Corporate/Finance: Page 7
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Courtesy of Authentic Brands Group
Authentic announces South Africa partnership for Ted Baker brand
The deal with Ares Holdings will include the opening of two retail stores, as well as select menswear and womenwear distribution.
By Lara Ewen • Dec. 11, 2024 -
Cara Salpini/Fashion Dive
Reebok undergoes layoffs tied to footwear business
Sparc, which runs the sportswear brand’s U.S. operations, is making cuts as it transfers some of its Reebok licenses.
By Cara Salpini • Dec. 11, 2024 -
jetcityimage via Getty Images
Shein launches independent advisory boards for ESG, corporate responsibility issues
The groups will work with the fast fashion company’s leaders on how to reach the commitments it laid out in its EvoluSHEIN plan.
By Laurel Deppen • Dec. 10, 2024 -
Courtesy of Merrell
Merrell taps Under Armour veteran as chief product officer
In addition to spending nearly 11 years at the athletics brand, Noreen Naroo-Pucci also has experience from Mizzen+Main and Calvin Klein.
By Howard Ruben • Dec. 10, 2024 -
Pascal Le Segretain via Getty Images
4 luxury brands that filled empty creative seats in 2024
In some cases, vacancies lasted years. In others, roles were open for only a few months.
By Lara Ewen • Dec. 9, 2024 -
Stock Photo via Getty Images
FTC cracks down on 3 clothing companies for false ‘Made in USA’ claims
The Federal Trade Commission is refunding $140,000 to consumers after the New England-based companies lied about where they manufactured their products.
By Joelle Anselmo • Dec. 9, 2024 -
Keith Tsuji via Getty Images
Nike was the top brand for influencer marketing in the US this year
Luxury, fast fashion and athleticwear brands all ranked highly for social media content reach and engagement, according to a report from Traackr.
By Laurel Deppen • Dec. 6, 2024 -
JP Yim via Getty Images
PVH names new CEO of Americas
The Calvin Klein and Tommy Hilfiger parent company announced the hire along with its Q3 earnings, in which it saw revenue decline 5%.
By Laurel Deppen • Dec. 5, 2024 -
Jamie McCarthy via Getty Images
Joseph Altuzarra to become CEO of his namesake company
The founder and creative director will take on the role at the beginning of 2025, succeeding Shira Sue Carmi, who will take a seat on the company’s board.
By Lara Ewen • Dec. 3, 2024 -
Justin Sullivan/Getty Images via Getty Images
DEI failures contributed to a drop in stock prices, Lululemon shareholder alleges
Lululemon’s DEI initiative was “misguided” and its structure raised ethical concerns, the shareholder said in a derivative action lawsuit filed on behalf of the company.
By Emilie Shumway • Dec. 3, 2024 -
Lee steps into footwear through new licensing deal
A new collection of men’s shoes will launch in the second half of 2025 through an agreement with Jack Schwartz Shoes.
By Laurel Deppen • Dec. 2, 2024 -
Courtesy of Abercrombie & Fitch
Abercrombie & Fitch Co. taps new CFO as sales surge 14%
The Abercrombie and Hollister brands both saw strong double-digit growth in the third quarter, despite weather disruptions.
By Nate Delesline III • Dec. 2, 2024 -
Michael M. Santiago via Getty Images
Capri shuffles leadership at Michael Kors
Chairman John Idol takes over the CEO spot from Cedric Wilmotte, who is leaving the organization as part of a cost-cutting initiative.
By Lara Ewen • Nov. 27, 2024 -
Courtesy of Wolverine World Wide
Wolverine names Under Armour, Designer Brands vet as chief product officer
Mike Maloney will lead product development, merchandise strategy and market expansion for the company’s Work Group.
By Laurel Deppen • Nov. 26, 2024 -
JP Yim via Getty Images
Thom Browne prevails in Adidas stripe legal dispute
A federal judge in the U.K. rejected the activewear giant’s claims and decided that the average consumer can tell the difference between the designs.
By Laurel Deppen • Nov. 26, 2024 -
Daphne Howland/Fashion Dive
Vuori doesn’t need money. Investors keep knocking anyway.
A recent $825 million fundraise from General Atlantic and Stripes tipped the brand into the $5 billion valuation range. Investor Jon Kossow says the company still doesn’t need the cash to fund its own operations.
By Cara Salpini • Nov. 26, 2024 -
Courtesy of Shein
Shein facility receives certification for zero-waste, landfill management
The accreditation helps with the fast fashion company’s strategy to show it is implementing new recycling initiatives.
By Laurel Deppen • Updated Nov. 26, 2024 -
Courtesy of Gap Inc.
As Gap Inc. makes progress in Q3, all eyes are on the CEO
Richard Dickson has caught investors’ attention with a string of improvements across the portfolio since his arrival last year from Mattel.
By Daphne Howland • Nov. 25, 2024 -
Luke Dray via Getty Images
AAFA calls on ILA and USMX to avoid strike, resume negotiations
The trade organization also asked the Biden Administration to expand its efforts in protecting international shipping lanes in the Red Sea from attacks.
By Laurel Deppen • Nov. 22, 2024 -
Vittorio Zunino Celotto via Getty Images
VF to lay off 242 employees at Virginia distribution center
The facility’s closure, announced earlier this year, comes as the company faces declining earnings and a recent S&P downgrade.
By Lara Ewen • Updated Nov. 22, 2024 -
Crocs taps legendary shoe designer to lead creative innovation
Starting in December, Steven Smith will join the company to design in house for the Crocs and Heydude brands.
By Tatiana Walk-Morris • Nov. 22, 2024 -
Ben A. Pruchnie via Getty Images
Mulberry to adjust prices as it seeks revenue turnaround
After rejecting multiple bids from Frasers, the luxury company is looking to streamline its internal structure and rethink product strategies.
By Lara Ewen • Nov. 21, 2024 -
Pablo Cuadra via Getty Images
Nike’s counterfeit legal dispute with StockX heats up
The athleticwear giant is asking for a partial summary judgment in its yearslong lawsuit against the resale marketplace.
By Laurel Deppen • Nov. 20, 2024 -
Courtesy of Wolverine Worldwide
Wolverine World Wide debuts global innovation hub in Boston
The company is building out its corporate workspaces as a way to attract talent and encourage creativity as it goes through a strategic transformation.
By Tatiana Walk-Morris • Nov. 20, 2024 -
Courtesy of Kering
Kering appoints new CEOs at Saint Laurent, Balenciaga
The changes come amid plummeting revenue at the conglomerate and luxury sector challenges across the industry.
By Lara Ewen • Nov. 19, 2024
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