Corporate/Finance: Page 2


  • Julie Legrand, Puma's director of global brand strategy.
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    Courtesy of Puma
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    Puma taps H&M vet to lead global brand strategy

    Julie Legrand, who also held senior brand and marketing positions at Procter & Gamble, joins the athletics retailer with 20 years of experience.

    By Howard Ruben • Feb. 12, 2024
  • Models stand on a dark runway holding handbags and wearing colorful outfits.
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    Pascal Le Segretain via Getty Images
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    Prada and L’Oreal sign license agreement for Miu Miu beauty line

    The first fragrances under the deal are expected to launch in 2025.

    By Feb. 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
  • Hermès Birkin bags are on colorful stands displayed at Christie's.
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    Cindy Ord via Getty Images
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    Hermès sales outdo luxury rivals

    The company’s global resilience in the sector was aided by strong growth for its ready-to-wear segment and continued demand for its leather goods.

    By Feb. 9, 2024
  • A closeup of an MK emblem on a shirt.
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    Photo by JP Yim/Getty Images for ELLE via Getty Images
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    Capri Q3 revenue drops 5.6%

    Michael Kors, Jimmy Choo and Versace all saw declines, which the company's CEO attributed to a softening demand for luxury goods.

    By Feb. 9, 2024
  • A Ralph Lauren store as seen at night is lit up for the winter holidays.
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    Maryam Majd via Getty Images
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    Ralph Lauren’s Q3 revenue up after positive holiday sales

    North America wholesale dropped 15%, but the brand continued to grow its DTC business as global sales in that category increased 9%.

    By Feb. 9, 2024
  • Shoppers walking by an Under Armour store.
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    Cara Salpini/Fashion Dive
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    Under Armour CEO on sportstyle pivot: ‘We’re not trying to be anything other than authentically Under Armour’

    Stephanie Linnartz talked about the evolution of the company's product offering as revenue fell 6%.

    By Cara Salpini • Feb. 9, 2024
  • A closeup of a Coach bag on a person.
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    Donell Woodson/Getty Images via Getty Images
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    Coach leads Tapestry to Q2 revenue increase in fiscal 2024, but other brands lag

    The Kate Spade and Stuart Weitzman brands saw revenue declines for the period.

    By Feb. 8, 2024
  • A rose-covered escalator is near a Gucci store inside a mall.
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    Getty Images via Getty Images
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    Kering revenue drops 4% for fiscal 2023

    All of the luxury conglomerate’s fashion houses saw 8% declines in Q4 and low-single-digit declines for the year.

    By Feb. 8, 2024
  • Header image for "Aeropostale, Forever 21 Owner Authentic Brands Exploring IPO"
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    Getty Images via Getty Images
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    Simon Property Group trims stake in Forever 21, Brooks Brothers brand-management firm Authentic

    The mall REIT is unwinding some of its investment into the retail business, which CEO David Simon has acknowledged is more volatile than real estate.

    By Daphne Howland • Feb. 8, 2024
  • A closeup of a person's shoes, pink and red Vans with checkered shoelaces.
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    Juan Naharro Gimenez/Getty Images via Getty Images
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    VF launches strategic review of brand assets, CFO steps down

    The company’s largest brands saw Q3 double-digit revenue declines, while overall company revenue dipped 16% for the period.

    By Feb. 7, 2024
  • Farfetch noteholders ask court to liquidate holding company

    The group requested for independent liquidators to take control of the company and investigate “the circumstances of its apparent rapid and unexplained failure.”

    By Feb. 7, 2024
  • A person in a denim shirt and jeans stands with arms crossed, smiling.
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    Courtesy of Gap Inc., photo credit Mario Sorrenti
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    Zac Posen is Gap Inc.’s latest hire in a long line

    The designer, known for his women’s dresses, joins a team tasked with “brand reinvigoration and greater cultural relevance,” the company said.

    By Daphne Howland • Feb. 6, 2024
  • A Hoka storefront in Los Angeles
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    Cara Salpini/Fashion Dive
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    Deckers names new CEO as Q3 sales tick up 16%

    Stefano Caroti, who most recently was the company’s chief commercial officer, also led Hoka in the interim and spent over a decade at Nike.

