Corporate/Finance
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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 Lara Ewen • May 21, 2024 -
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 Laurel Deppen • May 20, 2024 -
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 -
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 -
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 Lara Ewen • May 20, 2024 -
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 Laurel Deppen • May 17, 2024 -
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 Lara Ewen • May 16, 2024 -
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 Lara Ewen • May 15, 2024 -
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 Laurel Deppen • May 15, 2024 -
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 Lara Ewen • May 14, 2024 -
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 -
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 Lara Ewen • May 13, 2024 -
Aeffe revenue down 14% in Q1
The company is repositioning its Moschino brand following the January appointment of creative director Adrian Appiolaza.
By Lara Ewen • 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 -
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 Lara Ewen • May 9, 2024 -
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 Laurel Deppen • May 9, 2024 -
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 -
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 -
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 Laurel Deppen • May 8, 2024 -
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 Laurel Deppen • May 7, 2024 -
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 Laurel Deppen • May 6, 2024 -
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 Lara Ewen • May 6, 2024 -
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 Lara Ewen • May 3, 2024 -
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 -
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 -
Kontoor sees Q1 revenue fall, updates outlook
Despite the decline, the Wrangler and Lee parent company said the results were stronger than expected.
By Laurel Deppen • May 2, 2024