Corporate/Finance: Page 29


  • The store sign on a Vans store in New York City.
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    Daphne Howland/Fashion Dive
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    Activist firm calls VF Corp. under ex-CEO a ‘death star,’ demands $300M in cost cuts and a board shakeup

    But some proposals floated by Engaged Capital are already in place under new CEO Bracken Darrell and could take time to bear fruit, Wedbush said.

    By Daphne Howland • Oct. 19, 2023
  • 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 Gap veteran as chief supply chain officer

    Shawn Curran joins the footwear and apparel brand after three decades with Gap.

    By Alejandra Carranza • Oct. 18, 2023
  • A person walks in front of a Nike store.
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    Kevin Frayer/Getty Images via Getty Images
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    Apparel firms rank in top 100 public companies on ESG disclosures

    The 100 Best Corporate Citizens report found that Nike, VF Corp. and Ralph Lauren got top marks in environmental and social practices.

    By Oct. 18, 2023
  • Two images of Davide Renne, a person with a beard, brown plaid shirt, and large gold earrings.
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    Permission granted by Alessio Bolzoni/Moschino
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    Moschino appoints new creative director

    Davide Renne, formerly head designer of womenswear at Gucci, will take on the role that's been vacant since Jeremy Scott's departure in March.

    By Oct. 16, 2023
  • Exterior shot of a Birkenstock store.
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    Courtesy of Birkenstock
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    Birkenstock slides 12% in public market debut

    The footwear brand began trading at $41 a share on Wednesday after pricing its IPO at $46.

    By Caroline Jansen • Oct. 13, 2023
  • A red Levi's tab sign against a bright blue sky.
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    Daphne Howland/Fashion Dive
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    Levi’s brings inventory under control, expands supplier base

    The apparel company has made swift progress in cleaning up its stock recently after a “tough” time trying to operate its distribution centers.

    By Ben Unglesbee • Oct. 12, 2023
  • A Skechers storefront is pictured on a street corner.
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    Courtesy of Skechers
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    Skechers granted an injunction against Dockers for alleged patent infringement

    A regional court in Germany has prohibited Dockers from selling a slip-on style shoe in the European Union.

    By Oct. 11, 2023
  • Adidas store in Shanghai
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    Courtesy of Adidas
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    Adidas President of North America Rupert Campbell to exit

    Arthur Hoeld, who is already responsible for global sales at Adidas, will take over Campbell’s responsibilities until a replacement is found.

    By Cara Salpini • Oct. 11, 2023
  • Christmas windows of Louis Vuitton store in December in Milan, Italy as seen from a slight distance, with people milling out front.
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    Vittorio Zunino Celotto via Getty Images
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    LVMH revenue up 1% in Q3 as luxury’s boom slows

    The company’s fashion and leather goods division saw a 9% increase, but growth has slowed following a more robust first half of the year.

    By Oct. 11, 2023
  • 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 kicks the inventory doldrums with levels down 10%

    The sportswear giant has come a long way from a year ago, when stock levels were surging with retailers and consumers pulling back on purchasing.

    By Ben Unglesbee • Oct. 10, 2023
  • Pandora storefront in NYC.
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    Kaarin Vembar/Fashion Dive
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    Pandora looks to retail expansion for growth

    The jewelry brand set new financial targets for revenue and free cash flow related to its Phoenix growth strategy.

    By Dani James • Oct. 9, 2023
  • Chemena Kamali, wearing a white blouse and with long brown hair, looks into the camera in a black-and-white headshot.
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    Courtesy of David Sims/Richemont
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    Chloé names a new creative director

    Chemena Kamali replaces Gabriela Hearst, who left the Richemont-owned house earlier this year.

    By Oct. 9, 2023
  • Levi's
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    "Levi's 506 jeans" by M62 is licensed under CC BY 2.0
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    Levi’s posts flat revenue for Q3, cuts full-year guidance

    The company cut its outlook for the second consecutive quarter, stating its approach was cautious due to macro-environment uncertainty.

    By Nate Delesline III • Oct. 6, 2023
  • Marcelo Claure stands for a professional headshot with the Shein logo in the background.
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    Courtesy of Shein
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    Shein names new group vice chairman

    Marcelo Claure was most recently chairman of Shein Latin America.

    By Oct. 6, 2023
  • Interior shot a Birkenstock store. Shoes are on shelves, and tables.
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    Courtesy of Birkenstock
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    Birkenstock sets sights on valuation of up to $9.2B

    As its revenue continues to increase, the footwear brand expects its IPO pricing to be between $44 and $49 per ordinary share.

    By Dani James • Oct. 4, 2023
  • A man, Seán McGirr, wear a black t-shirt and stares into the camera.
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    Courtesy of Kering
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    Alexander McQueen names new creative director

    Seán McGirr, who previously worked at JW Anderson and Dries Van Noten, will take over for Sarah Burton, who announced her exit in September after 27 years with the house.

    By Oct. 3, 2023
  • Three people wearing bridesmaid dresses stand together. The person in the center holds a cake.
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    Retrieved from Birdy Grey on February 24, 2023
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    Birdy Grey builds out C-suite with new COO, CTO hires

    The DTC bridal brand brought on a new operating chief following Eloquii co-founder Steve Zawada's exit in June after about six months.

    Oct. 3, 2023
  • Vestiaire Collective clothing display of resale fashions.
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    Permission granted by Vestiaire Collective
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    Vestiaire Collective names new head of global communications

    Lauren Picciano comes to the luxury reseller after spending more than 15 years working in public relations for Saks, Bergdorf Goodman, Hearst and La Perla.

    By Oct. 2, 2023
  • 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 says better profitability is on the horizon as net income edges down in Q1

    Chief Financial Officer Matt Friend said the athleticwear brand expects to be “a more direct and a more digital company and a more profitable company” going forward.

    By Cara Salpini • Oct. 2, 2023
  • Anders Sjoblom is pictured for a professional headshot.
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    Courtesy of Recover™
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    Recycled materials company hires H&M exec as CEO

    Recover, which has recently forged partnerships with several brands for recycled denim, is switching up its top leadership roles.

    By Sept. 28, 2023
  • 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 cost cuts pay off as Q4, full-year losses narrow

    But sales declines continue, and the apparel box retailer has decided to shutter its U.K. operation by the end of its first quarter.

    By Daphne Howland • Sept. 20, 2023
  • The HanesBrands headquarters in North Carolina is pictured.
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    Courtesy of HanesBrands
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    Hanes evaluating options for its Champion business

    After signing a recent license agreement with G-III, HanesBrands is now weighing additional strategies for the brand, including a potential sale.

    By Sept. 19, 2023
  • Land's End
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    Courtesy of Land's End
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    Land’s End interim takes permanent CFO seat

    Bernard McCracken is the latest chief accounting officer to be promoted to a public company’s top finance role. 

    By Maura Webber Sadovi • Sept. 19, 2023
  • Flowers and Shein branding on display.
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    Shirlaine Forrest via Getty Images
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    Shein adds $85M to its ESG initiatives

    The funding will be earmarked to help aspiring designers, women, young people and the underprivileged.

    By Laurel Deppen • Sept. 15, 2023
  • Nordstrom shuffles leadership, again

    Among a flurry of appointments, the retailer announced a new chief merchant, Rack president and president of Nordstrom stores.

    By Kaarin Moore • Sept. 15, 2023