Corporate/Finance

  • Large spools of Gen Phoenix's fiber material in its factory.
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    Courtesy of Gen Phoenix
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    Gen Phoenix creates 2 new executive roles

    The recycled leather company named a chief revenue officer and a chief strategy officer as it works to expand its market reach.

    By • Oct. 23, 2024
  • Three handbags are displayed on a wooden rope swing as smoke swirls in the backround.
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    Samir Hussein via Getty Images
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    Mulberry’s board joins majority shareholder in rejecting Frasers acquisition bid

    This was the minority shareholder’s latest offer to acquire the shares it did not already own in the luxury company.

    By • Oct. 23, 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
  • Models stand in a line on a darkened runway.
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    Pietro S. D'Aprano via Getty Images
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    Thom Browne pulls Zegna Group Q3 revenue down 8%

    Luxury sector challenges hit all the company’s brands, including Tom Ford Fashion and its namesake label.

    By • Oct. 22, 2024
  • A fulfillment center in Ohio with freight container docked at the warehouse loading doors.
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    Courtesy of Maersk
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    Levi Strauss taps Maersk for fulfillment and logistics

    The logistics provider opened an omnichannel facility in Ohio to service Levi’s wholesale, retail and e-commerce channels.

    By Alejandra Carranza • Oct. 22, 2024
  • An arm clutches a Sway polybag containing a garment. Writing printed on the bag reads "This bag is made with seaweed."
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    Permission granted by Sway
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    Sway scaling compostable seaweed-based polybags with fashion brands

    Prana, Faherty and other brands will begin using the bags to package items like shirts and shorts. California-based material innovation startup Sway says the next applications it’s eyeing include mailers and multilayer packaging.

    By Maria Rachal • Oct. 21, 2024
  • Close up of sunglasses on a store display. Shoppers browse.
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    Jemal Countess via Getty Images
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    EssilorLuxottica sees slight revenue increase as it looks to solidify its position in med-tech

    The Ray-Ban owner’s partnership with tech giant Meta for wearables was one of its “strongest drivers of the quarter.”

    By • Oct. 18, 2024
  • Kanye West stands in front of Adidas and Yeezy logo.
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    Jonathan Leibson via Getty Images
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    Adidas momentum continues with 7% sales growth

    Preliminary results for the third quarter also showed that, excluding Yeezy sales from this year and last, currency-neutral revenue surged 14%.

    By Cara Salpini • Oct. 17, 2024
  • Models walk the runway against a white backdrop.
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    Vittorio Zunino Celotto via Getty Images
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    Ferragamo predicts more revenue declines in 2024

    After reporting a 9.6% year-over-year drop in Q3, the luxury company’s CEO said he expects the downward trend to continue.

    By • Oct. 16, 2024
  • Models walk on a patchwork runway with the words Louis Vuitton Paris in the bacground.
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    Francois Durand via Getty Images
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    LVMH continues to be hit by luxury sector challenges

    Fashion and leather goods revenue was down 6% for the third quarter due in part to softening demand throughout Asia.

    By • Oct. 16, 2024
  • A person strides down the runway as an audience applauds from the sidelines.
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    Alessandro Levati via Getty Images
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    Lorenzo Serafini named creative director of Alberta Ferretti

    The former Ferretti diffusion line designer replaces the brand’s founder, who stepped down from her role in September after 24 years.

    By • Oct. 16, 2024
  • Models walk down a salon-style runway wearing muted neutral colors and coats.
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    Courtesy of Altuzarra
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    Altuzarra and P180 to launch online rental

    The brand is partnering with a firm co-founded by former Wolverine CEO Brendan Hoffman to change the way consumers engage with luxury fashion.

    By • Oct. 15, 2024
  • A store display featuring basketball-style flooring and mannequins, with walls of basketball shoes and "Home Court" written on the ceiling.
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    Courtesy of Foot Locker
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    Nike shakeup continues with appointment of new North America chief

    A week after a new CEO arrives, Tom Peddie shifts from vice president of marketplace partners to replace Scott Uzzell, who is leaving.

