Corporate/Finance: Page 9

  • A pile of pulp from textile recycling firm Renewcell sits against a dark background.
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    Courtesy of Renewcell
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    Renewcell lands buyer, will operate under new name

    Following bankruptcy, the Circulose maker was acquired by Sweden-based investment firm Altor in a move to help the company “thrive on a global scale.”

    By • June 5, 2024
  • Interior view of a store features one exposed brick wall, a neon art piece of a lightning bolt and various items along the walls on display.
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    Tasia Wells via Getty Images
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    Shinola, Filson parent appoints CEO, CMO

    Steve Katzman will oversee operations at both fashion brands in the top spot at Bedrock, while Kevin Wertz, formerly of SmileDirectClub, takes the lead marketing role. 

    By • June 4, 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
  • Caroline Brown is pictured for a professional head shot.
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    Courtesy of VF Corp.
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    VF names global brand president of North Face

    Caroline Brown, former CEO of Donna Karan International, is taking on the role after a few months on the apparel conglomerate’s board of directors.

    By • June 4, 2024
  • A lit-up storefront at dusk.
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    Courtesy of Gap Inc.
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    Gap Inc. turns a corner as all brands notch gains in Q1

    Under CEO Richard Dickson, who arrived last August, the apparel retailer is working to improve operational efficiencies as well as brand storytelling.

    By Daphne Howland • June 3, 2024
  • Sun Choe is seated on a stool for a professional headshot.
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    Courtesy of VF Corp.
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    Former Lululemon exec to lead Vans

    The hire is part of holding company VF Corp.’s transformation plan for the struggling brand.

    By • May 31, 2024
  • A black and white professional headshot of Veronica Leoni.
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    Courtesy of Collier Schorr/PVH Corp.
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    PVH names Veronica Leoni creative director of Calvin Klein Collection

    The line, which was put on hiatus five years ago, will debut in fall 2025 with men’s and women’s apparel, underwear and accessories.

    By • May 31, 2024
  • Models walk down a curved white staircase wearing camel-colored outfits and one model crosses in front of the camera in a camel-colored jacket and blue denim skirt.
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    Jamie McCarthy via Getty Images
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    Capri revenue drops more than 8% in the fourth quarter

    Versace, Jimmy Choo and Michael Kors all posted declines for the period, while the company’s proposed merger with Tapestry faces FTC pushback.

    By • May 30, 2024
  • Storefront of Abercrombie & Fitch in a mall. Store windows on the left and right have mannequins wearing long pants and shirts.
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    Courtesy of Abercrombie & Fitch
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    Abercrombie & Fitch Co. sets a record with billion-dollar Q1

    The retailer is considering more brand extensions as one way to maintain its momentum.

    By Daphne Howland • May 30, 2024
  • A Birkenstock in-store display. There are two rows of Birkenstocks, one with close-toed shoes and one with open. Next to the display is an advertisement of a model.
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    Justin Sullivan/Getty Images via Getty Images
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    Birkenstock logs record Q2 revenue increase of 22%

    In its second earnings report since becoming a publicly traded company, the Germany-based footwear giant raised its outlook after gains in the quarter.

    By • May 30, 2024
  • A Gildan distribution center is pictured.
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    Courtesy of Gildan
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    Gildan reinstates Glenn Chamandy as CEO

    The activewear company’s founder was fired in December 2023 but is back in the top spot after a months-long battle between the previous board and activist investor Browning West.

    By • May 29, 2024
  • The inside of Vuori's first store in China
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    Courtesy of Vuori
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    Vuori opens first store in China

    The store marks the athleisure brand’s 67th location as it works toward a goal of opening 100 stores by 2026.

    By Howard Ruben • May 29, 2024
  • A person with gray hair and glasses wears a black jacket and stands in front of a gold wall looking at the camera.
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    Nicholas Hunt via Getty Images
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    Guess names Andrew Rosen executive chair of Rag & Bone

    The appointment comes almost two months after Guess Inc. and WHP Global completed the acquisition of the New York-based brand.

