Dick’s Sporting Goods Cuts Annual Forecasts as Demand Weakens
The sports retailer cut its full-year sales and profit forecasts as a cautious consumer environment hit demand for athletic apparel and sporting goods.
leadership
Retail
Adidas CEO Rides Samba Craze to Revive Brand After Ye Debacle
Bjorn Gulden’s reliance on gut instinct has produced some successes already, but investors are wondering how far it will carry the company and whether it could create new vulnerabilities in the future.
Adidas CEO Rides Samba Craze to Revive Brand After Ye Debacle
Bjorn Gulden’s reliance on gut instinct has produced some successes already, but investors are wondering how far it will carry the company and whether it could create new vulnerabilities in the future.
Direct-to-Consumer
How to Save a DTC Brand Without Crushing Its Soul
The past year has seen a stream of last-minute rescue deals for once-hot start-ups. Acquirers of formerly distressed brands weigh in on how to improve operations and retain what made them special in the first place.
How to Save a DTC Brand Without Crushing Its Soul
The past year has seen a stream of last-minute rescue deals for once-hot start-ups. Acquirers of formerly distressed brands weigh in on how to improve operations and retain what made them special in the first place.
Retail
Nike Design Exec Tania Flynn Lands at Athleta
Flynn will be the Gap Inc.-owned activewear brand’s new head of design. She most recently served as Nike’s vice president and creative director of apparel design.
Nike Design Exec Tania Flynn Lands at Athleta
Flynn will be the Gap Inc.-owned activewear brand’s new head of design. She most recently served as Nike’s vice president and creative director of apparel design.
Luxury
Where Breitling’s CEO Is Placing His Bets
Georges Kern talks to BoF about the state of the Swiss watch sector, next steps for the Breitling brand and why brands hiking prices without product upgrades will suffer.
Where Breitling’s CEO Is Placing His Bets
Georges Kern talks to BoF about the state of the Swiss watch sector, next steps for the Breitling brand and why brands hiking prices without product upgrades will suffer.
Beauty
Unilever Prestige CEO Vasiliki Petrou to Step Down
The executive is leaving the beauty conglomerate to launch her own investment fund.
Unilever Prestige CEO Vasiliki Petrou to Step Down
The executive is leaving the beauty conglomerate to launch her own investment fund.
News & Analysis
BoF VOICES 2024 is Coming: First Speakers Announced
Designer Simon Porte Jacquemus, David Allemann of Swiss sports company On, Jens Grede of viral lingerie and loungewear brand Skims, and luxury e-commerce leaders from Moda Operandi and MyTheresa are among the global experts who will share their insights at BoF’s annual gathering for big thinkers.
BoF VOICES 2024 is Coming: First Speakers Announced
Designer Simon Porte Jacquemus, David Allemann of Swiss sports company On, Jens Grede of viral lingerie and loungewear brand Skims, and luxury e-commerce leaders from Moda Operandi and MyTheresa are among the global experts who will share their insights at BoF’s annual gathering for big thinkers.
Luxury
LVMH Lines Up Next CFO as Luxury Empire’s Succession Stakes Grow
The parent company of Louis Vuitton appointed Cecile Cabanis as deputy finance director, reporting to CFO Jean-Jacques Guiony.
LVMH Lines Up Next CFO as Luxury Empire’s Succession Stakes Grow
The parent company of Louis Vuitton appointed Cecile Cabanis as deputy finance director, reporting to CFO Jean-Jacques Guiony.
Luxury
Laurent Claquin Appointed Kering Chief Brand Officer
His appointment comes following the departure of chief communications and image officer Valérie Duport in March.
Laurent Claquin Appointed Kering Chief Brand Officer
His appointment comes following the departure of chief communications and image officer Valérie Duport in March.
Workplace & Talent
Who International Retailers Hire to Crack the US Market
Entering a new country requires a delicate balance between staying true to a brand’s DNA and adapting to local tastes. Having the right people in place from day one can often be the determining factor between success and failure.
Who International Retailers Hire to Crack the US Market
Entering a new country requires a delicate balance between staying true to a brand’s DNA and adapting to local tastes. Having the right people in place from day one can often be the determining factor between success and failure.
Retail
Gildan’s Entire Board Resigns, Handing Victory to Activist Browning West
The company, one of the world’s largest makers of affordable T-shirts and owner of the American Apparel brand, has spent months embroiled in a toxic feud over its direction and who should be in charge.
Gildan’s Entire Board Resigns, Handing Victory to Activist Browning West
The company, one of the world’s largest makers of affordable T-shirts and owner of the American Apparel brand, has spent months embroiled in a toxic feud over its direction and who should be in charge.
Luxury
Ralph Lauren Names Insider Picicci as CFO, Forecasts Dull Annual Revenue
The apparel maker’s shares, which have risen about 16 percent so far this year, were down 4.5 percent in pre-market trade after the company also forecast current-quarter revenue growth below estimates.
Ralph Lauren Names Insider Picicci as CFO, Forecasts Dull Annual Revenue
The apparel maker’s shares, which have risen about 16 percent so far this year, were down 4.5 percent in pre-market trade after the company also forecast current-quarter revenue growth below estimates.
Media
Dazed Media Names New Chief Marketing Officer
Sophie McElligott will be responsible for overseeing the business’ global expansion and marketing strategy.
Dazed Media Names New Chief Marketing Officer
Sophie McElligott will be responsible for overseeing the business’ global expansion and marketing strategy.
The News in Brief
Essilorluxottica Founder’s Son Quits Management Roles After Reported Rift With CEO
Leonardo Maria Del Vecchio is stepping down as chairman of the Ray-Ban brand and as chief strategy officer, the company said, after reports of tensions with CEO Francesco Milleri.
Avon North America Acquired By Regent, Appoints New CEO
The legacy beauty brand's US and Canada divisions will join the investment firm's portfolio, which also includes Avon International.
Shein’s Purchase of Everlane Faces US National Security Review
A review by an interagency panel led by the US Treasury Department began after the $80 million transaction was completed in May, according to the people familiar with the matter.
Shein Sets IPO Date, Targets Up to $27 Billion Valuation
The company is set to debut on the Hong Kong stock exchange on Sept. 1 and is seeking to raise as much as $1.8 billion in its long-awaited IPO, according to a filing.
Marquee Brands to Acquire Roots in Go-Private Deal
The brand management company will add the Canadian lifestyle label to a growing portfolio that includes Roberto Cavalli and BCBG.
UK Retail Sales Drop for the First Time in Three Months
Scorching weather and fewer discounts discouraged shoppers and ended a recent rebound in consumer spending as retail sales fell for the first time since April.
Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud
Christine Hunsicker, founder of the fashion-rental and technology company CaaStle Inc., was sentenced to five years in prison for defrauding investors out of $300 million.