Skechers logs record sales again in Q2 despite wholesale challenges

Executives pointed to strong performance of direct-to-consumer sales, particularly at retail locations.

By Laurel Deppen • July 28, 2023

Kering appoints new CFO amid modest H1 earnings

Sales at the luxury house lag behind rival firms, though a new partnership with Mayhoola may help reinvigorate the company.

By Lara Ewen • July 28, 2023

Richemont acquires controlling stake in Gianvito Rossi

The deal is not expected to have a material financial impact on Richemont’s assets or operating results for its current fiscal year.

By Laurel Deppen • July 28, 2023

Kering acquires 30% stake in Valentino

The deal includes an option for Kering to acquire 100% of the Italian luxury house by the end of 2028.

By Laurel Deppen • July 27, 2023

Fashion companies net $40B in retail sales from licenses: report

Authentic Brands Group was among the highest earners in the category.

By Laurel Deppen • July 27, 2023

Authentic Brands Group acquires Rockport out of bankruptcy

The brand conglomerate sees an opportunity to expand the footwear company's assortment into a "full lifestyle offering."

By Nate Delesline III • July 27, 2023

Prada profits jump 62% in H1

The increase was partly a result of strong retail net sales for Prada brand products and Miu Miu sales.

By Lara Ewen • July 27, 2023

Gap Inc. turns to Mattel operations chief Richard Dickson as CEO

The toy maker's longtime executive was instrumental in reinvigorating Barbie and other signature brands. Can he pull it off again?

By Daphne Howland • July 26, 2023

LVMH revenue up 15% for the first half of 2023

Its fashion and leather group reported revenue growth of 20%, although operating cash flow was halved due to real estate and operational investments.

By Lara Ewen • July 26, 2023

Adidas raises guidance after successful Yeezy drop

The first sale of leftover inventory slashed 250 million euros from its projected operating loss, and further drops could help even more.

By Cara Salpini • July 25, 2023

Luxury house Julien Macdonald goes into liquidation

The Welsh fashion brand has worked with Chanel, Givenchy and British Airways, but the pandemic led to unrecoverable losses.

By Lara Ewen • July 25, 2023

AG Jeans taps fashion industry veteran for new CEO role

Glenn McMahon will be the California-based company’s first CEO in its 20-plus year history and will report to AG owner and founder Yul Ku.

By Lara Ewen • July 24, 2023

Yeezy was only part of Adidas’ problems. The athleticwear brand has been falling further behind Nike for years.

Since 2013, Adidas’ net sales have grown by less than $5 billion as it struggles to keep pace with the broader market. Could a new CEO and a clean slate reverse those trends?

By Cara Salpini • July 24, 2023

True Religion’s new chief marketing officer will lead the brand’s digital pivot

Kristen D’Arcy, formerly of Pacsun and American Eagle Outfitters, said she expects e-commerce to represent 50% of the brand’s revenue in a few years.

By Lara Ewen • July 19, 2023

Gucci president and CEO Marco Bizzarri steps down

Jean-François Palus, Kering Group’s managing director, has been appointed to the role for a transitional period.

By Lara Ewen • July 18, 2023

Express chief merchandising officer exits

Malissa Akay has left the apparel retailer effective immediately, according to a Friday regulatory filing.

By Nate Delesline III • July 18, 2023

Tom Ford Fashion appoints new CEO

Lelio Gavazza was tapped to take on the newly-created role and will report directly to Ermenegildo Zegna, chairman and CEO of Zegna Group.  

By Lara Ewen • July 18, 2023

Richemont sales up 14%, with Asia leading the rebound

Shares fell after news that sales in the Americas dropped 2% as a result of weak wholesale and retail numbers.

By Lara Ewen • July 17, 2023

David’s Bridal reportedly will keep nearly 200 stores open under new ownership

The chain has been seeking a buyer since before its April bankruptcy filing. An offer from Cion Investment Corp was approved.

By Daphne Howland • July 17, 2023

Designers sue Shein for copyright infringement under racketeering laws

The RICO statute could help plaintiffs wrestle with the e-commerce giant’s unusual corporate structure and production strategy, experts say. 

By Daphne Howland • July 14, 2023

Rag & Bone co-founder Marcus Wainwright steps down

Creative duties will be handed over to Jennie McCormick for womenswear, footwear and accessories, with Kyle Sweeney leading menswear and merchandising.

By Lara Ewen • July 14, 2023

Traceability firm Oritain raises $57M

The Series C funding round is expected to help the forensic data science company expand its market and category reach.

By Lara Ewen • July 12, 2023

Hanesbrands promotes interim CFO to permanent seat

Scott Lewis, a 17-year company veteran, has been at the financial helm of Hanesbrands on an interim basis since the former CFO Michael Dastugue stepped down for family reasons in January.

By Elizabeth Flood • July 11, 2023

Guess to increase its repair, resell and upcycle partnerships by 2025

The company’s recent ESG report also outlines new emissions targets, recycled packaging goals and expanded programs for employee wellness and diversity.

By Lara Ewen • July 11, 2023

PVH Corp. lays off additional staff

The latest round of cuts is part of the Tommy Hilfiger parent company's plan to achieve $100 million in annual savings.

By Laurel Deppen • Updated July 17, 2023