Corporate/Finance: Page 29
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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 -
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 -
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 Laurel Deppen • Oct. 18, 2023 -
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 Lara Ewen • Oct. 16, 2023 -
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 -
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 -
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 Laurel Deppen • Oct. 11, 2023 -
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 -
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 Lara Ewen • Oct. 11, 2023 -
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 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 -
Chloé names a new creative director
Chemena Kamali replaces Gabriela Hearst, who left the Richemont-owned house earlier this year.
By Lara Ewen • Oct. 9, 2023 -
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 -
Shein names new group vice chairman
Marcelo Claure was most recently chairman of Shein Latin America.
By Laurel Deppen • Oct. 6, 2023 -
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 -
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 Lara Ewen • Oct. 3, 2023 -
Retrieved from Birdy Grey on February 24, 2023
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 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 Lara Ewen • Oct. 2, 2023 -
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 -
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 Laurel Deppen • Sept. 28, 2023 -
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 -
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 Laurel Deppen • Sept. 19, 2023 -
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 -
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