Corporate/Finance: Page 24

  • 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
  • A piece of lingerie is displayed on a mannequin next to a bouquet of flowers.
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    Photo by Dia Dipasupil/Getty Images for Victoria's Secret via Getty Images
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    Victoria’s Secret-backed lingerie and apparel brand sues Shein

    For Love & Lemons says the fast fashion giant violated copyrighted designs, prints and graphics.

    By • Jan. 29, 2024
  • Pharrell Williams wears a green pixelated camo suit and points at the sky on the runway of his debut collection for Louis Vuitton menswear.
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    Aurelien Meunier via Getty Images
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    LVMH posts record profits and 86.2B euros in revenue for 2023

    The company’s strong fourth quarter revenue in fashion and leather goods helped ease luxury sector slowdown concerns.

    By • Jan. 26, 2024
  • A model walks the runway at the Moschino fashion show during the Milan Fashion Week Womenswear Spring/Summer 2024 on September 21, 2023 in Milan, Italy
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    Victor Boyko/Getty Images via Getty Images
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    Aeffe reports 9.5% revenue slump

    The Moschino owner is eyeing its retail division as an opportunity for growth.

    By • Jan. 26, 2024
  • People stand in front of a Fruit of the Loom shopping display.
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    Photo by Scott Olson/Getty Images via Getty Images
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    Fruit of the Loom lays off more than 100 workers at distribution center

    The innerwear and activewear manufacturer is closing one of its locations in South Carolina.

    By • Updated Jan. 25, 2024
  • A Wall St. sign with American flags in the background next to the New York Stock Exchange (NYSE).
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    Spencer Platt via Getty Images
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    Amer Sports eyes $8.7B valuation in IPO

    The athleticwear brand, which owns Wilson and Arc’teryx, is looking to raise up to $1.8 billion in its public market debut.

    By Nate Delesline III • Jan. 25, 2024
  • A person with long hair and a polka-dotted shirt smiles.
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    Courtesy of Designer Brands
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    Everlane CEO jumps to Designer Brands

    Andrea O'Donnell, who was named brands chief, has a range of merchandising and brand-building experience, including at Deckers and LVMH-owned DFS Group.

    By Daphne Howland • Jan. 24, 2024
  • A pair of fur-lined Birkenstocks are pictured in a wooden box display.
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    Photo by Jeff Schear/Getty Images for Birkenstock via Getty Images
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    Despite stock slide, Birkenstock is positioned for growth: analysts

    Company executives said the footwear brand has room for pricing adjustments to help offset inflation effects on the bottom line.

    By • Jan. 24, 2024
  • An exterior corner of a Macy's store.
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    Daphne Howland/Fashion Dive
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    Macy’s to cut 3.5% of its workforce, close 5 mall anchors

    The moves come as Tony Spring prepares to take the reins from CEO Jeff Gennette, who said a year ago that store closures were mostly complete.

    By Daphne Howland • Jan. 22, 2024
  • In a city garden, a metal globe is in the background and crowds watch models on a runway.
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    Kristy Sparow via Getty Images
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    Tracker

    The luxury fashion earnings calendar

    Fashion Dive has put together a list of luxury fashion financial reporting dates to help keep track of the sector.

    Updated May 12, 2025
  • A Gildan knitting facility.
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    Courtesy of Gildan
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    Gildan defends its decision to fire CEO

    The activewear firm has faced pressure from several investors to reinstate Glenn Chamandy after announcing a replacement last month.

    By • Jan. 19, 2024
  • Five pieces of clothing, with a cardboard box to the right that says "Stitch Fix."
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    Courtesy of Stitch Fix
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    Stitch Fix ends full-time work for stylists, lays off some leads

    The apparel box retailer has kept a tight grip on expenses, but its sales and customer base continue to shrink.

    By Daphne Howland • Jan. 19, 2024
  • A ring in a red Cartier jewelry box sits on a counter.
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    Andrew H. Walker via Getty Images
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    Richemont bucks larger luxury slowdown with 4% sales boost for Q3

    China helped boost numbers for the period, and jewelry and watches lifted retail, while the company reiterated plans to find a new buyer for Yoox Net-a-Porter.

    By • Jan. 18, 2024
  • A shot of Lululemon Global Creative Director Jonathan Cheung in a brand sweater and jacket against a white background.
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    Courtesy of Lululemon
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    Lululemon taps new global creative director

    Jonathan Cheung is taking on the role, while JJ Collier joins the athleticwear brand in the newly created position of vice president of design for outerwear.

    By Cara Salpini • Jan. 17, 2024
  • Two people hold hands and face the camera wearing gray suits, flanked by models also wearing gray suiting separates.
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    Andreas Rentz via Getty Images
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    Hugo Boss preliminary sales up 15% for 2023

    Robust Q4 sales in the Americas and Asia helped the company avoid the slump hitting other luxury brands.

    By • Jan. 17, 2024
  • A Uniqlo store is pictured while patrons walk through it.
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    Mario Tama/Getty Images via Getty Images
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    Uniqlo sues Shein over viral mini shoulder bag

    Fast Retailing-owned Uniqlo is asking Shein to cease its production of the alleged dupe.

    By • Updated Jan. 16, 2024
  • The interior of an Under Armour store in Houston, Texas.
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    Brandon Bell via Getty Images
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    Under Armour taps new chief product officer, head of Americas

    Industry veteran Yassine Saidi will take over product, and Kara Trent will replace David Baxter in the brand’s largest region. 

    By Cara Salpini • Jan. 16, 2024
  • A lit Burberry storefront as seen in the evening on an empty street.
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    Retrieved from Burberry on January 12, 2024
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    Burberry issues early profit warning

    An overall luxury sector decline and weak December sales will produce lower-than-expected results and impact the company’s fiscal year.

    By • Jan. 12, 2024
  • A crowd of spectators raise their cell phones to record the events taking place at the Concept Korea fashion show during New York Fashion Week.
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    Arturo Holmes via Getty Images
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    Deep Dive

    7 fashion industry trends to watch in 2024

    The coming year will bring fast fashion battles, more mergers and acquisitions, an evolution of luxury and a presidential election, and that’s just for starters.

    By Laurel Deppen and Lara Ewen • Jan. 12, 2024
  • A Nike storefront at The Grove shopping center in Los Angeles, California.
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    Cara Salpini/Fashion Dive
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    Nike executive Andrew Campion to exit after 17 years

    The former COO and CFO will depart to a job in higher education, as the retailer undergoes efforts to streamline the organization.

    By Nate Delesline III • Jan. 12, 2024
  • Two people on a sailboat during sunset stare the camera. One is sitting and one is standing.
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    Permission granted by Sperry
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    Authentic buys Sperry from Wolverine for $70M

    Aldo Group will handle the struggling boat shoe brand’s North American wholesale and retail operations as well as design, production and global distribution.

    By • Updated Jan. 11, 2024
  • The mall entrance of a brightly light "Forever 21" store.
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    "Forever 21" by Mike Mozart is licensed under CC BY 2.0
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    Authentic CEO: Buying Forever 21 ‘biggest mistake I made’

    Jamie Salter also says Shein makes “a lot more than $30 billion” and hinted that the brand licensing firm could IPO in the next 18 months.

    By Cara Salpini • Jan. 11, 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, Tiger Woods end partnership after 27 years

    For nearly three decades, Woods was wearing Nike during some of his most memorable athletic achievements.

    By Nate Delesline III • Jan. 10, 2024