Corporate/Finance: Page 8

  • Models walk an orange runway during the Louis Vuitton womenswear show.
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    Kristy Sparow via Getty Images
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    LVMH revenue falls 2% in Q1

    The company’s fashion and leather goods division was down year over year following record-breaking profits in fiscal 2023.

    By • April 17, 2024
  • Multiple rows of Crocs in different colors are seen in a store.
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    Cate Gillon/Getty Images via Getty Images
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    Crocs shrinking shoes lawsuit to move forward

    The footwear company had asked the court to dismiss a class action lawsuit that accused it of false advertising and misrepresentation.

    By • April 17, 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 close up of a person's arm grabbing for a Dr. Martens boot on display at a store.
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    Gareth Cattermole/Getty Images via Getty Images
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    Dr. Martens CEO to step down amid ‘challenging’ fiscal year outlook

    Kenny Wilson will be succeeded by Ije Nwokorie, the footwear company’s chief brand officer.

    By • April 16, 2024
  • A person walks into an Urban Outfitters store.
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    Justin Sullivan/Getty Images via Getty Images
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    Urban Outfitters granted favorable verdict in trade secrets legal fight

    Now-defunct rental service Le Tote, which considered a sale to the fashion giant, said the Nuuly owner violated unfair competition rules.

    By • April 15, 2024
  • A red Levi's tab sign against a bright blue sky.
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    Daphne Howland/Fashion Dive
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    Levi’s taps Burberry veteran to lead DTC push

    Gianluca Flore, who has also had leadership roles at Kering and Bottega Veneta, will oversee all of the denim brand’s selling channels globally.

    By Daphne Howland • April 15, 2024
  • A Rent the Runway subscriber searches the company's "closet in the cloud" on mobile.
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    Permission granted by Rent the Runway
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    Rent the Runway turns to resale, advertising in renewed growth push

    The apparel rental service beat expectations in Q4 and struck a note of confidence, saying its restructuring earlier this year wasn’t just about cuts.

    By Daphne Howland • April 12, 2024
  • People walk in front of a Gucci storefront.
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    Michael M. Santiago/Getty Images via Getty Images
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    Gucci appoints deputy CEO

    In the newly created role, Stefano Cantino will report to Jean-François Palus, who was named president and CEO in 2023.

    By • April 12, 2024
  • A walk sign hovers to the left of a store.
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    Daphne Howland/Fashion Dive
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    Nordstrom taps company veteran to lead Rack merchandising

    Lori Marten has held various merchandising roles at the department store for nearly 30 years, and will join the off-price unit later this month.

    By Daphne Howland • April 11, 2024
  • Picture of Shein office lobby.
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    Courtesy of Shein
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    Shein has copyright infringement ‘baked into’ its business model: class action lawsuit

    The complaint is the latest to claim the fast fashion company steals designs from independent artists.

    By • Updated April 10, 2024
  • Hands of young girl using sewing machine in workshop.
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    Thanaphong Araveeporn via Getty Images
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    Apparel execs urge sourcing diversification amid geopolitical risks

    Executives at an American Apparel & Footwear Association event underscored the need to find alternative sourcing as U.S.-China relations continue to fray.

    By Ben Unglesbee • April 9, 2024
  • A pile of textile scraps strewn on the ground.
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    Andrii Kozlytskyi via Getty Images
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    Majority of brands won’t meet their emissions goals: report

    About two-thirds of fashion businesses are behind on their own decarbonization schedules, according to a new analysis from McKinsey.

    By Lauren Schenkman • April 9, 2024
  • A person walks past a Coach window display.
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    Drew Angerer/Getty Images via Getty Images
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    Coach files trademark and unfair competition complaint against Gap

    Attorneys for the Tapestry-owned brand say some Old Navy-branded T-shirts are meant to make consumers think “there is a connection or association between” the brands.

    By • April 8, 2024
  • The TikTok app is displayed on an Apple iPhone.
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    Photo Illustration by Drew Angerer via Getty Images
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    Shein, Temu have high customer overlap with TikTok Shop: report

    Even while facing a potential ban in the U.S., an Earnest Analytics report finds the platform is dominating social shopping. 

