Corporate/Finance: Page 25

  • Mannequins are seen through the windows of a storefront for What Goes Around Comes Around.
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    Bryan Bedder/Getty Images for Rachel Zoe via Getty Images
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    5 fashion lawsuits to watch in 2024

    As the new year begins, some years-old fashion cases are going to trial, and newer cases may be changing venues.

    By • Jan. 10, 2024
  • Two runners in athleticwear jog down a suburban street.
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    Retrieved from Wolverine Worldwide on January 10, 2024
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    Wolverine reports Q4 revenue of $527 million

    The company said numbers from its preliminary 2023 financial results were in-line with its November guidance, and added that both its inventory and debt had been reduced.

    By • Jan. 10, 2024
  • A model stands against a blank white background wearing a floor-length black coat.
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    Retrieved from Courtesy of Balenciaga on January 09, 2024
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    Biomaterials firm backed by Kering raises 11 million euros

    Mogu Srl has completed Series A funding and plans to launch a demo production plant, expand its team and increase its research and development efforts.

    By • Jan. 9, 2024
  • A Rent the Runway sign is pictured.
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    Michael M. Santiago/Getty Images via Getty Images
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    Rent the Runway to cut 10% of its corporate workforce, COO resigns

    The designer rental service is launching a restructuring plan, which it says will result in $11 million to $13 million in annualized run rate cash savings.

    By • Jan. 9, 2024
  • A brick entrance to a corner apparel store.
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    Daphne Howland/Fashion Dive
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    Chico’s CEO out as brands join Sycamore holding company

    Molly Langenstein took over the top job four years ago amid slumping sales and a tumultuous period for the women’s apparel company.

    By Daphne Howland • Jan. 9, 2024
  • A close up of a person holding a pink Chanel bag with the logo displayed.
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    Pascal Le Segretain/Getty Images via Getty Images
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    Legal fight between Chanel and What Goes Around Comes Around continues

    The French house accused the luxury reseller of false advertising and misleading use of Chanel’s trademarks.

    By • Jan. 8, 2024
  • A small hanging store sign reads "Chico's."
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    Daphne Howland/Fashion Dive
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    Chico’s joins Sycamore’s KnitWell Group

    Last year the private equity firm announced it would acquire the apparel conglomerate for $1 billion.

    By Daphne Howland • Jan. 8, 2024
  • Models walk a wide outdoor runway in Paris with the Eiffel Tower in the background during the Stella McCartney Womenswear spring-summer 2024.
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    Pascal Le Segretain via Getty Images
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    Stella McCartney losses narrow as company reports 23% revenue uptick

    The company said the improvement is in line with its “trajectory towards break-even.”

    By Lara Ewen • Jan. 5, 2024
  • A group of shoes from DC Shoes and Roxy are pictured on display.
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    Courtesy of Authentic Brands Group
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    Authentic lands licensing deal for DC Shoes

    BBC International will handle global design, wholesale distribution and sourcing for the skate brand, which Authentic acquired in the Boardriders portfolio.

    By • Jan. 5, 2024
  • A man, designer Bruno Sialelli. stands at the end of an elaborate runway and waves goodbye to the crowd.
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    Pascal Le Segretain via Getty Images
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    4 brands heading into 2024 without creative directors

    After a carousel of designer comings and goings, a few high-profile vacancies remain as the new year begins.

    By • Jan. 3, 2024
  • Zulily's webpage
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    Courtesy of Zulily
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    Zulily goes out of business, plans to liquidate

    The retailer has entered an assignment for the benefit of creditors, an alternative to bankruptcy, after seven months under private equity ownership. 

    By Nate Delesline III • Jan. 3, 2024
  • A model wears brightly colored Sundry clothing.
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    Retrieved from Digital Brands Group on January 03, 2024
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    Digital Brands Group expects to earn $27M in revenue in 2024

    The company, which is undergoing a strategic review, said it is working to boost shareholder value.

