Corporate/Finance: Page 12

  • A clothing store window is festooned with white lights for Christmas. Two customers look in the window.
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    Vittorio Zunino Celotto via Getty Images
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    Brunello Cucinelli reports strong earnings amid larger luxury decline

    The company’s year-over-year sales were up double digits in the Americas and Asia in fiscal 2024, with revenue projected to climb 10% over the next two years.

    By Lara Ewen • Jan. 14, 2025
  • The exterior of Perfect Moment's store in the SoHo neighborhood of New York. A yellow cab is parked out front.
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    Courtesy of Perfect Moment
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    Perfect Moment seeks global expansion through agency partnerships

    The luxury ski brand is working to grow its international wholesale presence as it faces a potential delisting from the New York Stock Exchange.

    By Howard Ruben • Jan. 13, 2025
  • A group of models wearing clothes by designer Willy Chavarria pose on steps, flanked by potted palm trees. Explore the Trendlineâž”
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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
  • The interior entrance to a JC Penney mall store, with fronds of a plant in the foreground.
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    Daphne Howland/Fashion Dive
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    J.C. Penney, Brooks Brothers operator join forces as ‘Catalyst Brands’

    The new entity features other labels owned by Authentic Brands Group and run by Sparc Group. Investors include Shein and mall REITs Simon and Brookfield.

    By Daphne Howland • Jan. 10, 2025
  • Four people of various body sizes wear white form-fitting floor-length dresses.
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    Courtesy of Tala
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    Former Boden, Net-a-Porter creative director moves into activewear

    Sustainable fitness brand Tala has appointed Jon Wetherell to the top design role ahead of plans to expand the business internationally.

    By Lara Ewen • Jan. 10, 2025
  • A model walks down the runway during the day as seated crowds watch from the sidelines.
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    Getty Images
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    Y/Project shuts down

    The Paris-based fashion label is shuttering after 14 years following last year’s exit of CEO Pascal Conte-Jodra and creative director Glenn Martens.

    By Lara Ewen • Jan. 9, 2025
  • A stack of True Religion jeans for sale at a storefront.
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    John Shearer/WireImage for HollyRod Foundation via Getty Images
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    Private equity firm buys controlling stake in True Religion

    The deal with Acon Investments comes as the denim brand looks to diversify its product offering and expand its reach.

    By Laurel Deppen • Jan. 9, 2025
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    Francois Durand via Getty Images
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    Deep Dive

    5 fashion industry trends to watch in 2025

    Sourcing and sustainability challenges will hit home as luxury and corporate shifts reshape the global fashion landscape.

    By Laurel Deppen • Jan. 8, 2025
  • A person in a red sweater smiles at the camera while sitting on a beige couch. On a table in front of him are several phone cases and some housewares displayed on an orange tray.
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    Bryan Bedder via Getty Images
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    Consortium Brand Partners acquires Jonathan Adler

    This is the private equity firm’s third acquisition in 18 months, following previously announced deals with Draper James and Outdoor Voices.

    By Lara Ewen • Jan. 8, 2025
  • A view of a Dr. Martens store as people pass by.
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    Gareth Cattermole via Getty Images
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    Dr. Martens creative director steps down after a decade

    Darren McKoy said he was ready to embrace new opportunities and creative challenges, and the footwear company hasn’t named a replacement.

    By Laurel Deppen • Updated Jan. 7, 2025
  • Mexico President Claudia Sheinbaum and Economy Secretary Marcelo Ebrard stand with a signed decree affecting apparel duties.
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    Courtesy of Presidencia de la Republica
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    Mexico restricts duty-free apparel imports

    The rule change will significantly impact foreign fashion brands and 3PLs using Mexico for de minimis shipments to the U.S.

    By Edwin Lopez • Updated Jan. 6, 2025
  • Models walk parallel runways surrounded by onlookers.
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    Roy Rochlin via Getty Images
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    Fashion Workers Act signed into law in New York

    The legislation requires model management firms to register with the state and offers protections against AI and exploitation.

    By Laurel Deppen • Jan. 3, 2025
  • A Farfetch shopping bag sits on an orange seat.
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    The image by [email protected] is licensed under CC BY-SA 2.0
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    Perfect Corp expands into luxury fashion with Wannaby acquisition

    The company was acquired from Farfetch so Perfect Corp can broaden its virtual try-on capabilities into categories like shoes, bags and apparel. 

