Corporate/Finance: Page 17
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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 Lara Ewen • May 28, 2024 -
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 -
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 Laurel Deppen • May 24, 2024 -
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 -
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 Laurel Deppen • May 23, 2024 -
Ralph Lauren revenue up slightly, CFO exits
The company predicted upcoming profit declines and announced the departure of Jane Nielsen after eight years.
By Lara Ewen • May 23, 2024 -
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 -
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 Lara Ewen • May 22, 2024 -
Mara Hoffman puts namesake brand on hold
The 2023 CFDA Environmental Sustainability award-winner cited challenges with creating eco-friendly fashion.
By Lara Ewen • May 21, 2024 -
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 Laurel Deppen • May 20, 2024 -
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 -
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 Lara Ewen • Updated July 16, 2024 -
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 Laurel Deppen • May 17, 2024 -
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 Lara Ewen • May 16, 2024 -
Burberry profits fall by more than a third in 2024
The London-based luxury house had an especially challenging fourth quarter with overall revenue for the year falling 4%.
By Lara Ewen • Updated July 15, 2024 -
Q&A
Regulations could improve ESG in fashion, but Worldly exec says it’s not enough
James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.
By Laurel Deppen • May 15, 2024 -
Tory Burch gets a new North America president
Former Clarins executive Christophe de Pous will join two additional leadership hires as the company expands its global presence.
By Lara Ewen • May 14, 2024 -
Allbirds revenue plummets 28% in Q1 as CEO says the brand is ‘executing with urgency’
Joe Vernachio said the retailer shuttered three stores in the quarter and is on track with its planned closures, which will amount to 10 to 15 this year.
By Cara Salpini • May 13, 2024 -
Salvatore Ferragamo revenue drops more than 18%
The decline was attributed to poor DTC performance in China and Korea as well as weak global wholesale.
By Lara Ewen • May 13, 2024 -
Aeffe revenue down 14% in Q1
The company is repositioning its Moschino brand following the January appointment of creative director Adrian Appiolaza.
By Lara Ewen • May 10, 2024 -
"Gap in Hillcrest Mall" by Raysonho @ Open Grid Scheduler / Scalable Grid Engine is licensed under CC BY 1.0
Gap names new global CMO amid push to revitalize brand
Fabiola Torres joins the retailer from PepsiCo and was lauded for her ability to connect with globally diverse consumers.
By Peter Adams • May 10, 2024 -
Tapestry Q3 sales down as smaller brands continue to struggle
Against the backdrop of an FTC lawsuit, Coach sales were flat, and Kate Spade and Stuart Weitzman continued to decline.
By Lara Ewen • May 9, 2024 -
Champion remains a drag on HanesBrands’ earnings
Global sales for the activewear brand fell 26% in the first quarter, as the company considers selling it off.
By Laurel Deppen • May 9, 2024 -
EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply
Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.
By Zoya Mirza • May 9, 2024 -
Heydude still a drag on Crocs in Q1
Former Ulta exec Susan Healey has been appointed chief financial officer, replacing Anne Mehlman, now Crocs brand chief.
By Daphne Howland • May 8, 2024