    By Tatiana Walk-Morris • April 8, 2024
  • A person in a suit stands facing the camera with his arms crossed.
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    Courtesy of Ermenegildo Zegna Group
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    Zegna Group reports fiscal 2023 gross profit of $1.3B

    The company confirmed February preliminary revenue while also announcing a 108% year-over-year profit increase.

    By • April 5, 2024
  • Someone stands to left of a store window with a white neon sign that reads "The Levi's Tailor Shop San Francisco."
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    Daphne Howland/Fashion Dive
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    Levi’s gains momentum as Beyoncé name-checks the brand on her new album

    Despite Q1 revenue declines and a net loss, the denim maker noted strength in the U.S., its largest market, and other reasons for optimism.

    By Daphne Howland • April 5, 2024
  • Two people are seen hugging in the water on a beach.
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    Courtesy of Hurley
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    Hurley inks licensing deal for upcoming women’s sportswear and activewear line

    The surf, skate and snow brand is partnering with Mamiye Brothers for a spring 2025 release.

    By • April 4, 2024
  • People walk by a Nike store.
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    Feng Li via Getty Images
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    Nike commits to bolder brand marketing as part of rebound plan

    The Summer Olympics will serve as a showcase for some of the sportswear giant's most impactful marketing in years, executives said.

    By Peter Adams • April 3, 2024
  • The interior of a Calvin Klein store. There are shelves displaying handbags and shoes as well as racks and mannequins featuring suiting.
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    Lintao Zhang/Getty Images for Calvin Klein via Getty Images
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    PVH beats revenue expectations but projects a sluggish 2024

    The Calvin Klein and Tommy Hilfiger parent company’s stock slipped 22% in premarket trading following its lower-than-expected outlook.

    By • April 2, 2024
  • Lim Mi-Kyoung poses for a professional headshot.
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    Courtesy of Authentic Brands Group
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    Authentic names new head of Australia and New Zealand

    Lim Mi-Kyoung, who most recently was with WP Brands, will be responsible for business development in the region.

    By • April 2, 2024
  • A Quiksilver flag is stuck in the sand on a beach.
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    J.Sciulli/WireImage for Evolutionary Media Group via Getty Images
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    Boardriders to lay off more than 600 by end of April

    This round of cuts include C-suite execs and brings the total affected in California to nearly 700 since the company was acquired by Authentic Brands Group.

    By • Updated April 1, 2024
  • External storefront of a Lands' End.
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    Courtesy of Lands' End
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    Lands’ End lays off 10% of corporate workforce

    Most of those layoffs came in January, though some were the result of earlier changes to the retailer's sourcing organization.

    By Nate Delesline III • April 1, 2024
  • Steam rises from factory pipes in a city and the sky behind the pipes is bright pink and orange.
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    lapandr via Getty Images
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    Fashion fails to keep ‘grandiose promises’ on sustainability, human rights: report

    Major brands haven’t improved their practices compared to last year, according to the 2024 Remake Fashion Accountability Report.

    By Lauren Schenkman • March 29, 2024
  • A mall entrance to a clothing store named "Torrid."
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    Daphne Howland/Fashion Dive
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    Despite last year’s declines, Torrid could grab more market share

    The plus-size leader faces ongoing reluctance to spend on discretionary goods, but has inventory control and other strengths on its side.

    By Daphne Howland • March 29, 2024
  • Alessandro Michele, with shoulder-length brown hair, wears a silver chain mail shirt under a gold brocade jacket and lightly tinted aviator sunglasses.
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    Michael Tran/FilmMagic via Getty Images
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    Alessandro Michele is Maison Valentino’s new creative director

    The appointment comes almost a week after the departure of Pierpaolo Piccioli, who joined the house in 1999 and spent eight years at the design helm.

    By • March 28, 2024
  • A vast pile of clothes is pictured in a warehouse.
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    Courtesy of Renewcell
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    Q&A

    Renewcell exec on what led to bankruptcy, what’s next

    Tricia Carey said as the company seeks a buyer, its inventory of pulp and fiber is still available.

    By • March 28, 2024