    By Kaarin Moore • Jan. 3, 2025
  • A person in a red and white floral top and goldtone hoop earrings faces the camera.
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    Courtesy of Laura Ashley
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    Marquee Brands acquires Laura Ashley

    With the addition of the U.K.-based lifestyle company, Marquee’s brand portfolio will exceed $4 billion in retail sales.

    By Lara Ewen • Jan. 3, 2025
  • Neiman Marcus store in Friendship Heights, Maryland
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    Daphne Howland/Fashion Dive
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    Saks Global names new leadership as it completes $2.7B Neiman Marcus acquisition

    Saks CEO Marc Metrick will lead the expanded company, while Chief Merchandising Officer Tracy Margolies will take over as Bergdorf Goodman’s president. 

    By Nate Delesline III • Jan. 2, 2025
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    Daphne Howland/Fashion Dive
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    Nordstroms succeed in taking company private for $6.25B

    The board unanimously approved the deal, which also includes Mexican retail conglomerate El Puerto de Liverpool and gives the founding family a majority stake.

    By Daphne Howland • Jan. 2, 2025
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    Courtesy of Hugo Boss
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    Hugo Boss launches independent recycling, reuse company

    Eightyards will begin operations in January and manage the group’s waste but is eyeing expansion beyond fashion.

    By Laurel Deppen • Dec. 19, 2024
  • A woman with long red hair leans on a table covered in beauty products and faces the camera.
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    Courtesy of Puig
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    Puig to acquire Charlotte Tilbury by 2031

    The two companies’ strategic partnership will extend until Puig assumes ownership, and Charlotte Tilbury Limited will retain minority brand ownership until then.

    By Lara Ewen • Dec. 18, 2024
  • A person stands beneath a giant Chanel logo on a dark runway.
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    Pascal Le Segretain via Getty Images
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    9 luxury brands that made creative director changes in 2024

    Some of the departing designers exited their roles for new high-profile jobs while others have not announced future plans, leaving 2025 open to even more shifts.

    By Lara Ewen • Dec. 18, 2024
  • An Express storefront at King of Prussia mall in Pennsylvania
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    Permission granted by Express
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    SEC charges Express with failing to disclose $1M in perks to former CEO

    The agency did not impose a penalty, though, in part because the apparel retailer self-reported.

    By Kaarin Moore • Dec. 18, 2024
  • A closeup as two people in wire-frame glasses pose for the camera.
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    Retrieved from L'amy on December 17, 2024
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    L’amy eyewear extends Champion licensing agreement

    In partnership with the athleticwear brand’s new owner, Authentic Brands Group, the optical and sunglass firm has agreed to continue its relationship.

    By Lara Ewen • Dec. 17, 2024
  • Vera Wang at the Met Gala.
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    Aliah Anderson via Getty Images
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    Vera Wang sells namesake brand to WHP Global

    Wang will become a shareholder and continue to lead the label’s creative direction.

    By Laurel Deppen • Dec. 16, 2024
  • A man in a white suit and a woman in a blue denim gown stand in front of photographers.
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    Dimitrios Kambouris via Getty Images
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    4 designers who moved downmarket in 2024

    As younger consumers gravitate toward streetwear and shy away from luxury, new creative directors are bringing an elevated aesthetic to accessible fashion.

    By Lara Ewen • Dec. 16, 2024
  • Tall trees in front of a bike, boat and ski store.
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    Daphne Howland/Fashion Dive
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    L.L. Bean confirms layoffs of up to 3% of Maine HQ workforce

    The outdoor brand earlier this year announced plans to expand its store footprint, despite sales declines in 2023.

    By Daphne Howland • Dec. 16, 2024
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    Getty Images
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    Need a de minimis strategy? Here are 4 questions every shipper should ask.

    Shipping using Section 321 is not a good idea for every e-commerce company, logistics experts say.

    By Edwin Lopez • Dec. 13, 2024
  • A person in jeans and a white T-shirt waves at the back of a fashion runway as the audience applauds from the sidelines.
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    Danny E. Martindale via Getty Images
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    Bottega Veneta names Louise Trotter creative director

    The designer will leave her role at Carven in early 2025 and succeeds Matthieu Blazy, who is taking on the role of artistic director of fashion activities at Chanel.

    By Lara Ewen • Dec. 13, 2024