Corporate/Finance: Page 26
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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 Lara Ewen • Dec. 13, 2023 -
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 Laurel Deppen • Dec. 13, 2023 -
Uniqlo plans more than 20 new stores in North America in 2024
The Japan-based fast fashion company is expanding its retail presence in the U.S. and Canada and expects to have 200 locations open by 2027.
By Lara Ewen • Dec. 12, 2023 -
Why Macy’s investors reportedly offered $5.8B to take the department store private
The company’s real estate, and not its retail operations, are likely motivating the offer, which the would-be suitors may be willing to increase.
By Daphne Howland • Dec. 12, 2023 -
Gildan Activewear names new president and CEO
Company co-founder Glenn Chamandy, the previous CEO, released a statement saying he was terminated without cause after 40 years with the firm.
By Laurel Deppen • Dec. 11, 2023 -
Torrid Q3 net sales drop, swings to net loss
The apparel and accessories brand updated its full-year guidance again and permanently appointed Paula Dempsey as its new CFO.
By Dani James • Dec. 11, 2023 -
Amazon cuts referral fees for some apparel sellers
The retailer said the changes are meant to improve the speed of delivery and reduce total costs to serve.
By Nate Delesline III • Dec. 8, 2023 -
Lanvin Group founding chairman and CEO exits the company, effective immediately
Joann Cheng leaves after six years and took the company public on the New York Stock Exchange during her tenure.
By Lara Ewen • Dec. 8, 2023 -
Farfetch faces class-action lawsuit from shareholders over alleged false and misleading statements
The complaint serves as a backdrop for rumors that the luxury e-commerce platform plans to delist from the New York Stock Exchange.
By Laurel Deppen • Dec. 7, 2023 -
Stitch Fix sales and customer count decline further, but loss narrows
The apparel box e-retailer kept a grip on expenses and is making major operational changes to boost sales and profits, executives said Tuesday.
By Daphne Howland • Dec. 7, 2023 -
Aerosoles inks licensing deal for apparel
The footwear brand, owned by American Exchange Group, said the deal with Maze Collections will further diversify its portfolio.
By Laurel Deppen • Dec. 7, 2023 -
Zegna plans for 10% company-wide growth and cash surplus
Tom Ford Fashion is expected to grow revenues by more than 10%, and the Thom Browne brand is expected to see high-teens growth and streamlined wholesale.
By Lara Ewen • Dec. 6, 2023 -
Can Lululemon maintain its momentum?
Ahead of the brand’s Q3 report this week, Wells Fargo analysts downgraded their stock outlook, while other analysts raised their price targets.
By Daphne Howland • Dec. 6, 2023 -
Retrieved from Designer Brands on December 05, 2023
Designer Brands Q3 sales drop 9.1% as DTC numbers lag
This represents the third consecutive quarter of high single-digit sales decreases for the company, which has also undergone a series of executive changes and layoffs this year.
By Lara Ewen • Dec. 6, 2023 -
Rochas appoints new ready-to-wear creative director
The Interparfums-owned French luxury house gave the job to Alessandro Vigilante, following the March departure of Charles de Vilmorin.
By Lara Ewen • Dec. 5, 2023 -
G-III names former PVH exec as chief growth and operations officer, reports flat sales
The apparel conglomerate appointed Dana Perlman to the newly created role and adjusted earnings guidance for its 2024 fiscal year.
By Laurel Deppen • Dec. 5, 2023 -
Guess walks inventory tightrope while retail buyers stay ‘very careful’ on purchasing
The apparel company has been cautious in its buying while trying to meet the needs of department stores and others who seek agility to meet demand.
By Ben Unglesbee • Dec. 5, 2023 -
Tod’s Group names new creative director
Matteo Tamburini will be responsible for both womenswear and menswear. He succeeds Walter Chiapponi, who left the role in September.
By Lara Ewen • Dec. 4, 2023 -
Retrieved from Lacoste on August 16, 2023
Activewear brand Bandier seeks buyer for IP, assets
After facing headwinds, including supply chain challenges, the brand is now conducting an expedited sale process through a bankruptcy alternative.
By Dani James • Dec. 4, 2023 -
Shein’s IPO and its quest for legitimacy: analysts weigh in
A public offering from the fast fashion giant could provide capital opportunities in the mainstream market amid competition from the discount e-commerce sector.
By Laurel Deppen • Dec. 1, 2023 -
Retrieved from Champion on December 01, 2023
HanesBrands names new global vice president, chief marketing officer at Champion
The company has appointed former Canada Goose exec Richard Mcleod to spearhead strategy and positioning for the struggling athleticwear brand.
By Lara Ewen • Dec. 1, 2023 -
VF Corp lays off 500 salaried employees amid turnaround
The job cuts come weeks after an activist investor demanded the conglomerate slash $300 million in expenses.
By Daphne Howland • Dec. 1, 2023 -
PVH reports increased earnings, but predicts a revenue slide in Q4
While the company is seeing success in positioning the Tommy Hilfiger and Calvin Klein brands for growth, an analyst warns the company still has a long way to go.
By Laurel Deppen • Nov. 30, 2023 -
Ralph Lauren veteran takes CFO job at Vince
John Szczepanski takes on a role that has had significant turnover in recent months, as the struggling brand embarks on a turnaround.
By Daphne Howland • Nov. 30, 2023 -
Retrieved from Google on Nov. 21, 2023.
Saks to lay off 90 at Pennsylvania fulfillment center
The cuts are slated to begin in January as the e-commerce retailer shifts volume to more advanced facilities.
By Max Garland • Nov. 29, 2023