Corporate/Finance: Page 2


  • A photo illustration of a phone on the Temu app against an orange background displaying the Temu logo.
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    Justin Sullivan via Getty Images
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    Temu is a ‘data-theft business,’ Arkansas attorney general says in lawsuit

    The complaint alleges the fast fashion company collects users’ personal information without permission.

    By June 26, 2024
  • The Nike "swoosh" on the side of a building, with another building seen behind it.
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    Daphne Howland/Fashion Dive
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    Lawsuit claims Nike CEO John Donahoe misled investors about the success of its DTC strategy

    The lawsuit alleges that Donahoe and Chief Financial Officer Matt Friend continually touted the strength of its strategy when in fact it was “unable to generate sustainable revenue growth.”

    By Cara Salpini • June 26, 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
  • Under Armour to pay $434M to settle lawsuit that claimed Kevin Plank misled investors

    If approved, the agreement requires the retailer to keep its CEO and chair roles separate for three years and instill a performance-based condition for some executive stock benefits.

    By Cara Salpini • June 25, 2024
  • White puffy clouds against a blue sky, behind a store with a blue and white banner.
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    "Bob's Stores" by Mike Mozart is licensed under CC BY 2.0
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    Eastern Mountain Sports, Bob’s Stores file for bankruptcy

    The chains, in a “liquidity crisis” since their bank found them to be in default, require emergency funding to make payroll Friday.

    By Daphne Howland • June 24, 2024
  • A close-up of a person tying a pair of white and gold sneakers.
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    Retrieved from Saucony on June 20, 2024
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    Wolverine World Wide’s Saucony brand names global chief marketing officer

    Joy Allen-Altimare is tasked with managing the line’s advertising strategies and growth.

    By June 21, 2024
  • A lit-up storefront at dusk.
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    Courtesy of Gap Inc.
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    Gap Inc. names new CTO

    Like CEO Richard Dickson, Sven Gerjets joins the apparel company from Mattel where he served as its chief technology officer.

    By Tatiana Walk-Morris • June 20, 2024
  • A closeup of a person wearing black pants and white sneakers.
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    Andreas Rentz via Getty Images
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    Authentic appoints former Adidas exec to role in Africa

    As the first general manager for the region, Warren Bowers will be tasked with expanding partnerships and spearheading strategy.

    By June 18, 2024
  • Nordstrom Rack, at Codding Town, Bend, Oregon
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    Daphne Howland/Fashion Dive
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    Nordstrom nears completion on West Coast fulfillment transition

    By transitioning operations to an omnichannel center, the retailer is building on its efforts to lower fulfillment costs.

    By Kelly Stroh • June 13, 2024
  • The eBay logo is displayed outside company headquarters.
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    Justin Sullivan via Getty Images
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    Nearly 90% of consumers bought or sold used items in the last year: EBay

    With sustainability at the forefront of their decision-making, the report finds that Gen Z and millennials are the top purchasers of circular fashion.

    By Xanayra Marin-Lopez • June 12, 2024
  • A closeup of a person's shoes, white Adidas sneakers with black stripes.
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    Juan Naharro Gimenez via Getty Images
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    Adidas’ Yeezy Boost and Campus 00s were the most faked sneakers received by resale platform: report

    StockX found in its annual verification report that apparel and sneakers were the most susceptible categories to counterfeits.

    By June 11, 2024
  • The interior of a Mango Home store. Shelves are lined with pillows, sheets, towels and various other homegoods.
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    Courtesy of Mango
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    Mango looks to strengthen homeware line with new leader

    The Barcelona-based fashion company is looking to grow its Mango Home business with product diversification as part of its goal to reach 4 billion euros in total sales by 2026.

    By June 11, 2024
  • A store display for DKNY. Clothes are hanging on a rack next to a mannequin wearing a jacket, shirt and joggers.
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    Eugene Gologursky/Getty Images via Getty Images
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    G-III buys stake in All We Wear Group

    The apparel group said the deal will help it accelerate expansion in Europe, primarily in Spain, Portugal and India.

