Corporate/Finance: Page 21
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Courtesy of Hugo Boss
Hugo Boss posts modest 2024 fiscal outlook
Although the company saw record sales in 2023, significantly lowered expectations for the coming year caused stock prices to plummet.
By Lara Ewen • March 8, 2024 -
Jean Chung via Getty Images
Prada Group revenues up 13% in 2023, although sales in the Americas lag
Miu Miu underpinned growth for the fashion house due in part to the brand’s popular cardigans and ballet flats, which kicked off a librarian-chic trend.
By Lara Ewen • March 7, 2024 -
Vittorio Zunino Celotto via Getty Images
Salvatore Ferragamo sees revenue slip 7.6%
The Italy-based house attributed declines in its retail segment to the softening luxury market, especially during the second half of 2023.
By Laurel Deppen • March 7, 2024 -
Courtesy of Birkenstock
Birkenstock’s expanding production capacity lifts sales as it eyes more growth ahead
The footwear brand plans to double capacity in the next three years, spending tens of millions of dollars along the way.
By Ben Unglesbee • March 7, 2024 -
Daphne Howland/Fashion Dive
Investors throw another $800M onto Macy’s takeover bid
Arkhouse Management and its partners have upped their offer to $6.6 billion despite the department store’s refusal to share financial information.
By Daphne Howland • March 6, 2024 -
New majority-stake owners of The Children’s Place come through with funds, shake up board
Saudi investment firm Mithaq Capital is providing $78.6 million in interest-free, unsecured and subordinated term loans.
By Daphne Howland • March 4, 2024 -
Courtesy of Kontoor
Kontoor revenue falls 8% in Q4
The previous quarter’s boost from a Barbie collaboration was no longer visible, and full-year earnings dropped 1% in fiscal 2023.
By Lara Ewen • March 1, 2024 -
John Lamparski/Getty Images via Getty Images
Wolverine World Wide lays off 150 at distribution center
The company is permanently closing its operations in Louisville, Kentucky, after previously saying its Saucony and Sperry brands would continue to operate out of the facility.
By Laurel Deppen • Updated March 12, 2024 -
Courtesy of Zulily
Zulily IP assets put up for sale
The sale includes customer data, domain names, over 200 trademarks and code for the Zulily proprietary app.
By Tatiana Walk-Morris • March 1, 2024 -
Pietro S. D'Aprano via Getty Images
Moncler revenue up 15% to almost $3.2B in 2023
The record-setting results were driven by strong DTC sales for both the Moncler and Stone Island brands, despite wholesale declines for the two lines.
By Lara Ewen • Feb. 29, 2024 -
Laurel Deppen/Fashion Dive
Steve Madden sees revenue turnaround in Q4
The footwear and apparel company’s DTC revenue increased after five consecutive quarters of declines.
By Laurel Deppen • Feb. 29, 2024 -
After tamping down marketing spend, Rent the Runway brings on new chief marketing officer
Natalie McGrath comes from Afterpay, with experience at apparel brands including Bandier, Coach, Alexander Wang and Net-A-Porter.
By Daphne Howland • Feb. 29, 2024 -
Michael Vi via Getty Images
Coupang wants to transform the luxury fashion customer experience
On its Q4 earnings call, CEO Bom Kim said his company was confident that buying Farfetch was a prudent financial decision.
By Lara Ewen • Feb. 28, 2024 -
Matt Winkelmeyer via Getty Images
Dickies announces new vice president of global marketing
Denise Anderson joins the workwear brand from Smartwool, also owned by VF Corp, where she spent nine years in marketing and creative roles.
By Lara Ewen • Feb. 28, 2024 -
Courtesy of Rowing Blazers
Rowing Blazers sells majority stake to Burch Creative Capital
The deal will allow the preppy streetwear brand to develop a womenswear line and expand its retail footprint.
By Laurel Deppen • Feb. 27, 2024 -
Courtesy of Renewcell
Textile recycler Renewcell to file for bankruptcy
The Circulose fiber manufacturer was unable to secure financing following several quarters of declining sales.
By Lara Ewen • Feb. 26, 2024 -
Wolverine sees 20.8% revenue slip in Q4
The Merrell owner is expecting further declines in the 2024 fiscal year as it moves forward with corporate restructuring.
By Laurel Deppen • Feb. 26, 2024 -
Courtesy of Gildan
Gildan Activewear sees 9% sales increase in Q4
Vince Tyra led his first earnings call as CEO against the backdrop of a pending proxy fight following the firing of Glenn Chamandy.
By Laurel Deppen • Feb. 23, 2024 -
Pascal Le Segretain via Getty Images
Lanvin Group reports 1% revenue growth for 2023
The Lanvin brand saw a 7% year-over-year decline, while the Caruso brand saw a 30% revenue increase for the period.
By Lara Ewen • Feb. 22, 2024 -
Courtesy of Timberland
S&P Global Ratings downgrades VF Corp, expects sale of at least one major brand
Declines at VF’s top four labels will likely continue amid weakness in wholesale and direct-to-consumer sales — and not just at Vans.
By Daphne Howland • Feb. 22, 2024 -
Tullio M. Puglia/Getty Images via Getty Images
OTB reports 9.1% sales growth to 1.8B euros
The fiscal 2023 increase comes after a year in which the Diesel owner appointed new CEOs to several of its key brands.
By Laurel Deppen • Feb. 21, 2024 -
Daphne Howland/Fashion Dive
Macy’s faces proxy fight after rejecting takeover bid
Will investors be tempted by the idea of capitalizing on the department store's real estate holdings?
By Daphne Howland • Feb. 21, 2024 -
Mackenzie Sweetnam/Getty Images via Getty Images
Guess and WHP to acquire Rag & Bone
Guess will contribute $56.5 million to the deal, which is expected to close in the first half of 2024.
By Laurel Deppen • Feb. 20, 2024 -
Cara Salpini/Fashion Dive
Nike to lay off more than 1,600 employees
On the heels of a cost-savings plan announced in December, the activewear giant confirmed it plans to cut about 2% of its total workforce.
By Cara Salpini • Feb. 20, 2024 -
Pascal Le Segretain via Getty Images
José Neves will step down as Farfetch CEO
The move comes two weeks after Coupang completed its acquisition of the luxury e-commerce platform.
By Lara Ewen • Feb. 16, 2024
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