Corporate/Finance: Page 33

  • Exterior of a DSW store.
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    "DSW" by Mike Mozart is licensed under CC BY 2.0
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    Designer Brands names DSW president

    Laura Denk, who comes to the company from Michaels, will oversee owned brands — a major focus for the shoe retailer. 

    By Kaarin Moore • July 11, 2023
  • A person sits on a brown couch, wearing a bright blue track suit.
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    Retrieved from Stateside on August 31, 2021
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    Digital Brands Group receives Nasdaq delisting warning

    The DTC company was notified it is out of compliance with a minimum share price requirement and would not receive a 180-day grace period.

    By Dani James • July 10, 2023
  • The China women's soccer team wears black suits, white shirts, and black loafers.
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    Courtesy of Prada
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    Prada will dress the China women’s national soccer team

    The Italy-based fashion house will be outfitting players and delegates with travel and formal event wear.

    By • July 10, 2023
  • A store display with a red Levi's sign includes jeans in various shades of blue, folded on shelves and hanging on racks.
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    Daphne Howland/Fashion Dive
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    Levi’s slashes guidance as lower-income consumers grow more price sensitive

    While demand for denim remains strong, financial pressures on some households led to declines in the U.S., the brand’s largest market.

    By Daphne Howland • July 7, 2023
  • Headshot in black and white of Shahzad Akhtar, a man in a suit with glasses and a beard
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    Alsara

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    Alsara Strategic Investments appoints new CEO

    Former Revlon India exec Shahzad Akhtar moves into the newly-created position ahead of the relaunch of Italian fashion line Walter Albini.

    By • July 5, 2023
  • Adidas head of HR, Amanda Rajkumar
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    Courtesy of Adidas
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    Adidas global HR chief to exit

    Amanda Rajkumar, who joined the company in 2021, is leaving next week as CEO Bjørn Gulden builds out his own team.

    By Cara Salpini • July 5, 2023
  • Avery Baker is pictured, smiling at a speaking event.
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    Samir Hussein/Getty Images for The Business of Fashion via Getty Images
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    Avery Baker steps down from Tommy Hilfiger

    Baker, previously chief brand officer and president, had been with the brand for roughly 24 years.

    By • July 5, 2023
  • Nike's first Nike Rise concept store in Guangzhou, China
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    Courtesy of Nike
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    Nike breaks $50B in revenue as it warms back up to wholesale

    CEO John Donahoe said recent shifts back into DSW and Macy’s were “simply an extension” of the retailer’s existing strategy.

    By Cara Salpini • June 30, 2023
  • An Under Armour storefront
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    Kaarin Vembar/Fashion Dive
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    Under Armour CEO overhauls C-suite

    Chief Operating Officer Colin Browne, who also served as interim CEO, is leaving the company, as is Chief Product Officer Lisa Collier.

    By Nate Delesline III • June 29, 2023
  • Flowers and Shein branding on display.
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    Shirlaine Forrest via Getty Images
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    Q&A

    Shein exec talks transparency, sustainability and the afterlife of clothing

    Peter Pernot-Day, global head of strategy and corporate affairs, says circularity is key when it comes to the company’s future.

    By • Updated July 6, 2023
  • A small hanging store sign reads "Chico's."
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    Daphne Howland/Fashion Dive
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    Chico’s announces $100M stock repurchase program

    The women’s fashion apparel retailer reported a small slide in its Q1 net sales, which fell to $534.7 million.

    By Nate Delesline III • June 27, 2023
  • Savage x Fenty store opening in Las Vegas.
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    Courtesy of Savage x Fenty
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    Savage x Fenty appoints new CEO

    The direct-to-consumer lingerie brand, founded by music star Rihanna, has been steadily expanding its store footprint.

    By Dani James • June 23, 2023
  • Shoppers walking by an Under Armour store.
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    Cara Salpini/Fashion Dive
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    Under Armour lays off 50 in corporate roles

    The cuts are across “several functions” and were made to support the company’s path to profitability.