    By June 10, 2024
  • Lululemon storefront.
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    Kaarin Vembar/Fashion Dive
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    Lululemon CEO says it missed opportunities in the women’s business in Q1

    A narrow color palette and insufficient inventory in smaller sizes contributed to slower growth in the U.S., though overall revenue was still up 10%.

    By Cara Salpini • June 10, 2024
  • The interior of the UN Trusteeship at the UN headquarters.
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    Zoya Mirza/Fashion Dive
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    The fashion industry’s ‘urgent need’ for sustainable practices

    It is “incumbent” on the industry to “bring new solutions forward,” said experts and stakeholders at the United Nations Fashion and Lifestyle Network annual meeting.

    By Zoya Mirza • June 7, 2024
  • A man in a suit jacket stands in front of several national flags and holds a microphone.
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    Craig Barritt via Getty Images
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    Kering appoints group chief brand officer

    Laurent Claquin, who has been with the company since 2005, will take on the newly created role next month.

    By June 7, 2024
  • A DSW Shoe Warehouse storefront in California with a blue sky
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    The image by By TaurusEmerald is licensed under CC BY 4.0
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    Designer Brands acquires Canadian footwear retailer Rubino

    The retailer also named a new chief marketing officer for its largest banner, DSW, as it reported flat sales for Q1.

    By Nate Delesline III • June 6, 2024
  • Martijn Hagman is pictured in a professional headshot in black and white.
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    Courtesy of PVH Corp.
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    CEO of Tommy Hilfiger Global, PVH Europe to step down

    PVH announced Martijn Hagman’s departure on the same day it released Q1 earnings, which showed a 10% revenue decrease.

    By June 5, 2024
  • A pile of pulp from textile recycling firm Renewcell sits against a dark background.
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    Courtesy of Renewcell
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    Renewcell lands buyer, will operate under new name

    Following bankruptcy, the Circulose maker was acquired by Sweden-based investment firm Altor in a move to help the company “thrive on a global scale.”

    By June 5, 2024
  • Interior view of a store features one exposed brick wall, a neon art piece of a lightning bolt and various items along the walls on display.
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    Tasia Wells via Getty Images
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    Shinola, Filson parent appoints CEO, CMO

    Steve Katzman will oversee operations at both fashion brands in the top spot at Bedrock, while Kevin Wertz, formerly of SmileDirectClub, takes the lead marketing role. 

    By June 4, 2024
  • Caroline Brown is pictured for a professional head shot.
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    Courtesy of VF Corp.
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    VF names global brand president of North Face

    Caroline Brown, former CEO of Donna Karan International, is taking on the role after a few months on the apparel conglomerate’s board of directors.

    By June 4, 2024
  • A lit-up storefront at dusk.
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    Courtesy of Gap Inc.
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    Gap Inc. turns a corner as all brands notch gains in Q1

    Under CEO Richard Dickson, who arrived last August, the apparel retailer is working to improve operational efficiencies as well as brand storytelling.

    By Daphne Howland • June 3, 2024
  • Sun Choe is seated on a stool for a professional headshot.
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    Courtesy of VF Corp.
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    Former Lululemon exec to lead Vans

    The hire is part of holding company VF Corp.’s transformation plan for the struggling brand.

    By May 31, 2024
  • A black and white professional headshot of Veronica Leoni.
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    Courtesy of Collier Schorr/PVH Corp.
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    PVH names Veronica Leoni creative director of Calvin Klein Collection

    The line, which was put on hiatus five years ago, will debut in fall 2025 with men’s and women’s apparel, underwear and accessories.

    By May 31, 2024
  • Models walk down a curved white staircase wearing camel-colored outfits and one model crosses in front of the camera in a camel-colored jacket and blue denim skirt.
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    Jamie McCarthy via Getty Images
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    Capri revenue drops more than 8% in the fourth quarter

    Versace, Jimmy Choo and Michael Kors all posted declines for the period, while the company’s proposed merger with Tapestry faces FTC pushback.

    By May 30, 2024
  • 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. sets a record with billion-dollar Q1

    The retailer is considering more brand extensions as one way to maintain its momentum.

    By Daphne Howland • May 30, 2024