    By Tatiana Walk-Morris • Feb. 6, 2024
  • A white store with a Macy's banner and red store, with a "Now Open" sign on the windows.
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    Courtesy of Macy's
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    New Macy’s CEO Tony Spring takes over

    Spring, who stepped into the role on Sunday, faces several challenges, including a take-private offer and changes to the department store’s fleet.

    By Nate Delesline III • Feb. 5, 2024
  • A person is fishing and wearing cream colored fishing gear and sunglasses.
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    Courtesy of Columbia
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    Columbia braces for challenging 2024 as net sales rise 1% in fiscal 2023

    The company projected a net sales decline of between 2% and 4% against a background of "economic and geopolitical uncertainty."

    By Feb. 2, 2024
  • The Skechers logo is pictured on a storefront window, which shows shoes on display inside.
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    Justin Sullivan/Getty Images via Getty Images
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    Skechers logs record $8B in annual sales, but wholesale remains a pain point

     After retailers cut back on inventory levels last year, the footwear giant's CFO said he expects things to turn around in 2024.

    By Feb. 2, 2024
  • Kanye West stands in front of Adidas and Yeezy logo.
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    Jonathan Leibson via Getty Images
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    Adidas plans to sell the rest of its Yeezy inventory ‘at least at cost’ this year

    The company, which originally toyed with the idea of writing off all leftover merchandise from the failed partnership, has instead sold it off piece by piece.

    By Cara Salpini • Feb. 2, 2024
  • Models walk in a straight line down the runway as a crowd watches.
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    Pietro D'aprano/Getty Images via Getty Images
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    Zegna’s revenue grew 27.6% for fiscal 2023

    The Thom Browne owner saw double-digit growth in all geographic regions.

    By Feb. 1, 2024
  • A street lamp and a couple of people to the left of a large corner store with a red "H&M" sign, as others stroll and window shop.
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    Daphne Howland/Fashion Dive
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    H&M Group CEO is out

    Helena Helmersson unexpectedly stepped down after four years at the helm, replaced by Daniel Ervér, chief of the company’s namesake brand.

    By Daphne Howland • Feb. 1, 2024
  • Image shows interior storefront of Coupang featuring neon displays.
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    Courtesy of Coupang
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    Coupang completes acquisition of Farfetch

    The $500 million deal, initially announced in December, was threatened last week by Farfetch bond holders seeking to recover their investment in the luxury e-commerce firm.

    By Jan. 31, 2024
  • A close-up of a person's feet wearing Adidas sneakers in black, white and grey.
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    Araya Diaz/Getty Images for PacSun via Getty Images
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    EU rejects Adidas’ claim against Thom Browne in ongoing battle over stripe graphic

    The decision is the latest in a series of disputes between the companies over the design.

    By Jan. 31, 2024
  • A person with glasses, a mustache, and tattoos on his neck and face wears colorful clothing and sits smiling at the camera.
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    Permission granted by Moschino/photo by Daria Svertilova
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    Moschino appoints Adrian Appiolaza to creative director role

    The designer will oversee the label’s women’s, men’s and accessories collections. He fills a position that has been empty since the November death of Davide Renne.

    By Jan. 30, 2024
  • A one-story store sits on a corner against a blue sky.
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    Courtesy of REI Co-op
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    REI to lay off 357, including 200 at corporate headquarters

    The move is the company’s third round of layoffs in less than 12 months.

    By Nate Delesline III • Jan. 30, 2024
  • The exterior of Gildan Activewear's headquarters
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    Courtesy of Gildan
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    Gildan moves to block shareholder special meeting

    The activewear firm is filing an application with a Canada court to nullify Browning West LP’s attempt to reinstate former CEO Glenn Chamandy.

    By Jan. 30, 2024
  • A person, Jose Neves, sits on a stage speaking into a microphone.
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    Jason Carter Rinaldi via Getty Images
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    Farfetch deal with Coupang threatened by ad hoc investor group

    The noteholders, who collectively hold more than half of the luxury e-commerce platform’s 2027 bonds, say they’re seeking options that would allow them to recover their funds.

    By Updated Jan. 30, 2024