    By Daphne Howland • Oct. 14, 2024
  • A close up of Modern Meadow's leather alternative material.
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    Retrieved from Modern Meadow on October 14, 2024
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    Sustainable materials firm Modern Meadow names new CEO

    David Williamson will take on the top spot after previously serving as president and COO.

    By • Oct. 14, 2024
  • Models with bouffant hairdos walk a runway holding large handbags.
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    Amy Sussman via Getty Images
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    Mulberry majority shareholder rejects second acquisition bid from Frasers

    Despite an increased offer, the luxury fashion brand’s shareholder said it “has no interest” in selling its shares to the minority shareholder.

    By • Updated Oct. 15, 2024
  • A large downtown department store.
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    "Saks Fifth Avenue Chicago" by kzoocowboy is licensed under CC BY 2.0
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    Authentic Brands Group, Saks team up on luxury joint venture

    Growth of a slew of Authentic-owned labels will follow the pattern set by Barneys New York, which the brand-management firm acquired in 2019.

    By Daphne Howland • Oct. 11, 2024
  • Three people in red plaid jackets stand in a snowy woods
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    Courtesy of Woolrich
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    Todd Snyder’s Black Label Collection launches

    The 65-piece collection is the designer’s first since taking over as creative director for the new Woolrich line last year.

    By Hayley Lind • Oct. 10, 2024
  • A person holds a sweater on a hanger in front of a rack of other clothes.
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    Retrieved from Vestiaire Collective on October 10, 2024
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    Vestiaire Collective launches AI search tools, names new CTO

    In addition to the new hire, the luxury resale platform added Jim Freeman to its board, who worked at Amazon.

    By Howard Ruben • Oct. 10, 2024
  • Close up of a model wearing an orange dress with feathered sleeves.
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    Courtesy of H&M
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    H&M to phase out new down fiber

    The fast fashion company said it will only source feathers from post-consumer recycled sources.

    By • Oct. 10, 2024
  • A rental brand's fulfillment center with a racks of clothes.
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    Courtesy of Nuuly
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    URBN prioritizes Nuuly’s growth with logistics investments

    The retailer plans to add more automation to its Missouri fulfillment center to accelerate the rental brand’s order processing.

    By Alejandra Carranza • Oct. 10, 2024
  • Models walk the runway wearing Gucci's cruise collection.
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    John Phillips/Getty Images for Gucci via Getty Images
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    Gucci names Stefano Cantino new CEO

    He will lead the brand starting in the new year, after joining the Kering-owned luxury house in May.

    By • Oct. 8, 2024
  • Blurry cars drive by a Macy's store entrance.
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    Daphne Howland/Fashion Dive
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    Another rough year for department stores

    The segment is undergoing a quiet shakeup in 2024, with major players pursuing varying degrees of change to their operations.

    By Daphne Howland • Oct. 8, 2024
  • the front entrance of the Rochemonth headquarters in Geneva, Switzerland features a green lawn and glass signage.
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    Courtesy of Richemont
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    Richemont sells Yoox Net-A-Porter for $610M

    The luxury house sold the segment to Mytheresa and will gain a 33% stake in the e-commerce company.

    By • Oct. 7, 2024
  • A black shirt labeled Armani is counterfeit as evidenced by the misspelling of the brand name on the tag.
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    "A counterfeit Giorgio Armani t-shirt" by Max Ronnersjö is licensed under CC BY 3.0 / Edited by Nate Delesline/Fashion Dive
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    AAFA pushes again for Facebook, Instagram to join the notorious markets list

    One association member said Meta’s social platforms “pose the most significant threat” to its IP and brand integrity of any global platform.

    By Nate Delesline III • Oct. 7, 2024
  • A black-and-white closeup portrait of a person with short hair wearing a dark shirt.
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    Courtesy of Everlane
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    Fear of God, Pacsun veteran to lead Everlane

    Alfred Chang will take over as chief executive nearly a year after Andrea O’Donnell left the post to join footwear retailer Designer Brands.

    By Daphne Howland • Oct. 3, 2024
  • A model is seated on a green leather chair, wearing a black sweatshirt with the Champion logo.
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    Courtesy of Authentic Brands Group
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    Authentic names licensing, management partners for Champion

    The new partners were announced after HanesBrands’ sale of the activewear brand closed.

    By • Oct. 2, 2024