Corporate/Finance: Page 2

  • A model in a striped dress holds a lime handbag on a gold chain.
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    Alena Zakirova via Getty Images
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    Kering suffers steep losses amid leadership and creative changes

    The Gucci parent company posted a 46% net income decline for the first half of fiscal 2025, while Q2 revenue sank 18%.

    By • July 29, 2025
  • A man in a gray coat stands in front of multiple models on a fashion runway.
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    Vittorio Zunino Celotto via Getty Images
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    Zegna Group sells shares in $126M deal

    Singapore-based investment company Temasek Holdings will own a 10% stake in the Italy-based luxury firm once the transaction closes.

    By • July 29, 2025
  • A group of models wearing clothes by designer Willy Chavarria pose on steps, flanked by potted palm trees. Explore the Trendline➔
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    Thierry Chesnot 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 2025, but few industries are more adept at reinvention or more suited to change.

    By Fashion Dive staff
  • A phone user browses Depop's mobile app.
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    Courtesy of Depop
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    Depop names permanent CEO

    Peter Semple, who officially takes the helm on Friday, has been serving in the role on an interim basis since May.

    By Howard Ruben • July 29, 2025
  • Skechers shoes on a display in a store.
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    Brandon Bell via Getty Images
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    Skechers denies patent infringement in lawsuit over slip-ins

    Kizik Designs claimed it invented the hands-free shoe category that Skechers has made a key part of its business.

    By • July 28, 2025
  • A person with long, straight, dark hair stands smiling at the camera in a close-up.
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    Jamie McCarthy via Getty Images
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    Rebecca Minkoff shifts to a licensing model

    The Sunrise Brands-owned label signed partnerships for handbags, loungewear, footwear and jewelry, but will retain control of its digital presence and retail network.

    By • July 28, 2025
  • The exterior of Hoka's New York City flagship store
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    Courtesy of Elias Parise/Hoka
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    Hoka brick-and-mortar stores ‘the primary venue for full-price sales’

    With the brand’s customers tending to look for price breaks online, Deckers is looking to expand retail partnerships as well as its own stores.

    By Daphne Howland • July 28, 2025
  • Male models walk down a fashion runway.
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    Kristy Sparow via Getty Images
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    LVMH profits tumble 22% as luxury headwinds persist

    Fashion and leather goods revenue declined 8% for the first half of the year, although new creative directors at Dior and Loewe could change that trajectory.

    By • July 25, 2025
  • An exterior corner of a Macy's store.
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    Daphne Howland/Fashion Dive
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    Apparel, department stores struggling the most under US trade policy, analysis shows

    A pause in some tariffs lessens the profitability hit, but costs are higher and “the consumer environment remains difficult,” Moody’s Ratings said.

    By Daphne Howland • July 22, 2025
  • Runway models, including actor Richard E. Grant, walk on a runway wearing clothing from Burberry.
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    John Phillips via Getty Images
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    Burberry stems its losses amid cost cuts

    First quarter retail revenue was down 6%, but the decline marked a significant improvement over the same period last year.

    By • July 21, 2025
  • A large downtown department store.
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    "Saks Fifth Avenue Chicago" by kzoocowboy is licensed under CC BY 2.0
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    Saks Global struggles continue as Q1 sales, profit decline

    The company beat its own expectations and says it’s making progress, though analysts warn it’s losing customers to Bloomingdale’s and Nordstrom.

    By Daphne Howland • July 21, 2025
  • Close up of clothing hang tag. Recycled cotton product details.
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    Stock via Getty Images
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    Circularity in fashion is ‘mainstream’ but progress slowing: report

    The 2025 Circular Fashion Index from Kearney found that a lack of a clear business case for circularity is holding up efforts.

    By • July 21, 2025
  • A person with bobbed hair wearing a dark jacket smiles slightly.
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    Courtesy of Saks Global
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    Saks Global taps Neiman Marcus vet as CFO

    Brandy Richardson was most recently at Tailored Brands and joins the luxury retailer at a financially tricky time.

