Corporate/Finance: Page 3


  • New majority-stake owners of The Children’s Place come through with funds, shake up board

    Saudi investment firm Mithaq Capital is providing $78.6 million in interest-free, unsecured and subordinated term loans.

    By Daphne Howland • March 4, 2024
  • A denim storefront for Lee and Wrangler jeans
    Image attribution tooltip
    Courtesy of Kontoor
    Image attribution tooltip

    Kontoor revenue falls 8% in Q4

    The previous quarter’s boost from a Barbie collaboration was no longer visible, and full-year earnings dropped 1% in fiscal 2023.

    By March 1, 2024
  • Models in colorful clothes walk the runway during the Pharrell Williams Louis Vuitton Menswear Spring/Summer 2024 show finale as part of Paris Fashion Week. Explore the Trendline
    Image attribution tooltip
    Aurelien Meunier via Getty Images
    Image attribution tooltip
    Trendline

    Top 5 stories from Fashion Dive

    Fashion faced its share of shakeups in the first half of 2024, but few industries are more adept at reinvention or more suited to change.

    By Fashion Dive staff
  • Sperry shoes are shown on display.
    Image attribution tooltip
    John Lamparski/Getty Images via Getty Images
    Image attribution tooltip

    Wolverine World Wide lays off 150 at distribution center

    The company is permanently closing its operations in Louisville, Kentucky, after previously saying its Saucony and Sperry brands would continue to operate out of the facility.

    By Updated March 12, 2024
  • Zulily's webpage
    Image attribution tooltip
    Courtesy of Zulily
    Image attribution tooltip

    Zulily IP assets put up for sale

    The sale includes customer data, domain names, over 200 trademarks and code for the Zulily proprietary app. 

    By Tatiana Walk-Morris • March 1, 2024
  • Dozens of models in white puffer jackets and hats line up in front a cathedral at nighttime for a Moncler fashion show.
    Image attribution tooltip
    Pietro S. D'Aprano via Getty Images
    Image attribution tooltip

    Moncler revenue up 15% to almost $3.2B in 2023

    The record-setting results were driven by strong DTC sales for both the Moncler and Stone Island brands, despite wholesale declines for the two lines.

    By Feb. 29, 2024
  • Mannequins are displayed in front of the Steve Madden logo
    Image attribution tooltip
    Laurel Deppen/Fashion Dive
    Image attribution tooltip

    Steve Madden sees revenue turnaround in Q4

    The footwear and apparel company’s DTC revenue increased after five consecutive quarters of declines.

    By Feb. 29, 2024
  • After tamping down marketing spend, Rent the Runway brings on new chief marketing officer

    Natalie McGrath comes from Afterpay, with experience at apparel brands including Bandier, Coach, Alexander Wang and Net-A-Porter.

    By Daphne Howland • Feb. 29, 2024
  • Coupang sign on company headquarters as seen from outside on a sunny day.
    Image attribution tooltip
    Michael Vi via Getty Images
    Image attribution tooltip

    Coupang wants to transform the luxury fashion customer experience

    On its Q4 earnings call, CEO Bom Kim said his company was confident that buying Farfetch was a prudent financial decision.

    By Feb. 28, 2024
  • Hangers with the Dickies Girl logo hold t-shirts on a rack.
    Image attribution tooltip
    Matt Winkelmeyer via Getty Images
    Image attribution tooltip

    Dickies announces new vice president of global marketing

    Denise Anderson joins the workwear brand from Smartwool, also owned by VF Corp, where she spent nine years in marketing and creative roles.

    By Feb. 28, 2024
  • Models pose together wearing Rowing Blazers apparel.
    Image attribution tooltip
    Courtesy of Rowing Blazers
    Image attribution tooltip

    Rowing Blazers sells majority stake to Burch Creative Capital

    The deal will allow the preppy streetwear brand to develop a womenswear line and expand its retail footprint. 

    By Feb. 27, 2024
  • Bulk piles of circuklose waste stacked in a warehouse.
    Image attribution tooltip
    Courtesy of Renewcell
    Image attribution tooltip

    Textile recycler Renewcell to file for bankruptcy

    The Circulose fiber manufacturer was unable to secure financing following several quarters of declining sales.

    By Feb. 26, 2024
  • Boxes of Merrell shoes are stacked inside a store.
    Image attribution tooltip
    The image by Kzoo Cowboy is licensed under CC BY 2.0
    Image attribution tooltip

    Wolverine sees 20.8% revenue slip in Q4

    The Merrell owner is expecting further declines in the 2024 fiscal year as it moves forward with corporate restructuring.