    By • May 28, 2024
  • A white brick Lululemon storefront in WIlliamsburg, Virginia
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    Dani James/Fashion Dive
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    Lululemon restructures product, marketing teams as Chief Product Officer Sun Choe exits

    The roles of chief brand officer and global creative director will expand as Choe leaves for a new opportunity and won’t be replaced.

    By Cara Salpini • May 28, 2024
  • The exterior of Gildan Activewear's headquarters
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    Courtesy of Gildan
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    Gildan CEO and entire board resign ahead of annual meeting

    Following a months-long proxy battle between the activewear brand and investor group Browning West, former CEO Glenn Chamandy will likely be reinstated.

    By • May 24, 2024
  • Exterior of Lulus' pink retail store on Melrose Avenue
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    Courtesy of Lulus
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    Shipping carrier diversification benefits Lulus in Q1

    The fashion brand has added more delivery providers in recent quarters to offset rising shipping costs.

    By Max Garland • May 24, 2024
  • A close up of a person's shoes, high top vans classics in maroon.
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    Pablo Cuadra/Getty Images via Getty Images
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    VF names new CFO, still feels revenue slump as it considers selling assets

    Declining performance of the Vans brand continued to weigh on the apparel and footwear conglomerate’s Q4 earnings despite various transformation programs.

    By • May 23, 2024
  • A person in a black tuxedo and a white shirt with a bowtie has long black hair and walks towards the camera.
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    JP Yim via Getty Images
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    Ralph Lauren revenue up slightly, CFO exits

    The company predicted upcoming profit declines and announced the departure of Jane Nielsen after eight years.

    By • May 23, 2024
  • Models pose together wearing Rowing Blazers apparel.
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    Courtesy of Rowing Blazers
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    Following acquisition, Rowing Blazers names new CEO

    Laura Willensky comes with experience from J. Crew, Victoria’s Secret Beauty, Talbots, Janie & Jack, Madewell and Away.

    By Howard Ruben • May 23, 2024
  • A person in a black suit stands in a darkened room next to a person in a black-and-white checked cape. Both are staring at the camera.
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    Victor Boyko via Getty Images
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    The Vampire’s Wife shuts down

    Susie Cave, designer of the luxury dress label, posted an announcement on the brand’s e-commerce site saying it would cease operations immediately.

    By • May 22, 2024
  • A person with long brown hair stands wearing a white jumpsuit surrounded by models posing in colorful clothing.
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    John Parra via Getty Images
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    Mara Hoffman puts namesake brand on hold

    The 2023 CFDA Environmental Sustainability award-winner cited challenges with creating eco-friendly fashion.

    By • May 21, 2024
  • A Gildan knitting facility.
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    Courtesy of Gildan
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    Browning West nominees to Gildan board boosted by pair of proxy advisory firms

    ISS and Glass Lewis have added their support to a months-long battle that began when the activewear company fired its former CEO.

    By • May 20, 2024
  • Two people, both wearing white, one in a hoodie, the other a mustache, embrace.
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    Courtesy of Canada Goose
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    Canada Goose yanks long-term targets, names creative director

    The brand has slowed its store expansion and paused its five-year plan to focus on “doing fewer things really, really well,” CEO Dani Reiss said Thursday.

    By Daphne Howland • May 20, 2024
  • People standing in the dark in front of a Van Cleef & Arpels store that has large stylized ads of jewelry displayed.
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    Feng Li via Getty Images
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    Richemont names new CEO, posts record revenue

    Nicolas Bos moves into the role from Van Cleef & Arpels as the luxury house’s full year sales rise following a Q4 decline.

    By • Updated July 16, 2024
  • A closeup detail of a person's outfit, which includes a fur-lined coat and Coach bag.
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    Vanni Bassetti/Getty Images via Getty Images
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    Coach scraps its copyright infringement lawsuit against Gap

    The complaint, filed last month, focused on the use of the word “coach” on Old Navy T-shirts.

    By • May 17, 2024
  • A closeup of a person wearing cropped pants and white sneakers with a polo player logo on the side of sneaker.
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    Arturo Holmes via Getty Images
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    Polo Ralph Lauren creative director stepping down

    Michael Rider has been with the brand since 2018, and previously worked as ready-to-wear design director at LVMH-owned Céline under Phoebe Philo.

    By • May 16, 2024