    By Daphne Howland • July 18, 2025
  • A variety of sunglasses are displayed against a lighted background.
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    fadfebrian via Getty Images
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    6 recent licensing deals that are reshaping the fashion industry

    In the second quarter of 2025, brands looked to expand their global reach and deepen their connection with existing customers.

    By • July 18, 2025
  • A closeup of the Cartier logo on a building.
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    Andrew H. Walker via Getty Images
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    Jewelry again leads Richemont to revenue growth while apparel falters

    The Cartier owner is among the first to report earnings this season, but it’s likely to continue to outperform its peers, according to analysts.

    By • July 17, 2025
  • Tall trees in front of a bike, boat and ski store.
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    Daphne Howland/Fashion Dive
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    L.L. Bean in search of a new CEO

    Stephen Smith, the retailer’s first chief executive from outside the company or founding family, will leave next spring after a decade in the post.

    By Daphne Howland • July 16, 2025
  • A professional headshot of Helena Helmersson
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    Courtesy of Mango
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    Mango adds former H&M CEO to board

    Helena Helmersson is chairman of Circulose, which just signed a partnership with Mango to integrate recycled textiles into its supply chain.

    By • July 16, 2025
  • Meryll Rogge in a professional headshot.
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    Courtesy of Gretar Gunnlaugsson/OTB
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    Marni appoints new creative director

    Meryll Rogge will succeed Francesco Risso, who left the OTB-owned house last month.

    By • July 15, 2025
  • A person stretches across barstools at a diner.
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    Courtesy of Levi Strauss & Co.
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    Levi’s ups guidance despite tariff impact

    The brand is leaning on partnerships with Beyoncé, Shaboozey and Nike as it works to boost its direct-to-consumer channel worldwide.

    By Daphne Howland • July 15, 2025
  • A group of people in a Gen Phoenix factory stand by a pile of material. A person holds the material.
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    Courtesy of Gen Phoenix
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    Tapestry increases stake in recycled leather maker

    The Coach owner signed a supply agreement and is participating in Gen Phoenix’s $15 million funding round.

    By • July 15, 2025
  • A laptop displaying the Shein website and a phone displaying the Shein logo.
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    Ben Montgomery via Getty Images
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    Shein faces class action lawsuit over marketing texts

    The fast fashion giant is accused of repeatedly texting those on the national Do-Not-Call registry.

    By • July 14, 2025
  • An interior view of a Brunello Cucinelli boutique.
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    Claudio Lavenia/Getty Images for Brunello Cucinelli via Getty Images
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    Brunello Cucinelli continues upward trend in tough economy

    The Italy-based fashion house reaffirmed its projection of double-digit growth for the fiscal year amid mixed results for the overall luxury sector.

    By • July 11, 2025
  • The exterior of a Burberry store features two flags displaying the brand's logos.
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    Carl Court via Getty Images
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    Analysts say ‘it’s a sobering time for luxury sales’

    In a preview of July revenue releases from LVMH, Richemont, Burberry and others, HSBC said that Liberation Day tariff announcements negatively impacted the market in April.

    By • July 11, 2025
  • A Neiman Marcus department store, surrounded by trees.
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    Daphne Howland/Fashion Dive
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    S&P Global Ratings downgrades Saks, warns latest financing deal is ‘tantamount to a default’

    Saks Global emphasized that there’s no default related to its new agreement with bondholders, calling the rating updates “common and expected with transactions like these.”

    By Daphne Howland • July 10, 2025
  • A corporate headshot of designer Nicole Miller.
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    Courtesy of Nicole Miller
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    Nicole Miller signs licensing partnership for Latin America

    The deal with Tycoon Enterprises will launch the New York-based lifestyle brand next year in key markets throughout the region, prioritizing Mexico.

    By • July 10, 2025
  • An exterior of a Mulberry store, with a fake telephone box outside of it. Two mannequins are in the window display.
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    Clemens Bilan/Getty Images for Mulberry via Getty Images
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    Mulberry raises $27M to accelerate turnaround strategy

    The funding round was announced at the same time the company reported a 21% revenue decline for its latest fiscal year.

    By • July 10, 2025