Corporate/Finance


  • A person with long brown hair stands wearing a white jumpsuit surrounded by models posing in colorful clothing.
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    Mara Hoffman puts namesake brand on hold

    The 2023 CFDA Environmental Sustainability award-winner cited challenges with creating eco-friendly fashion.

    By May 21, 2024
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    Courtesy of Gildan
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    Browning West nominees to Gildan board boosted by pair of proxy advisory firms

    ISS and Glass Lewis have added their support to a months-long battle that began when the activewear company fired its former CEO.

    By May 20, 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
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    Aurelien Meunier via Getty Images
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    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
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    Courtesy of Canada Goose
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    Canada Goose yanks long-term targets, names creative director

    The brand has slowed its store expansion and paused its five-year plan to focus on “doing fewer things really, really well,” CEO Dani Reiss said Thursday.

    By Daphne Howland • May 20, 2024
  • People standing in the dark in front of a Van Cleef & Arpels store that has large stylized ads of jewelry displayed.
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    Feng Li via Getty Images
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    Richemont names new CEO, posts record revenue

    Nicolas Bos moves into the role from Van Cleef & Arpels as the luxury house’s full year sales rise following a Q4 decline.

    By May 20, 2024
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    Vanni Bassetti/Getty Images via Getty Images
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    Coach scraps its copyright infringement lawsuit against Gap

    The complaint, filed last month, focused on the use of the word “coach” on Old Navy T-shirts.

    By May 17, 2024
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    Arturo Holmes via Getty Images
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    Polo Ralph Lauren creative director stepping down

    Michael Rider has been with the brand since 2018, and previously worked as ready-to-wear design director at LVMH-owned Céline under Phoebe Philo.

    By May 16, 2024
  • A model with blonde shoulder-length hair wears a navy coat and walks on a runway as other models follow. Spectators watch in the dark on the side.
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    Joe Maher via Getty Images
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    Burberry profits fall by more than a third in 2023

    The London-based luxury house had an especially challenging fourth quarter with overall revenue for the year falling 4%.

    By May 15, 2024
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    Stock via Getty Images
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    Q&A

    Regulations could improve ESG in fashion, but Worldly exec says it’s not enough

    James Schaffer said recent mandates that require companies to disclose financial and environmental risks are a bellwether of the industry’s future.

    By May 15, 2024
  • On a gray runway, a model in a navy miniskirt and suit jacket wears sunglasses and carries a yellow clutch as other models follow behind. A crowd watches from the sides.
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    Slaven Vlasic via Getty Images
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    Tory Burch gets a new North America president

    Former Clarins executive Christophe de Pous will join two additional leadership hires as the company expands its global presence.

    By May 14, 2024
  • Exterior of an Allbirds store in Washington, D.C.'s Georgetown neighborhood
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    Caroline Jansen/Fashion Dive
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    Allbirds revenue plummets 28% in Q1 as CEO says the brand is ‘executing with urgency’

    Joe Vernachio said the retailer shuttered three stores in the quarter and is on track with its planned closures, which will amount to 10 to 15 this year.

    By Cara Salpini • May 13, 2024
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    Vittorio Zunino Celotto via Getty Images
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    Salvatore Ferragamo revenue drops more than 18%

    The decline was attributed to poor DTC performance in China and Korea as well as weak global wholesale.

    By May 13, 2024
  • A model wearing a black spiked headdress, jeweled gloves and a full-skirted lavender dress walks down a darkened runway.
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    Vittorio Zunino Celotto via Getty Images
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    Aeffe revenue down 14% in Q1

    The company is repositioning its Moschino brand following the January appointment of creative director Adrian Appiolaza.

    By May 10, 2024
  • Gap names new global CMO amid push to revitalize brand

    Fabiola Torres joins the retailer from PepsiCo and was lauded for her ability to connect with globally diverse consumers.

    By Peter Adams • May 10, 2024
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    Arturo Holmes via Getty Images
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    Tapestry Q3 sales down as smaller brands continue to struggle

    Against the backdrop of an FTC lawsuit, Coach sales were flat, and Kate Spade and Stuart Weitzman continued to decline.

    By May 9, 2024
  • An aerial view of the HanesBrands headquarters building in North Carolina.
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    Courtesy of HanesBrands
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    Champion remains a drag on HanesBrands’ earnings

    Global sales for the activewear brand fell 26% in the first quarter, as the company considers selling it off.

    By May 9, 2024
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    Carl Court via Getty Images
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    EU adopts CSRD reporting delay, gives non-EU companies until 2026 to comply

    Exempted companies will now have more time to focus on the implementation of broader sustainability reporting requirements before they start observing sector-specific standards.

    By Zoya Mirza • May 9, 2024
  • Person wearing HeyDude shoes stands on the grass.
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    Courtesy of HeyDude X Foot Locker
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    Heydude still a drag on Crocs in Q1

    Former Ulta exec Susan Healey has been appointed chief financial officer, replacing Anne Mehlman, now Crocs brand chief.

    By Daphne Howland • May 8, 2024
  • Two mannequins are seen on display in a Sweaty Betty store window.
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    Ben Pruchnie/Getty Images via Getty Images
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    Wolverine World Wide names new CFO, reports 34% revenue decline

    Despite the revenue dip, the Merrell owner said results were better than expected as it continues restructuring plan.

    By May 8, 2024
  • Colin Browne is seen in a professional headshot.
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    Courtesy of Cascale
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    Cascale’s new CEO is approaching the role as a mission

    Colin Browne, most recently of Under Armour, was appointed shortly after the nonprofit coalition's rebrand.

    By May 7, 2024
  • A closeup of a person's shoes, black Adidas sneakers.
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    Pablo Cuadra/Getty Images via Getty Images
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    Adidas’ request for new trial in Thom Browne stripes lawsuit denied

    The athleticwear company and the Zegna-owned brand have been involved in various legal disputes since 2021.

    By May 6, 2024
  • A view of a hologram of model Gisele Bündchen in from of the London Bridge.
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    Dan Kitwood via Getty Images
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    Hugo Boss momentum slows following record growth

    The company's sales were up in the first quarter but have stalled considerably since last year.

    By May 6, 2024
  • A model on a fashion runway holds a large, colorful patchwork back with a round handle.
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    Pietro S. D'Aprano via Getty Images
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    Stefano Rosso named Marni CEO

    The executive will retain his position as chairman of Maison Margiela, board member of the OTB Group and CEO of Brave Virtual Xperience.

    By May 3, 2024
  • The interior of a store features mannequins to the left, a rack of clothes in the middle, a large plant to the right, and furniture in the middle.
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    Courtesy of Gap Inc.
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    Banana Republic’s CEO is out

    Sandra Stangl arrived in 2020 and oversaw the addition of home goods, her forte, at a tough time for the category.

    By Daphne Howland • May 3, 2024
  • An image of the Cotopaxi logo, taken inside the San Francisco, California retail store on April 29, 2024.
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    Edwin Lopez/Fashion Dive
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    How Cotopaxi navigated remediation of a tier 1 supplier

    The outdoor apparel and accessories brand chose remediation over removal to avoid exacerbating negative worker impacts, an executive said.

    By S.L. Fuller • May 2, 2024
  • Several pairs of Wrangler jeans are folded in half and placed next to each other.
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    Courtesy of Wrangler
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    Kontoor sees Q1 revenue fall, updates outlook

    Despite the decline, the Wrangler and Lee parent company said the results were stronger than expected.

    By May 2, 2024