Corporate/Finance: Page 2

  • A model in a furry coat walks down a runway flanked by two large, stylized cartoon monsters.
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    Gareth Cattermole via Getty Images
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    Mulberry appoints new CEO

    Andrea Baldo, formerly of Ganni, joins the luxury fashion brand in September and replaces Thierry Andretta, who is exiting the company immediately.

    By • July 9, 2024
  • A label hangs from a pair of pants. The label reads "Express."
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    Brandon Bell via Getty Images
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    Express bankruptcy spurs layoffs at Ohio facility

    The company's logistics and shipping partner Bath & Body Works is shrinking its distribution operations for the apparel retailer due to declines in volume.

    By Philip Neuffer • July 9, 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
  • Model in a brown shorts outfit walks on a runway flanked with stalks of wheat.
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    Vittorio Zunino Celotto via Getty Images
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    Max Mara and Shiseido sign long-term fragrance deal

    The partnership will grant the Japan-based beauty giant an exclusive worldwide license to develop, produce, market and distribute scents for the luxury fashion house.

    By • July 8, 2024
  • A large, white building with the words Neiman Marcus on the side stands in a parking lot.
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    Scott Olson via Getty Images
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    Saks Fifth Avenue parent company to acquire Neiman Marcus Group for $2.6B

    The rival companies will continue to operate independently and the deal is partially funded by e-commerce giant Amazon.

    By • July 8, 2024
  • Two people stand side by side against a white background and stare at the camera.
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    Courtesy of Benjamin Askinas for Flipper's World
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    Roller skating brand Flipper’s World names fashion insider CEO

    The company, owned by model Liberty Ross in partnership with musician Usher, hired former Fear of God COO Eddie Bromberg ahead of its apparel launch.

    By • July 1, 2024
  • Jay Gaines is pictured for a professional headshot in front of a grey background.
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    Courtesy of Worldly
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    Worldly expands C-suite with 2 new hires

    Kevin Vranes and Jay Gaines were brought in to work on product innovation and marketing as the sustainability data platform looks to expand its reach.

    By • July 1, 2024
  • A person walks in front of a Nike store.
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    Kevin Frayer/Getty Images via Getty Images
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    Nike expects more revenue declines ahead after ‘sluggish’ Q4

    CEO John Donahoe said the company is “embracing a more balanced approach” to DTC and wholesale after a rough set of numbers.

    By Cara Salpini • July 1, 2024
  • A Skechers retail store.
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    Courtesy of Skechers
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    Skechers supplier accused of using forced labor

    The shoe material maker and two other vendors joined the Department of Homeland Security’s list of companies banned from importing goods into the U.S.

    By Kelly Stroh • June 28, 2024
  • Four people stand for a professional headshot.
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    Courtesy of TrusTrace
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    TrusTrace upgrades forced labor screening

    The platform’s supply chain tool uses AI to reduce “the likelihood of human error” and help fashion brands with regulatory compliance.

    By • June 28, 2024
  • A person in a black suit jacket stands at the top of a white runway and bows slightly.
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    Slaven Vlasic via Getty Images
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    Lanvin names Peter Copping artistic director

    The former head of Balenciaga couture will be the first creative lead at the luxury house since the April 2023 departure of Bruno Sialelli.

    By • June 27, 2024
  • Actor Jeremy Allen White is pictured for a photoshoot in black and white. He is wearing Calvin Klein boxer briefs and a wet T-shirt.
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    Courtesy of PVH Corp.
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    Deep Dive

    Calvin Klein’s Jeremy Allen White ads turned heads, but the biggest impact may be to the brand’s image

    “The Bear” star’s images generated $74 million in media impact value amid a years-long effort by holding company PVH to make the line more desirable.

    By • June 27, 2024
  • 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
  • An Under Armour storefront inside a mall.
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    "Under Armour at MixC Zhengzhou" by Windmemories is licensed under CC BY-SA 4.0
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    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