Corporate/Finance: Page 30

  • Exterior shot of a Birkenstock store.
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    Courtesy of Birkenstock
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    Birkenstock files for IPO as it eyes global growth

    Private equity firm L Catterton will control a majority of voting power on outstanding shares.

    By Dani James • Sept. 13, 2023
  • A building seen at an angle, with a leafy tree visible on the right.
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    Daphne Howland/Fashion Dive
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    Macy’s taps international department store veteran as Bloomingdale’s CEO

    Olivier Bron, with stints at Central and Robinson Department Stores in Thailand and Galeries Lafayette in Paris, replaces longtime chief Tony Spring.

    By Daphne Howland • Sept. 12, 2023
  • https://www.gettyimages.com/detail/news-photo/new-timberland-store-is-seen-at-the-junction-square-mall-news-photo/487141507?adppopup=true
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    Paula Bronstein/Getty Images via Getty Images
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    VFC must pay up to $730M in taxes related to Timberland legal dispute

    A federal judge sided with the IRS over the timeline of its required payments.

    By • Sept. 12, 2023
  • A woman, Sarah Burton, stands in jeans and a white top at the end of an Alexander McQueen runway and waves to the crowd.
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    Pascal Le Segretain via Getty Images
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    Sarah Burton to exit as creative director of Alexander McQueen

    The Kering-owned fashion brand said the spring-summer 2024 collection, to be shown during Paris Fashion Week in September, will be Burton’s last for the house.

    By • Sept. 11, 2023
  • The Nike swoosh logo is pictured up close.
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    Drew Angerer/Getty Images via Getty Images
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    Investors call for Nike to pay $2.2M in owed wages to supply chain workers

    Ahead of the sportswear giant’s annual meeting this week, investors are asking the company to avoid similar cases in the future.

    By • Sept. 11, 2023
  • The entrance to a store with the word "Express" repeated above each glass door.
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    Daphne Howland/Fashion Dive
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    Express CEO Tim Baxter resigns

    Stewart Glendinning, who comes to the retailer from Tyson Foods, has been appointed to the chief executive role. 

    By Kaarin Moore • Sept. 8, 2023
  • A HanesBrands store display is pictured, including paper bags, footballs and t-shirts, all with the Hanes logo.
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    Riccardo Savi/Getty Images for Hanes via Getty Images
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    G-III and Hanes strike licensing deal for Champion

    G-III announced the deal along with its second quarter earnings, which beat previous estimates.

    By • Sept. 7, 2023
  • With tree branches and brick buildings to the left, a sign reading "UpWest" juts out from a building.
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    Daphne Howland/Fashion Dive
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    Express Inc. leans on cost cuts as sales, profits plummet

    The apparel conglomerate is facing consumer demand for promotional pricing and has had to correct some fashion misses at its namesake.

    By Daphne Howland • Sept. 6, 2023
  • A Tommy Hilfiger store is pictured, featuring mannequins wearing clothing and shelves stocked with shirts.
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    John Sciulli/Getty Images for Tommy Hilfiger via Getty Images
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    Tommy Hilfiger hires Virginia Ritchie as chief marketing officer

    She has been with the PVH Corp.-owned brand for more than 12 years, most recently as interim CMO.

    By • Sept. 6, 2023
  • A red sign with a white logo and the words "under armour" in white capital letters hangs from an iron post.
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    Daphne Howland/Fashion Dive
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    Under Armour taps John Varvatos as chief design officer

    The fashion designer has already been working with the struggling athletic apparel brand for some time this year.

    By Daphne Howland • Sept. 5, 2023
  • A G-Star Raw store is pictured, including a reception desk which showcases pairs of jeans above it. Customers walk around the desk.
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    Theo Wargo/Getty Images for G-Star RAW via Getty Images
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    WHP Global will acquire majority interest in G-Star Raw

    The denim brand’s CEO will continue to operate its wholesale, retail and e-commerce distribution from its Amsterdam headquarters.

    By • Sept. 5, 2023
  • Exterior view of the greenery outside Wolverine Worldwide corporate headquarters in Rockford, Michigan.
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    Retrieved from Wolverine Worldwide on September 01, 2023
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    Wolverine sells U.S. leathers business to New Balance

    The company also announced a deal to sell Hush Puppies intellectual property in China, Hong Kong and Macau.

