Corporate/Finance: Page 11


  • 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. 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
  • People walk past a Michael Kors store on a busy sidewalk during the day.
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    Michael M. Santiago via Getty Images
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    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 Nov. 27, 2024
  • A group of models wearing clothes by designer Willy Chavarria pose on steps, flanked by potted palm trees. Explore the Trendline
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    Thierry Chesnot 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 2025, but few industries are more adept at reinvention or more suited to change.

    By Fashion Dive staff
  • Mike Maloney stands for a professional headshot with his arms crossed.
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    Courtesy of Wolverine World Wide
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    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 Nov. 26, 2024
  • Models walk in a circle on the runway wearing items from Thom Browne.
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    JP Yim via Getty Images
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    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 Nov. 26, 2024
  • Two trees and a planter across from a clothing store.
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    Daphne Howland/Fashion Dive
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    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
  • An aerial view of a Shein building with its parking lot.
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    Courtesy of Shein
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    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 Updated Nov. 26, 2024
  • The front entrance of a Banana Republic store.
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    Courtesy of Gap Inc.
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    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
  • Cranes in a port.
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    Luke Dray via Getty Images
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    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 Nov. 22, 2024
  • A large orange wall features the words The North Face printed in white.
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    Vittorio Zunino Celotto via Getty Images
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    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 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
  • Clothing and handbags are displayed in a store window.
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    Ben A. Pruchnie via Getty Images
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    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 Nov. 21, 2024
  • A close up of two people's Nike sneakers.
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    Pablo Cuadra via Getty Images
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    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 Nov. 20, 2024
  • Wolverine World Wide's new global innovation hub in Boston, Massachusetts.
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    Courtesy of Wolverine Worldwide
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    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
  • Two men look at the camera in separate, side-by-side black and white headshots.
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    Courtesy of Kering
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    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 Nov. 19, 2024
  • The Ralph Lauren storefront in Toronto, Canada, is pictured.
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    Courtesy of Ralph Lauren Corporation
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    Ralph Lauren sources ‘single digit percentage’ of its products from China

    The fashion brand's globally-diversified production footprint makes it well-positioned to mitigate potential tariff hikes, CEO Patrice Louvet said.

    By Kelly Stroh • Nov. 19, 2024
  • Jonatan Janmark and Helena Helmersson sit in arm chairs for a professional photo.
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    Courtesy of Circulose
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    H&M, McKinsey execs to lead the former Renewcell

    Jonatan Janmark was named CEO of the company, now called Circulose, and Helena Helmersson was appointed chair of the board.

    By Nov. 19, 2024
  • A Vans store is pictured in a mall, with a sign advertising a 50% off sale.
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    The image by Neoclassicism Enthusiast is licensed under CC BY-SA 4.0
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    S&P downgrades VF due to declining revenue at key brands

    A report questioned the Vans owner’s competitive edge, adding that turnaround efforts could take a while.

    By Nov. 18, 2024
  • A model in a pale cream-colored blouse with a visible bra underneath walks on a runway.
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    Vittorio Zunino Celotto via Getty Images
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    Aeffe sees profit boost following sale of Moschino beauty

    While revenue fell nearly 18% over the first nine months of 2024, the company expects an internal reorganization to have a positive effect moving forward.

    By Nov. 15, 2024
  • A truck passes by the BP refinery
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    Scott Olson via Getty Images
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    Only 16% of global companies on track for 2050 net-zero goals: Accenture

    “The fact that so few of the G2000 companies are on track to reach net-zero emissions is alarming,” the director of shareholder advocacy at Trillium Asset Management said.

    By Lamar Johnson • Nov. 15, 2024
  • Models walk down a runway wearing outerwear.
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    Jeff Spicer via Getty Images
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    Burberry plans a strategic shift as profits nosedive

    The company’s H1 revenue fell 22%, but CEO Joshua Schulman said the brand was working to course correct and return to its original purpose.

    By Nov. 14, 2024
  • Donald Trump in business attire stands in a stage with an U.S. flag in the background
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    Anna Moneymaker/Staff via Getty Images
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    Trump’s tariffs: How manufacturers can prepare

    Frontloading commodity imports could be a temporary solution, but diversified sourcing will be critical long term, experts say.

    By Kate Magill • Nov. 14, 2024
  • The Kate Spade logo is seen on a storefront.
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    Drew Angerer/Getty Images via Getty Images
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    Tapestry and Capri terminate merger agreement

    After losing a lawsuit against the FTC, both companies agreed to cancel the deal, calling the legal process “uncertain and unlikely to be resolved.”

    By Nov. 14, 2024
  • A person in a white shirt and black pants bows to the crowd while walking on a runway.
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    John Nacion via Getty Images
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    Phillip Lim announces departure from eponymous label

    The creative director and co-founder of 3.1 Phillip Lim is stepping down after almost 20 years, calling his tenure “an adventure of a lifetime.”

    By Nov. 13, 2024
  • A closeup of a Shein sign directing people around its distribution center. The Shein building is seen in the background, with an American flag.
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    jetcityimage via Getty Images
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    Shein will continue to face RICO charges in copyright infringement lawsuit

    A federal judge denied the fast fashion giant’s request to dismiss racketeering claims.

    By Nov. 13, 2024
  • A Steve Madden storefront.
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    The image by Harrison Keely is licensed under CC BY 4.0
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    Steve Madden to slash China sourcing as tariff concerns escalate

    The fashion brand is among several companies looking to limit their exposure to President-elect Donald Trump's promised tariff hikes.

    By Philip Neuffer • Nov. 13, 2024