Corporate/Finance: Page 18
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Courtesy of Cascale
Cascale’s new CEO is approaching the role as a mission
Colin Browne, most recently of Under Armour, was appointed shortly after the nonprofit coalition's rebrand.
By Laurel Deppen • May 7, 2024 -
Pablo Cuadra/Getty Images via Getty Images
Adidas’ request for new trial in Thom Browne stripes lawsuit denied
The athleticwear company and the Zegna-owned brand have been involved in various legal disputes since 2021.
By Laurel Deppen • May 6, 2024 -
Dan Kitwood via Getty Images
Hugo Boss momentum slows following record growth
The company's sales were up in the first quarter but have stalled considerably since last year.
By Lara Ewen • May 6, 2024 -
Pietro S. D'Aprano via Getty Images
Stefano Rosso named Marni CEO
The executive will retain his position as chairman of Maison Margiela, board member of the OTB Group and CEO of Brave Virtual Xperience.
By Lara Ewen • May 3, 2024 -
Courtesy of Gap Inc.
Banana Republic’s CEO is out
Sandra Stangl arrived in 2020 and oversaw the addition of home goods, her forte, at a tough time for the category.
By Daphne Howland • May 3, 2024 -
Edwin Lopez/Fashion Dive
How Cotopaxi navigated remediation of a tier 1 supplier
The outdoor apparel and accessories brand chose remediation over removal to avoid exacerbating negative worker impacts, an executive said.
By S.L. Fuller • May 2, 2024 -
Courtesy of Wrangler
Kontoor sees Q1 revenue fall, updates outlook
Despite the decline, the Wrangler and Lee parent company said the results were stronger than expected.
By Laurel Deppen • May 2, 2024 -
Romain Maurice/Getty Images for Life By Style Collective via Getty Images
Steve Madden Q1 revenue grows 19%
The company’s wholesale segment was aided in part by last year’s acquisition of Almost Famous.
By Laurel Deppen • May 1, 2024 -
Daphne Howland/Fashion Dive
Royalty fees squeeze Vince margins
The company is targeting more than $30 million in savings in part to offset the new cost of licensing its own brand from Authentic Brands Group.
By Daphne Howland • May 1, 2024 -
Vittorio Zunino Celotto via Getty Images
Lanvin Group forecasts growth amid uncertain economy
In confirming its fiscal 2023 revenue, the company’s new chairman Zhen Huang expressed optimism about its profitability goals.
By Lara Ewen • April 30, 2024 -
Astrid Stawiarz via Getty Images
Ted Baker says North America bankruptcy due in part to failures by Authentic’s Europe and UK operators
The retailer said in court documents that suppliers were not paid, leading to shipment delays, order cancellations and merchandise shortages.
By Lara Ewen • Updated May 1, 2024 -
Juan Naharro Gimenez via Getty Images
Columbia continues ‘growth acceleration strategies’ as net sales fall 6%
The Q1 results come after the sportswear company, which owns Sorel, prAna and Mountain Hardwear, warned that 2024 would be challenging.
By Laurel Deppen • April 29, 2024 -
Natalia Khimich via Getty Images
Reformation reports spike in direct emissions, misses 2023 carbon intensity target
The apparel company known for pioneering sustainable practices said it aims to slash its scope 1 and 2 emissions by 42% by 2030, compared to a 2021 baseline.
By Zoya Mirza • April 29, 2024 -
Photo by Spencer Platt/Getty Images via Getty Images
Skechers logs record Q1 sales amid wholesale revival
The company expects revenue to increase by up to 11% for the fiscal year, which an analyst called “a pleasant surprise.”
By Laurel Deppen • April 26, 2024 -
Bryan Bedder via Getty Images
Hermès revenue resilient despite widespread luxury downturn
Earnings were up 13% in Q1, with strong global sales and increased demand for leather goods, jewelry, home and fashion and accessories.
By Lara Ewen • April 26, 2024 -
Courtesy of Abercrombie & Fitch
The turnaround of Abercrombie & Fitch is finally here
S&P Global Ratings on Tuesday upgraded the apparel retailer, not just on its better-than-expected 2023 performance but also its strong momentum.
By Daphne Howland • April 25, 2024 -
Brian Ach via Getty Images
Miu Miu’s popularity helps Prada Group revenue grow 11% in Q1
Retail sales for the brand were up 89%, reinforcing its continued consumer appeal against a wider backdrop of luxury sector challenges.
By Lara Ewen • April 24, 2024 -
Victor Boyko via Getty Images
Kering forecasts recurring operating income decline of up to 45% in H1
Gucci revenue dropped double-digits in the first quarter of 2024, which its parent company blamed on “ongoing normalization” in the luxury sector.
By Lara Ewen • April 24, 2024 -
Vittorio Zunino Celotto via Getty Images
Zegna Group revenue up 8.1% in Q1
Thom Browne revenue fell more than 30% due to DTC challenges in China, wholesale streamlining and updated delivery timing.
By Lara Ewen • April 23, 2024 -
Courtesy of Gildan
Gildan to replace 5 members of its board ahead of annual meeting
The move is a tactic by the activewear company to show it’s compromising in the midst of a proxy battle, an analyst said.
By Laurel Deppen • April 23, 2024 -
Courtesy of Nike
Second phase of Nike layoffs to hit Oregon headquarters this summer
After the job cuts, effective June 28, about 740 employees will have been impacted in the athleticwear brand’s home state.
By Cara Salpini • April 23, 2024 -
Drew Angerer via Getty Images
FTC sues to block Tapestry’s $8.5B acquisition of Capri Holdings
The commission alleges the deal prevents competition between brands at both companies and gives Tapestry a dominant share of the “accessible luxury” handbag market.
By Lara Ewen • April 22, 2024 -
Rick Diamond/WireImage via Getty Images
EssilorLuxottica growth slows in Q1 as North America revenue lags
The luxury eyewear company saw modest gains, but noted that strong earnings in 2023 made comparisons challenging.
By Lara Ewen • April 19, 2024 -
Courtesy of Gildan
New Gildan CEO announces strategic plan, preliminary Q1 revenue
The activewear company, which is weighing potential sale bids in the midst of a proxy battle, expects a 1% revenue decline.
By Laurel Deppen • April 18, 2024 -
Courtesy of Adidas
Adidas raises guidance for the year as Yeezy leftovers keep on giving
But the sneaker giant is building momentum beyond the now-discontinued sub-brand, and CEO Bjørn Gulden’s turnaround seems to be taking hold.
By Daphne Howland • April 18, 2024
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