    By • Sept. 1, 2023
  • A person in a ballcap and green jacket walks toward the camera.
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    Marc Piasecki via Getty Images
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    Tremaine Emory exits Supreme, alleges systemic racism

    In a series of Instagram posts, he discussed resigning as creative director and the brand’s cancellation of a collaboration with Arthur Jafa.

    By • Sept. 1, 2023
  • Alessio Vannetti is pictured in black and white, standing in a forest.
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    Courtesy of Gucci
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    Gucci rehires Alessio Vannetti as chief brand officer

    He returns to the luxury brand after a three-year stint at Valentino.

    By • Sept. 1, 2023
  • External storefront of a Lands' End.
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    Courtesy of Lands' End
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    Lands’ End revenue down 7.9% in Q2 as e-commerce falters

    The company's defunct business in Japan and soft European e-commerce hampered its financial performance.

    By • Updated Aug. 31, 2023
  • Mannequins in lingerie are part of the sales floor displays at Victoria's Secret in New York City
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    Permission granted by Victoria's Secret & Co.
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    Victoria’s Secret posts Q2 sales decline amid turnaround efforts

    While the retailer reported progress on its strategic initiatives, analysts question whether its actions are working.

    By Kaarin Moore • Aug. 31, 2023
  • The inside of a Calvin Klein retail store is pictured, showing racks of clothing in primarily neutral colors.
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    Lintao Zhang/Getty Images for Calvin Klein via Getty Images
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    PVH reports $2.2B in Q2, but faces wholesale pressure

    While the company saw an overall revenue increase of 4%, its North American Calvin Klein business experienced a decline.

    By • Aug. 30, 2023
  • People walking down the street, past an apparel store.
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    Andrew Burton / Staff via Getty Images
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    Ann Taylor, Loft, Talbots form new KnitWell Group

    Owner Sycamore Partners acquired Talbots over a decade ago and the other KnitWell brands during Ascena's 2020 bankruptcy.

    By Daphne Howland • Aug. 30, 2023
  • Paris Lanvin window display as Part of the World Fashion Window Displays on February 20, 2015 in Paris, France.
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    Kay-Paris Fernandes via Getty Images
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    Lanvin revenue up 6.4% in the first half of the year

    Strong growth in China was tempered by a dip at the company’s namesake brand, which has been going through a creative restructuring.

    By • Aug. 30, 2023
  • A person in a large white top, polka dot tights, and black Brian Atwood scrunch booties walks away from the camera looking back toward it.
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    Courtesy of Brian Atwood for Express
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    Express names Brian Atwood creative director of footwear

    The luxury shoe designer will be responsible for women's and statement men's lines, as well as his own imprint.

    By • Aug. 29, 2023
  • A brick storefront with a DSW sign on it.
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    Courtesy of DSW
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    Designer Brands President Bill Jordan to exit

    Jordan has been with the company in various roles for nearly 18 years and plans to exit by the beginning of December.

    By Cara Salpini • Aug. 29, 2023
  • A person is shown wearing boots with the Hunter logo on the back.
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    Courtesy of Authentic Brands Group
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    Authentic lands partnership for Hunter Boots in China, Southeast Asia

    Under the deal, Baozun Inc. acquires a 51% equity interest in the heritage boot brand’s intellectual property across the regions.

    By • Aug. 28, 2023
  • Gap store in San Francisco, Flood Building.
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    Daphne Howland/Fashion Dive
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    New Gap Inc. CEO: ‘We need to make these brands matter more’

    Further declines in Q2 greeted former Mattel executive Richard Dickson as he took the helm at the apparel conglomerate.

    By Daphne Howland • Aug. 28, 2023
  • Display of horseshoe logo on the back pocket of a pile of True Religion jeans and baseball caps.
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    Becky Sapp via Getty Images
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    True Religion gets financial support to fund future operations

    The denim brand will use the new term loan and revolving credit to refinance its existing debt and support its long-term business plans.

    By • Aug. 23, 2023
  • An Urban Outfitters storefront is pictured while a large amount of shoppers walk on the sidewalk in front of it.
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    Dan Dennison/Getty Images via Getty Images
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    Urban Outfitters logs record sales again despite trouble from its namesake brand

    The UO brand saw a 14% drop in sales while Anthropologie and Free People saw double-digit growth.

    By • Aug. 23, 2023