/Fashion Dive
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    J.C. Penney, Brooks Brothers operator join forces as ‘Catalyst Brands’

    The new entity features other labels owned by Authentic Brands Group and run by Sparc Group. Investors include Shein and mall REITs Simon and Brookfield.

    By Daphne Howland • Jan. 10, 2025
  • Four people of various body sizes wear white form-fitting floor-length dresses.
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    Courtesy of Tala
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    Former Boden, Net-a-Porter creative director moves into activewear

    Sustainable fitness brand Tala has appointed Jon Wetherell to the top design role ahead of plans to expand the business internationally.

    By • Jan. 10, 2025