    By • Updated Jan. 4, 2024
  • An exterior shot of the corner of a large corporate headquarters building with Canadian flags outside and the word "wolverine" on the front.
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    Retrieved from Wolverine Worldwide on December 21, 2023
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    Wolverine Worldwide appoints chief supply chain officer

    In the newly created role, Bishu Jayaram will be responsible for the footwear company’s sourcing, distribution and logistics.

    By • Dec. 21, 2023
  • A pile of pulp from textile recycling firm Renewcell sits against a dark background.
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    Courtesy of Renewcell
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    Renewcell secures $9.8M in short-term funding

    The new capital comes after the textile recycling firm reported underperforming Q3 sales.

    By • Dec. 21, 2023
  • A green-trimmed store front of a Matches fashion store features mannequins in the window.
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    Retrieved from Matchesfashion on December 20, 2023
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    Frasers Group acquires Matches in $65.9M deal

    The deal helps the U.K. conglomerate, which also owns Flannels, strengthen its position in the luxury market.

    By • Dec. 20, 2023
  • Young woman online shopping using the laptop at home
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    FG Trade via Getty Images
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    With website down, Zulily’s future in doubt

    The e-commerce retailer's website is currently "down for maintenance," following layoffs.

    By Nate Delesline III • Dec. 20, 2023
  • The exterior of Gildan Activewear's headquarters
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    Courtesy of Gildan
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    More Gildan Activewear shareholders call for CEO reinstatement

    Jarislowsky Fraser Ltd., reportedly the largest shareholder of the apparel company, is asking the board to dismiss its chairman following the decision.

    By • Dec. 19, 2023
  • A Farfetch shopping bag sits on an orange seat.
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    The image by [email protected] is licensed under CC BY-SA 2.0
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    Farfetch and Coupang deal has consequences for luxury, e-commerce: analysts weigh in

    The newly announced acquisition deal may signal a new path forward for the struggling platform, but challenges remain.

    By • Dec. 19, 2023
  • People walk past the exterior of a Timberland storefront.
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    Matthew Eisman/Getty Images for Pandora Media via Getty Images
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    VF Corp. reports stolen data from cybersecurity incident

    The attack last week has impacted the apparel conglomerate’s ability to fulfill orders.

    By • Dec. 18, 2023
  • Image shows interior storefront of Coupang featuring neon displays.
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    Courtesy of Coupang
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    Farfetch to be acquired by Coupang in a $500M deal

    As a result, Farfetch will be delisted from the NYSE, and its agreement to buy YOOX Net-a-Porter from Richemont has been terminated.

    By • Dec. 18, 2023
  • The interior of a Gildan garment dyeing facility.
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    Courtesy of Gildan
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    2 Gildan Activewear shareholders call for CEO reinstatement

    After co-founder Glen Chamandy was ousted earlier this week, shareholders of the company are calling for changes.

    By • Dec. 15, 2023
  • A person is seen holding a phone with the Temu app. They are viewing a shirt.
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    Screenshot: Temu

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    Temu accuses Shein of ‘mafia-style intimidation,’ imprisonment and coercion in new lawsuit

    The complaint claims Shein made its fast fashion rival the target of malicious behavior intended to thwart Temu's success.

    By • Dec. 15, 2023
  • An augmented reality storefront for Farfetch
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    Courtesy of Farfetch
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    Farfetch gets Moody’s downgrade

    The financial firm gave the luxury e-commerce platform a rating of “poor standing” and “subject to very high credit risk” following the company’s cancellation of its Q3 earnings call.

    By • Dec. 13, 2023
  • A model wears a black and tan coat and walks down a white runway for fashion brand Chloé.
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    Pascal Le Segretain via Getty Images
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    Richemont announces new president and CEO of Chloé

    Laurent Malecaze, recently the top executive of Dunhill, will step into the role while Richemont seeks his replacement.

    By • Dec. 13, 2023
  • The interior of a Tommy Hilfiger store includes shelves of shirts and mannequins in suit pieces.
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    John Sciulli/Getty Images for Tommy Hilfiger via Getty Images
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    PVH names new president of Tommy Hilfiger North America and chief people officer

    The appointments come as the company works to boost profitability for its Calvin Klein and Tommy Hilfiger brands.

    By • Dec. 13, 2023