    By Cara Salpini • June 22, 2023
  • A man in a a black shirt and pants waves with both hands to a seated crowd at the end of a fashion runway.
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    Ben A. Pruchnie via Getty Images
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    Luxury brand Christopher Kane seeks buyer: Bloomberg

    The board of the London-based brand is seeking help to refinance its debt or appoint insolvency administrators to help shutter the label.

    By • June 21, 2023
  • Bracken Darrell poses for a professional headshot in front of a blank background.
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    Courtesy of VF Corp. Business Wire
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    VF Corp. names new CEO

    Bracken Darrell was previously the CEO of computer manufacturer Logitech and was known for boosting its revenues and market share.

    By • June 20, 2023
  • A man in a suit strolls past a closed Ralph Lauren store in the evening.
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    Hollie Adams via Getty Images
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    Ralph Lauren pledges to reach net zero by 2040

    The company’s 2023 Global Citizenship & Sustainability Report, out today, outlines its social and environmental progress and goals.

    By • June 20, 2023
  • A smiling person with short hair, a light beard and a blue shirt.
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    Courtesy of Stitch Fix
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    Stitch Fix taps Macy’s digital chief as CEO

    Matt Baer oversaw initiatives like Macy’s new third-party marketplace. He got his start in retail at the family business, Baers Furniture.

    By Daphne Howland • June 15, 2023
  • Man with grey hair wears a white suit and sits at a white table holding a large white book in front of black and white lettering reading "I think positively for a better world."
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    Jacopo Raule via Getty Images
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    OTB increased its use of renewable energy sources by 41%: report

    The company’s strategy includes a commitment to renewable energy, more reliance on local suppliers and a 2023 target for net-zero internal operations.

    By • June 13, 2023
  • Man stands in front of green backdrop with black polka dots speaking into a microphone and gesturing with one arm.
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    Lia Toby via Getty Images
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    Fiorucci menswear artistic director to depart brand

    Daniel Fletcher has been with the brand since 2019, and his final collection will be released later this year.

    By • June 13, 2023
  • A woman with dark pulled back hair sits on a stage with a yellow backdrop smiling at the camera and holding a microphone.
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    Jason Mendez via Getty Images
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    Hervé Léger names Michelle Ochs creative director

    The Et Ochs designer replaces Christian Juul Nielsen, who has been with the brand since 2018.

    By • June 12, 2023
  • Neiman Marcus store in Friendship Heights, Maryland
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    Daphne Howland/Fashion Dive
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    Excess inventory at Neiman Marcus squeezes Q3 margins

    Some consumers showed wariness in the period, but the department store said its top customers, brands and stores continue to do well.

    By Daphne Howland • June 9, 2023
  • Lit-up store windows show mannequins wearing apparel, including dresses on the left and jeans and a jacket on the right. The banner name "J.Jill" is above and to each side of the door.
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    Courtesy of J. Jill
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    J. Jill refinances long-term debt, plans new POS

    After warning of potential bankruptcy in 2020, the retailer is now focused on investments to enhance its omnichannel capabilities.

    By Nate Delesline III • June 8, 2023
  • A tan swatch of mycelium leather against a teal background.
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    Courtesy of Ecovative
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    Mycelium technology company Ecovative raises over $30M

    The company plans to increase production of its Forager line of hides and flexible foams ahead of new brand partner footwear and apparel launches.

    By • Updated June 8, 2023
  • A dark brown building exterior with Sorel logo in white
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    Courtesy of Sorel / Columbia Sportswear Company
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    Sorel brand president resigns to focus on health

    Columbia Sportswear Company announced that Mark Nenow stepped down from the footwear brand after about eight years in the position.

    By Dani James • June 6, 2023
  • A magenta pullover with teal trim on the left, compared to a white fleece pullover with bright pink and blue trim.
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    Retrieved from Patagonia lawsuit v Gap Inc. filed at the U.S. District Court for the Northern District of California. on November 28, 2022
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    Patagonia and Gap settle pullover fleece design lawsuit

    Patagonia had accused Gap of deliberately copying its apparel designs and logos, saying they confused customers.

    By Nate Delesline III • June 5, 2023