Corporate/Finance: Page 40


  • A person with long brown hair and glasses sits at a drawing table wearing a black top and pants and smiling at the camera
    Image attribution tooltip
    Permission granted by NakedCashmere
    Image attribution tooltip

    NakedCashmere taps former Victoria’s Secret exec for CEO

    Patti Cazzato is stepping into the role as the company gears up for expansion after being acquired by Naga Brands and BlueSentinel last year.

    By Laurel Deppen • April 28, 2023
  • Crocs' socks line
    Image attribution tooltip
    Courtesy of Leeor Wild for Crocs
    Image attribution tooltip

    Crocs raises full-year guidance as HeyDude doubles revenue

    The company is investing in the smaller brand's growth by expanding its distribution capabilities and wholesale partners.

    By Nate Delesline III • April 28, 2023
  • A group of models wearing clothes by designer Willy Chavarria pose on steps, flanked by potted palm trees. Explore the Trendline
    Image attribution tooltip
    Thierry Chesnot via Getty Images
    Image attribution tooltip
    Trendline

    Top 5 stories from Fashion Dive

    Fashion faced its share of shakeups in the first half of 2025, but few industries are more adept at reinvention or more suited to change.

    By Fashion Dive staff
  • Mugler runway
    Image attribution tooltip
    Francois Durand via Getty Images
    Image attribution tooltip

    Mugler names Adrian Corsin managing director

    Corsin takes over from Pascal Conte-Jodra as the luxury house pursues buzzy collaborations with the likes of H&M and Wolford.

    By Natalie Schwartz • April 28, 2023
  • Exterior of a Gap store
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Gap lays off 1,800 employees amid major restructuring

    The massive downsizing is part of an effort to peel away management layers and slash expenses.

    By Daphne Howland • April 27, 2023
  • An Adidas store stands in Manhattan on October 25, 2022 in New York City.
    Image attribution tooltip
    Spencer Platt via Getty Images
    Image attribution tooltip

    Many apparel companies don’t tie sustainability goals to executive compensation, report finds

    Planet Tracker analyzed the top 30 fashion and apparel companies based on adjusted revenue to determine which were tying pay to climate goals.

    By Natalie Schwartz • April 27, 2023
  • Puma
    Image attribution tooltip
    Bryan Bedder via Getty Images
    Image attribution tooltip

    Puma Q1 sales rise 14.4% despite North American revenue dip

    The German company said growth in other areas helped offset those losses, particularly in the Greater China region.

    By Natalie Schwartz • April 26, 2023
  • Gucci store
    Image attribution tooltip
    Kevin Frayer via Getty Images
    Image attribution tooltip

    Kering posts mixed earnings, with Gucci sales rising 1%

    The luxury conglomerate brought in about $5.6 billion, with sales nearly flat as declining wholesale revenue eats up the company’s financial gains.

    By Natalie Schwartz • April 26, 2023
  • A store window, with a blue square square above that says "GAP" in white capital letters.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Gap Inc. says more layoffs to come

    The further workforce reduction comes amid a search for a permanent CEO and sales declines across all the conglomerate’s brands.

    By Daphne Howland • April 25, 2023
  • A man in a black coat blows a kiss to the crowd on a fashion runway
    Image attribution tooltip
    Francois Durand via Getty Images
    Image attribution tooltip

    Rochas creative director departs after just two years

    Charles de Vilmorin contributed four collections to the brand.

    By Laurel Deppen • April 25, 2023
  • Man in a suit stands in front of Chanel logo
    Image attribution tooltip
    Rob Loud via Getty Images
    Image attribution tooltip

    Chanel’s longtime president and COO stepping down in June

    John Galantic has been credited with modernizing the organization and driving the brand’s profitability.

    By Natalie Schwartz • April 25, 2023
  • A Vince storefront in the Melrose area of Los Angeles, California.
    Image attribution tooltip
    Cara Salpini/Fashion Dive
    Image attribution tooltip

    Authentic Brands Group strikes deal to acquire Vince’s intellectual property

    Vince Holding Corp. hopes the deal will help it strengthen its balance sheet and expand internationally.

    By Laurel Deppen • April 24, 2023
  • Valentino
    Image attribution tooltip
    Pascal Le Segretain via Getty Images
    Image attribution tooltip

    Valentino reports 10% sales increase

    The Italian luxury house has been reducing its reliance on wholesale by focusing only on certain distribution partners. 

    By Natalie Schwartz • April 24, 2023
  • A red Levi's tab sign against a bright blue sky.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    Snap’s chief marketing officer is moving to Levi’s

    Kenny Mitchell, whose marketing resume also includes stints at McDonald’s and Gatorade, will report to CEO-designate Michelle Gass.