    By Feb. 26, 2024
  • A Gildan distribution center is pictured.
    Image attribution tooltip
    Courtesy of Gildan
    Image attribution tooltip

    Gildan Activewear sees 9% sales increase in Q4

    Vince Tyra led his first earnings call as CEO against the backdrop of a pending proxy fight following the firing of Glenn Chamandy.

    By Feb. 23, 2024
  • Models walk on a fashion runway.
    Image attribution tooltip
    Pascal Le Segretain via Getty Images
    Image attribution tooltip

    Lanvin Group reports 1% revenue growth for 2023

    The Lanvin brand saw a 7% year-over-year decline, while the Caruso brand saw a 30% revenue increase for the period.

    By Feb. 22, 2024
  • Timberland storefront
    Image attribution tooltip
    Courtesy of Timberland
    Image attribution tooltip

    S&P Global Ratings downgrades VF Corp, expects sale of at least one major brand

    Declines at VF’s top four labels will likely continue amid weakness in wholesale and direct-to-consumer sales — and not just at Vans.

    By Daphne Howland • Feb. 22, 2024
  • A group of models wearing Diesel walk the runway.
    Image attribution tooltip
    Tullio M. Puglia/Getty Images via Getty Images
    Image attribution tooltip

    OTB reports 9.1% sales growth to 1.8B euros

    The fiscal 2023 increase comes after a year in which the Diesel owner appointed new CEOs to several of its key brands.

    By Feb. 21, 2024
  • At the main entrance to Macy's in New York, a gilded clock and the original "R.H. Macy & Co." sign sit above the modern logo.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Macy’s faces proxy fight after rejecting takeover bid

    Will investors be tempted by the idea of capitalizing on the department store's real estate holdings?

    By Daphne Howland • Feb. 21, 2024
  • A model walks the runway wearing rag & bone, as people watch from both sides.
    Image attribution tooltip
    Mackenzie Sweetnam/Getty Images via Getty Images
    Image attribution tooltip

    Guess and WHP to acquire Rag & Bone

    Guess will contribute $56.5 million to the deal, which is expected to close in the first half of 2024.

    By Feb. 20, 2024
  • A Nike storefront at The Grove shopping center in Los Angeles, California.
    Image attribution tooltip
    Cara Salpini/Fashion Dive
    Image attribution tooltip

    Nike to lay off more than 1,600 employees

    On the heels of a cost-savings plan announced in December, the activewear giant confirmed it plans to cut about 2% of its total workforce.

    By Cara Salpini • Feb. 20, 2024
  • A man, José Neves, stands and smiles at the camera while wearing a black t-shirt under a blazer.
    Image attribution tooltip
    Pascal Le Segretain via Getty Images
    Image attribution tooltip

    José Neves will step down as Farfetch CEO

    The move comes two weeks after Coupang completed its acquisition of the luxury e-commerce platform.

    By Feb. 16, 2024
  • The Children’s Place may get a reprieve as investor takes majority stake

    Mithaq Capital has taken a 54% share, will nominate 11 people to the apparel retailer's board, and has offered to help shore up its liquidity.

    By Daphne Howland • Feb. 16, 2024
  • A pair of tortoise-shell Ray-Ban sunglasses sits on a lighted platform.
    Image attribution tooltip
    Kevin Parry via Getty Images
    Image attribution tooltip

    EssilorLuxottica posts steady revenue growth for third consecutive year

    The eyewear manufacturer benefited from a 5% revenue boost in the EMEA region as well as a strong demand for luxury frames in China.

    By Feb. 15, 2024
  • The HanesBrands headquarters in North Carolina is pictured.
    Image attribution tooltip
    Courtesy of HanesBrands
    Image attribution tooltip

    HanesBrands sees sales fall 12%

    The company is looking to build on its innerwear category, as activewear sales continue to drop by double digits.

    By Feb. 15, 2024
  • Tags on Hanes men's sleepwear items.
    Image attribution tooltip
    (Tim Boyle/Getty) via Getty Images
    Image attribution tooltip

    HanesBrands to lay off nearly 160 employees in North Carolina distribution center

    The apparel company plans to repurpose the facility as it streamlines operations.

    By Alejandra Salgado • Feb. 15, 2024
  • Caroline Brown is pictured for a professional head shot in black and white.
    Image attribution tooltip
    Courtesy of VF Corp. Business Wire
    Image attribution tooltip

    VF adds new board member, aligns with Engaged Capital

    The apparel conglomerate said it will also name another independent director in the near term as it accelerates turnaround efforts.

    By Feb. 14, 2024