Corporate/Finance: Page 27
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Farfetch calls off Q3 2023 earnings announcement
The results report was canceled the day before it was scheduled to occur and there is speculation that the company is planning to go private.
By Lara Ewen • Nov. 29, 2023 -
Temperley London sells majority stake to Dubai-based investment firm
The British luxury house’s namesake Alice Temperley will stay on as creative director while the brand looks to launch bags, shoes and ready-to-wear.
By Laurel Deppen • Nov. 29, 2023 -
Gucci staff in Rome strike to protest relocation plans
The move would shift the Kering-owned house’s design studio from Rome to Milan and affect a reported 153 out of 219 employees.
By Lara Ewen • Nov. 28, 2023 -
Shein reportedly files for IPO
The fast fashion giant had reportedly been eyeing the move all year, against a backdrop of scrutiny from U.S. lawmakers over its supply chain practices.
By Laurel Deppen • Nov. 28, 2023 -
Abercrombie & Fitch sales jump 20% in Q3
The company’s namesake brand posted 30% growth, while Hollister was up 11%. Now it’s a question of sustaining that momentum, analysts said.
By Nate Delesline III • Nov. 28, 2023 -
Golden Goose asks court to dismiss New Balance’s ‘dad shoe’ infringement complaint
The streetwear brand claims the athleticwear giant failed to allege its rights in the complaint over the Dad-Star sneaker.
By Laurel Deppen • Nov. 27, 2023 -
Kohl’s president, COO exits after less than a year
Dave Alves took on the roles this spring.
By Daphne Howland • Nov. 21, 2023 -
Authentic inks licensing deal for Quiksilver, Billabong, Roxy kids apparel
Centric brands will handle the design, manufacturing and distribution in the U.S. and Canada.
By Laurel Deppen • Updated Feb. 27, 2025 -
Columbia names new president of Sorel brand
Cory Long has previously held management and director roles at DC Shoes, Asics, Supra and Converse.
By Laurel Deppen • Nov. 17, 2023 -
Burberry profit drops 18%, joining other companies in a luxury slump
While revenues were up 4%, an 8% drop in wholesale and a 9% sales decline in the Americas has hurt the company’s overall outlook.
By Lara Ewen • Nov. 16, 2023 -
Sustainable Apparel Coalition CEO to step down
Amina Razvi will leave the nonprofit coalition of fashion industry brands in December.
By Laurel Deppen • Nov. 16, 2023 -
Amid another leadership shakeup, Nike hires ex-Amazon Fashion chief
Muge Erdirik Dogan spent 16 years at the e-commerce giant, leading the apparel business for three. Her hire is just one of a slew of changes Nike announced.
By Daphne Howland • Nov. 16, 2023 -
On’s net sales jump 46.5% in Q3 as it plans to slow wholesale expansion
The athletics brand saw DTC net sales increase 54.6% and raised its full-year outlook again to project an annual growth rate of over 46%.
By Dani James • Nov. 15, 2023 -
Skechers settles patent dispute with nonslip shoe maker
Laforst Shoes can no longer sell the infringing shoe design, a federal judge ruled.
By Laurel Deppen • Nov. 14, 2023 -
Retrieved from Sperry on November 09, 2023Deep Dive
Rocking the boat shoe: Sperry’s search for a lifeline
Wolverine is looking to unload its 88-year-old lifestyle footwear brand, but finding the right buyer is a hard sell.
By Lara Ewen • Updated Nov. 20, 2023 -
Retrieved from True & Co. on November 13, 2023
PVH Corp. sells innerwear brands in a $160M deal
Warners, Olga and True & Co. will move to privately-held Basic Resources at the end of November.
By Laurel Deppen • Nov. 13, 2023 -
Richemont sales rise 6% in H1, led by double-digit growth in Asia
Sales in the Americas were soft, however, and the company’s online sales dropped 7% as it prepared to finalize its sale of YNAP to Farfetch.
By Lara Ewen • Nov. 13, 2023 -
HanesBrands activewear sales down 16.8% as it considers Champion deal
Hanes had previously announced a licensing deal with G-III Apparel Group as Champion undergoes a revamp.
By Laurel Deppen • Nov. 10, 2023 -
Capri reports 8.6% revenue drop ahead of Tapestry merger
A new Michael Kors e-commerce website resulted in $50 million of unanticipated Q2 losses, but every brand in the company’s stable suffered high single-digit declines.
By Lara Ewen • Nov. 10, 2023 -
Allbirds Q3 revenue drops over 21%, forecasts soft holiday season
The lifestyle brand reported a higher net loss and a decline in gross profit, with one analyst characterizing it as a "disastrous quarter."
By Dani James • Nov. 10, 2023 -
Tapestry reports flat revenue and mild sales growth for Coach ahead of Capri merger
Kate Spade and Stuart Weitzman saw declines as consumer appetite for high-end goods continues to wane.
By Lara Ewen • Nov. 9, 2023 -
Yeezy brings in $375M for Adidas in Q3, as overall net sales fall 6.4%
The company is undecided about how to handle remaining stock from a collaboration it nixed a year ago over problematic behavior from Ye.
By Daphne Howland • Nov. 9, 2023 -
Timberland global brand president to step down
Susie Mulder is leaving the VF Corp.-owned brand after two and a half years.
By Laurel Deppen • Nov. 9, 2023 -
Crocs tightens inventory control, including in ‘gray market’ channels
The company stopped price matching with unauthorized sellers on Amazon and took corrective action against a distributor diverting to the U.S. without permission.
By Ben Unglesbee • Nov. 8, 2023 -
Ralph Lauren revenue up slightly as North American declines slow
The company also reported strong sales in Asia, with China up 20% and the region up 10% overall.
By Lara Ewen • Nov. 8, 2023