    By Daphne Howland • April 21, 2023
  • A woman in a blue jumpsuit printed with white medallions stands in front of a black screen, and she is turned slightly towards the camera
    Image attribution tooltip
    Samir Hussein via Getty Images
    Image attribution tooltip

    Tommy Hilfiger president and chief brand officer to step down

    Avery Baker, who had been with the company for more than two decades, was in charge of products, marketing and customer experiences.

    By Laurel Deppen • April 21, 2023
  • A red brick building with an REI sign on it.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    REI swings to a loss despite record sales in 2022

    The outdoor retailer saw expenses surge as it beefed up membership benefits and increased employee pay last year.

    By Daphne Howland • April 20, 2023
  • Farfetch event
    Image attribution tooltip
    Rachel Murray via Getty Images
    Image attribution tooltip

    Farfetch taps former TikTok executive to be chief marketing officer

    Nick Tran, who is known for unorthodox ad campaigns, will join the company as it seeks to grow its luxury e-commerce platform.

    By Natalie Schwartz • April 20, 2023
  • A man in a tuxedo and a woman in a feather mask stand in front of a Dior logo.
    Image attribution tooltip
    Juan Naharro Gimenez via Getty Images
    Image attribution tooltip

    Who will lead LVMH’s fashion group division?

    The current head, Sidney Toledano, will transition to another role at the company, chairman and CEO Bernard Arnault told shareholders Thursday.

    By April 20, 2023
  • David's Bridal sign outside of a store.
    Image attribution tooltip
    Kaarin Vembar/Fashion Dive
    Image attribution tooltip

    David’s Bridal owes $27.5M to vendors as it navigates bankruptcy

    The wedding apparel retailer owes millions to the joint venture that procures the bulk of its merchandise outside North America.

    By Ben Unglesbee • April 20, 2023
  • A Mejuri and a Vuori storefront on Abbot Kinney Boulevard in California.
    Image attribution tooltip
    Cara Salpini/Fashion Dive
    Image attribution tooltip

    Vuori names 4 C-suite executives

    The new leaders will carry out activewear company’s top priorities — including establishing a legal department and shaping human resources strategy — as it continues to expand internationally.

    By Natalie Schwartz • April 18, 2023
  • David’s Bridal is prepared to liquidate if it can’t find a buyer

    Even if the retailer does stay in business under new ownership, it’s likely to shrink its fleet of nearly 300 stores.

    By Daphne Howland • April 18, 2023
  • A factory with rows of Bangladeshi garment workers behind their sewing machines working on fashion garments
    Image attribution tooltip
    Allison Joyce / Stringer via Getty Images
    Image attribution tooltip

    Labor watchdog backs calls to increase minimum wage for Bangladeshi garment workers

    The movement comes after apparel factory employees in Asian countries saw heavy pay decreases and lost work during the pandemic. 

    By Natalie Schwartz • April 17, 2023
  • A the interior of a store glows through the front windows, with a sign reading "Bonobos" in white capital letters above.
    Image attribution tooltip
    Courtesy of Express, Inc. and WHP Global
    Image attribution tooltip

    Walmart is selling Bonobos to Express, WHP Global for $75M

    The retail giant paid more than four times that much when it acquired the DTC menswear brand six years ago.

    By Daphne Howland • April 14, 2023
  • Louis Vuitton scarf
    Image attribution tooltip
    Takashi Aoyama via Getty Images
    Image attribution tooltip

    LVMH’s revenue soars 17%, though signs point to a softening US luxury market

    The luxury conglomerate attributed growth to easing coronavirus restrictions in Asia and new product releases across Louis Vuitton and Tiffany & Co.

    By Natalie Schwartz • April 14, 2023
  • online startup
    Image attribution tooltip
    Cicy via Getty Images
    Image attribution tooltip

    Investors are tightening their belts. How can fashion companies still get funding?

    Startups can still appeal to venture capital firms by finding ways to lower their customer acquisition costs and focusing on sustainability, experts said.

    By Natalie Schwartz • April 13, 2023
  • The store sign on a Vans store in New York City.
    Image attribution tooltip
    Daphne Howland/Fashion Dive
    Image attribution tooltip

    VF Corp. shakes up top leadership at Dickies, Altra and Smartwool

    The company appointed Altra’s Todd Dalhausser to helm Dickies and made other executive changes as it attempts to find its footing after its former CEO abruptly resigned in December. 

    By Natalie Schwartz • April 12, 2023