Corporate/Finance: Page 2

  • A person in a suit stands facing the camera with his arms crossed.
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    Courtesy of Ermenegildo Zegna Group
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    Zegna Group reports fiscal 2023 gross profit of $1.3B

    The company confirmed February preliminary revenue while also announcing a 108% year-over-year profit increase.

    By • April 5, 2024
  • Someone stands to left of a store window with a white neon sign that reads "The Levi's Tailor Shop San Francisco."
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    Daphne Howland/Fashion Dive
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    Levi’s gains momentum as Beyoncé name-checks the brand on her new album

    Despite Q1 revenue declines and a net loss, the denim maker noted strength in the U.S., its largest market, and other reasons for optimism.

    By Daphne Howland • April 5, 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
  • Two people are seen hugging in the water on a beach.
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    Courtesy of Hurley
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    Hurley inks licensing deal for upcoming women’s sportswear and activewear line

    The surf, skate and snow brand is partnering with Mamiye Brothers for a spring 2025 release.

    By • April 4, 2024
  • People walk by a Nike store.
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    Feng Li via Getty Images
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    Nike commits to bolder brand marketing as part of rebound plan

    The Summer Olympics will serve as a showcase for some of the sportswear giant's most impactful marketing in years, executives said.

    By Peter Adams • April 3, 2024
  • The interior of a Calvin Klein store. There are shelves displaying handbags and shoes as well as racks and mannequins featuring suiting.
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    Lintao Zhang/Getty Images for Calvin Klein via Getty Images
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    PVH beats revenue expectations but projects a sluggish 2024

    The Calvin Klein and Tommy Hilfiger parent company’s stock slipped 22% in premarket trading following its lower-than-expected outlook.

    By • April 2, 2024
  • Lim Mi-Kyoung poses for a professional headshot.
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    Courtesy of Authentic Brands Group
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    Authentic names new head of Australia and New Zealand

    Lim Mi-Kyoung, who most recently was with WP Brands, will be responsible for business development in the region.

    By • April 2, 2024
  • A Quiksilver flag is stuck in the sand on a beach.
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    J.Sciulli/WireImage for Evolutionary Media Group via Getty Images
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    Boardriders to lay off more than 600 by end of April

    This round of cuts include C-suite execs and brings the total affected in California to nearly 700 since the company was acquired by Authentic Brands Group.

    By • Updated April 1, 2024
  • External storefront of a Lands' End.
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    Courtesy of Lands' End
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    Lands’ End lays off 10% of corporate workforce

    Most of those layoffs came in January, though some were the result of earlier changes to the retailer's sourcing organization.

    By Nate Delesline III • April 1, 2024
  • Steam rises from factory pipes in a city and the sky behind the pipes is bright pink and orange.
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    lapandr via Getty Images
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    Fashion fails to keep ‘grandiose promises’ on sustainability, human rights: report

    Major brands haven’t improved their practices compared to last year, according to the 2024 Remake Fashion Accountability Report.

    By Lauren Schenkman • March 29, 2024
  • A mall entrance to a clothing store named "Torrid."
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    Daphne Howland/Fashion Dive
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    Despite last year’s declines, Torrid could grab more market share

    The plus-size leader faces ongoing reluctance to spend on discretionary goods, but has inventory control and other strengths on its side.

    By Daphne Howland • March 29, 2024
  • Alessandro Michele, with shoulder-length brown hair, wears a silver chain mail shirt under a gold brocade jacket and lightly tinted aviator sunglasses.
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    Michael Tran/FilmMagic via Getty Images
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    Alessandro Michele is Maison Valentino’s new creative director

    The appointment comes almost a week after the departure of Pierpaolo Piccioli, who joined the house in 1999 and spent eight years at the design helm.

    By • March 28, 2024
  • A vast pile of clothes is pictured in a warehouse.
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    Courtesy of Renewcell
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    Q&A

    Renewcell exec on what led to bankruptcy, what’s next

    Tricia Carey said as the company seeks a buyer, its inventory of pulp and fiber is still available.

