Corporate/Finance: Page 6

  • A model in a leopard print coat comes down a white spiral staircase.
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    Jamie McCarthy via Getty Images
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    Capri revenue tumbles in Q1 amid softening luxury market

    Losses accelerate as the Versace, Michael Kors and Jimmy Choo owner’s pending merger with Tapestry awaits regulatory approval.

    By • Aug. 9, 2024
  • The toe of a shoe pokes out from the left bottom corner.
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    Courtesy of Adidas
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    Adidas global operations exec Martin Shankland to step down

    After a nearly 30-year career, Shankland’s responsibilities will be passed on to CFO Harm Ohlmeyer and Senior Vice President of Sourcing Hoa Ly.

    By Nate Delesline III • Aug. 8, 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
  • The HanesBrands headquarters in North Carolina is pictured.
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    Courtesy of HanesBrands
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    HanesBrands to become ‘simpler, more focused business’ following Champion sale

    The innerwear company saw Q2 net sales decline 4% year over year.

    By • Aug. 8, 2024
  • Activewear on display as seen through a storefront window.
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    Ben Pruchnie via Getty Images
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    Wolverine revenue falls nearly 30%

    Despite declines at three of its largest brands, the Merrell parent company’s CEO said the results were better than expected.

    By • Aug. 8, 2024
  • A close up of a person's rolled up jeans and sneakers. The sneakers a Vans in denim.
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    Keith Tsuji via Getty Images
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    VF revenue remains down despite ‘modest improvement’ at Vans

    The struggling sneaker brand is showing signs of recovery in Europe, the Middle East and Africa, as its holding company works to boost its desirability.

    By • Aug. 7, 2024
  • Models in red and black clothing pass each other on a runway during a fashion show as an audience watches.
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    Arturo Holmes via Getty Images
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    Ralph Lauren net income up 28%

    The firm bucked larger luxury industry trends as global DTC sales increased, but North America revenue dropped amid wholesale declines.

    By • Aug. 7, 2024
  • Shoppers walking by an Under Armour store.
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    Cara Salpini/Fashion Dive
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    Under Armour chief consumer officer exits as 26-year Adidas veteran joins the brand

    Jim Dausch is leaving at the end of the month as Eric Liedtke, former brand president at Adidas, joins the company to lead brand strategy.

    By Cara Salpini • Aug. 7, 2024
  • Folded pairs of jeans in various washes are folded and stacked neatly in a store display.
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    The image by Clean Wal-Mart is licensed under CC BY 2.0
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    Kontoor revenue falls 1% as wholesale remains a challenge

    The Lee and Wrangler parent’s CEO said the company is on track to generate $100 million in profit improvement and savings through its transformation initiative.

    By • Aug. 5, 2024
  • The interior of a Gildan garment dyeing facility.
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    Courtesy of Gildan
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    Gildan Activewear underwear sales fall

    The earnings call was CEO Glenn Chamandy’s first since being reinstated following a months-long proxy battle.

    By • Aug. 2, 2024
  • 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
  • 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