Companies
Creative leadership change at LVMH-backed Celine
After seven years as creative director of Céline, Hedi Slimane has left the brand, marking the latest high-profile departure from a fashion label. LVMH has already named Michael Rider as Slimane's successor
Authentic closes Champion acquisition deal
Authentic Brands Group (ABG) has announced that it has completed the acquisition of the athleticwear brand Champion, the second-largest acquisition in the company’s history
Puma appoints new Chief Financial Officer
The German-based sportswear company has appointed Markus Neubrand as its Chief Financial Officer (CFO) and a member of the Management Board. Most recently, he was CFO at Guess
Geox shuts down its New York office as part of a strategic review
The Italian-based footwear brand has confirmed the closure of its NYC office, signalling a shift in its US business strategy after a 13.7% fall in North American revenue in the first half of 2024
Tod’s Group appoints John Galantic as its new Chief Executive Officer
The Italian-based luxury group has appointed John Galantic, former Chanel's senior executive, as its new Chief Executive Officer. This decision follows the privatisation agreement in June
H&M reports weak third quarter
The Sweden-based fashion group has reported a “slow” third quarter, as sales remained flat and costs hit profits, resulting in a drop in its full year operating profit margin outlook
Crocs launches clog made with 25% recycled content from old shoes
Crocs continues to invest in circularity. Most recently, the company launched its Keep It Going Classic clog, which is made from 25% recycled material from old shoes collected through its take-back programme
Burberry struggles amid downgrade from FTSE 100
The UK-based luxury group lost its spot in the FTSE 100, leading to its lowest market value in 15 years. Analysts express concerns over the brand's status amid declining sales and leadership changes
Gero Mure files for bankruptcy
The German shoe chain Gero Mure has filed for bankruptcy as rising costs, online competition and prolonged effects of the COVID-19 pandemic take their toll on the footwear sector
Nike veteran Elliot Hill succeeds John Donahoe at the company’s helm
Amid a broader restructuring, the US sportswear giant has announced that CEO John Donahoe is stepping down from his position and will be succeeded by former senior executive Elliot Hill
Deichmann explores footwear deal as Esprit faces bankruptcy
The Germany-based shoe retailer Deichmann is interested in the footwear brand rights of the recently insolvent Esprit. The two companies have been collaborating since 2019
Ecco appoints Marc Martin as Head of Wholesale for Central Europe
The Danish footwear and leather group Ecco hired Marc Martin to oversee its wholesale business in Germany, Austria, Switzerland and the Netherlands
Caleres reports lower net sales amid operational challenges
The US-based group maintained a strong gross margin of 45.5%, driven by the Brand Portfolio segment, as reporting challenges and weak seasonal demand affected the company’s guidance
Designer Brands posts decline in sales and gross profit in the second quarter
The US-based company faces a challenging environment with shrinking gross margins and rising debt. As net sales fell in the second quarter, Designer Brands reported a weaker outlook for 2024
Asos agrees on strategic joint venture for Topshop and Topman
The UK-based group Asos has agreed to sell a majority stake in Topshop and Topman to Heartland. This move will allow the company to strengthen its balance sheet while retaining a stake in the growth potential of the two brands-
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