    By • March 28, 2024
  • Canada Goose storefront in Las Vegas.
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    Courtesy of Canada Goose
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    Canada Goose cuts corporate workforce by 17%, shakes up executive roles

    As part of a DTC focus, the brand said about a year ago that it would double its footprint within five years, but some analysts anticipate that slowing.

    By Daphne Howland • March 27, 2024
  • A person looks at themselves in the mirror while wearing pale clothing in a spring 2024 ad for Vince.
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    Retrieved from Vince on March 27, 2024
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    Vince CEO steps down

    Jack Schwefel’s resignation is effective immediately, and former CFO David Stefko will hold the position until a successor is named.

    By • March 27, 2024
  • A gold Tabi split toe boot sits on a clear stand.
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    Courtesy of OTB Group
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    OTB Group acquires majority stake in luxury footwear manufacturer

    Italy-based Calzaturificio Stephen has been a strategic supplier for the company for more than 20 years and makes Maison Margiela’s popular Tabi shoes.

    By • March 26, 2024
  • A person sees themself in three mirrors wearing different clothing. The person is holding a cellphone.
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    Courtesy of Temu
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    How Temu sales stack up to e-commerce competitors: report

    Data from Earnest Analytics found that the fast fashion company has nearly double the retention rate of companies such as Walmart and Target.

    By • March 25, 2024
  • To the right of a mall store entrance, a minimalist gray granite facade features the red and white Lululemon logo and white lettering.
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    Daphne Howland/Fashion Dive
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    Has Lululemon peaked?

    Growth in North America has slowed, but analysts aren’t worried, given the brand’s innovation, past nimbleness and potential abroad.

    By Daphne Howland • March 25, 2024
  • Tim Hamilton stands in front of an ombre-lit curtain wearing a black suit and black t-shirt with his hands in his pockets smiling at the camera.
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    Dario Cantatore via Getty Images
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    Nike hires Tim Hamilton as vice president of men’s apparel design

    The award-winning menswear designer was formerly at The North Face, where he helped orchestrate collaborations with brands including Gucci and Supreme.

    By • March 25, 2024
  • Bernard Arnault wears a suit and holds a microphone while standing against a blue background with white lettering.
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    Marc Piasecki via Getty Images
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    Longtime LVMH executive to leave board, management roles

    Antonio “Toni” Belloni will step down from his current positions in April but will remain with the company as president of LVMH Italy and take on “strategic missions for Bernard Arnault.”

    By • March 22, 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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    Nike refocuses on innovation as Q3 revenues fall flat

    CEO John Donahoe said the sportswear brand “is not performing at our potential” and needs to lean back into wholesale and product innovation.

    By Cara Salpini • March 22, 2024
  • The interior of a Gildan garment dyeing facility.
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    Courtesy of Gildan
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    Gildan Activewear considers sale

    The apparel manufacturer is weighing potential bids from several buyers as the company faces a shareholder proxy fight.

    By • March 21, 2024
  • Models walk the runway wearing high fashion clothes at a Gucci show.
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    Victor Boyko via Getty Images
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    Gucci revenue projected to plunge 20% in Q1

    Declining sales in Asia drove the brand’s poor performance, according to parent company Kering.

    By • March 21, 2024
  • Designer Dries Van Noten waves while walking on the runway.
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    Francois Durand via Getty Images
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    Dries Van Noten will step down from design role at namesake brand

    The menswear collection for spring-summer 2025 will be his last, though the designer intends to “stay involved in the House that I treasure so much.”

    By • March 20, 2024
  • Tom Waldron is pictured for a professional headshot.
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    Courtesy of Kontoor Brands
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    Kontoor names COO amid transformation initiative

    Tom Waldron will be responsible for overseeing both the Wrangler and Lee brands, as well as the company’s supply chain operations.

    By • March 20, 2024
  • Bulk fabric ready for recycling sits in warehouse.
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    Retrieved from Renewcell on March 19, 2024
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    Renewcell extends deadline for purchase offers

    Potential buyers have until March 28 to submit bids following the textile waste recycling company’s bankruptcy filing last month.

    By • March 19, 2024