Corporate/Finance: Page 5

  • A storefront with a blue screen seen through glass, with an Adidas logo on it.
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    Cara Salpini for Retail Dive
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    Adidas CEO: ‘You have to be more American to be successful in America’

    With sales in North America down 7% in Q2, CEO Bjørn Gulden said the athletics brand is leaning into American sports like basketball and baseball.

    By Cara Salpini • Aug. 2, 2024
  • A model wears a black dress and walks on a runway as a crowd watches from the sidelines.
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    Vittorio Zunino Celotto via Getty Images
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    Ferragamo profit plummets 73%

    First-half revenue was down in every region and every product category.

    By • Aug. 2, 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
  • Three people in patterned shirts smile at the camera.
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    Courtesy of Authentic Brands Group
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    Authentic signs new Ted Baker partners

    Design, manufacturing and wholesale in the U.S. and Canada will be handled by three licensing companies.

    By • Aug. 2, 2024
  • Models in brown clothing line up on a darkened runway.
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    Andreas Rentz via Getty Images
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    Hugo Boss sales fall 1% in second quarter

    The company lowered its full-year outlook as retail sales declined with momentum slowing on digital and wholesale channels.

    By • Aug. 1, 2024
  • Eva Erdmann is pictured against a white back drop in black and white for a professional headshot.
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    Courtesy of Tapestry/Business Wire
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    Tapestry hires L’Oréal exec to lead Kate Spade

    Eva Erdmann is set to take over as president and CEO against a backdrop of consistent revenue declines.

    By • Aug. 1, 2024
  • A UPS worker delivers boxes in Manhattan on April 26, 2022 in New York City.
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    Spencer Platt via Getty Images
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    UPS defends higher peak surcharges ahead of shorter holiday season

    The magnitude of the added fees surprised one analyst, but CEO Carol Tomé said the carrier's pricing is in line with anticipated demand.

    By Max Garland • Aug. 1, 2024
  • At the back of a runway, a person stand and holds up his arms.
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    Cameron Smith via Getty Images
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    Blumarine appoints new creative director

    David Koma takes over the fashion house following the March departure of Walter Chiappoini, who presented only one collection before his exit.

    By • July 31, 2024
  • Mannequins are displayed in front of the Steve Madden logo
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    Laurel Deppen/Fashion Dive
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    Steve Madden wholesale boosted by accessories, apparel

    The footwear giant’s acquisition of Almost Famous last year continues to drive sales.

    By • July 31, 2024
  • Four speakers come together during a virtual event.
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    Alejandra Carranza/Fashion Dive, data from Supply Chain Dive
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    Ocean shippers need contingency plans now, experts say

    Diversifying port usage and improving visibility are among the tactics supply chains should deploy.

    By Alejandra Carranza • July 31, 2024
  • Spools of thread on a weaving machine
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    Courtesy of Unspun
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    Unspun raises $32M for 3D weaving machines

    The company plans to expand the use of its technology to localize manufacturing capabilities across North America and Europe.

    By • July 31, 2024
  • A person lies on their side on a pink background wearing a short skirt and holding a handbag.
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    Retrieved from Miu Miu on July 30, 2024
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    Miu Miu sales surge more than 90% in H1

    The brand drove Prada Group’s revenue increases for the period, while retail sales in Japan led the company’s international growth.

    By • July 30, 2024
  • A DKNY storefront mannequin display. Four mannequins wear black, white and grey apparel, including blazers and skirts.
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    Eugene Gologursky via Getty Images
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    G-III increases stake in All We Wear Group

    The DKNY owner is seeking to expand its presence in Europe through the deal.

    By • July 29, 2024
  • A wall of shoes on display in a Skechers store. A table of shoes with a sale sign on it stands in the foreground.
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    Brandon Bell via Getty Images
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    Skechers reports 7% sales increase in another record quarter

    The company saw a significant increase in regional DTC sales for Europe, the Middle East and Africa and has authorized a $1 billion share repurchase program.

    By • July 29, 2024
  • A pair of black Ray-Ban sunglasses sits in a black case on display.
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    Justin Sullivan via Getty Images
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    EssilorLuxottica growth hindered by North America

    Overall revenue rose 3.4% in the eyewear giant’s first half but the company’s largest region remained sluggish.

    By • July 26, 2024
  • Three Indie Lee products in a line
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    Courtesy of American Exchange Group
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    American Exchange Group acquires Indie Lee

    The Aerosoles owner plans to grow the brand beyond skin care, as well as explore diffusion brands through licensing and brand expansion.

    By Howard Ruben • July 26, 2024
  • Models in orange outfits walk on a runway.
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    JP Yim via Getty Images
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    Hermès first-half revenues grew 12%

    The company saw increases in every region, including double-digit growth in Europe and the Americas, as it defied larger luxury sector trends.

    By • July 26, 2024
  • Models in plaid outerwear walk on a glass runway.
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    JP Yim via Getty Images
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    Moncler Group revenue rises 8%

    Stone Island was down, but Moncler saw strong DTC sales and year-over-year revenue growth in every region.

    By • July 25, 2024
  • Makeup and accessories displayed on a store counter.
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    Jason Kempin via Getty Images
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    Estée Lauder controller lands CFO seat amid restructuring

    Akhil Shrivastava, a nine-year company veteran, understands “the levers the company can pull to revive growth,” Morningstar analyst Dan Su writes. 

    By Maura Webber Sadovi • July 25, 2024
  • Models walk down an empty runway as seen from afar.
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    Vittorio Zunino Celotto via Getty Images
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    Zegna Group growth led by DTC

    The company announced a 6% revenue uptick in H1 despite declines at Thom Browne.

    By • July 25, 2024
  • Models in colorful clothes walk en masse during a fashion show.
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    John Phillips via Getty Images
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    Kering operating income down 42%

    Declines at Gucci, Yves Saint Laurent and the company's other fashion houses weighed on its bottom line amid luxury sector normalization.

    By • July 25, 2024
  • A person in black clothing waves to the audience while walking down a runway.
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    Tullio M. Puglia via Getty Images
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    Sergio Rossi names new creative director

    The Lanvin-owned footwear brand has appointed Paul Andrew, formerly of Salvatore Ferragamo, to helm the line.

    By • July 24, 2024
  • A model in a pouf skirt walks down a runway.
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    Pablo Cuadra via Getty Images
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    LVMH net profit dropped 14% in H1

    Overall revenue was down 1% and fashion and leather goods revenue fell 2% as increased luxury spending in Japan failed to compensate for declines in China.

    By • July 24, 2024
  • Blue, red and purple store sign saying Patagonia
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    Michael M. Santiago / Staff via Getty Images
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    Lawsuit accuses Patagonia’s customer support of violating privacy rights

    The class-action suit alleged Patagonia failed to disclose that it shares call recordings with third-party vendor Talkdesk for analysis.

    By Bryan Wassel • July 22, 2024
  • A person in a tuxedo and orange tinted glasses stands on a pastel carpet at a party.
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    Mike Coppola via Getty Images
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    Tom Ford creative director exits

    Peter Hawkings was appointed to the position in April 2023 and has been with the brand since it began in 2006.

    By • July 22, 2024
  • A closeup of a store display. A grey and pink Skechers sneaker is seen next to a purple Skechers sneaker.
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    Brandon Bell via Getty Images
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    Skechers sues LL Bean for patent infringement

    Attorneys for the footwear giant accuse the retailer of illegally using its patented "heel cup" design.

    By • July 19, 2024