MILAN — Despite the challenging macro environment, Salvatore Ferragamo’s CEO and general manager Marco Gobbetti expressed his satisfaction with the “excellent progress on our strategic priorities and on building the foundational elements to accelerate our growth.” Case in point, Gobbetti can already tick off one box — his expectation, voiced in May, to start upscaling the brand’s […]
LONDON — Alexander Wang has sold minority stakes to two Chinese investors: fashion conglomerate Youngor Group, and venture capital firm Challenjers Capital. The financial terms of the deals were not disclosed. The American Chinese designer, who staged his last show in the Chinatown section of Los Angeles, Calif., said Monday the investment is “an important […]
The D’Amelio family is getting into the brand-building business. The family, which includes social media starlet sister duo Dixie and Charli as well as parents Marc and Heidi, on Tuesday announced the launch of D’Amelio Brands. The venture today announces $6 million in seed funding from a group of investors including Fanatics Inc. CEO Michael […]
Kurt Geiger has launched the “Kindness Foundation,” a new charity dedicated to giving young people the resources needed to enter creative industries. Unveiled today at an event at The Conduit in London, the British footwear and accessories company said in a statement that the charity’s primary aim is to make creative roles more accessible for […]
Rupert Campbell is only a few months on the job as Adidas’ North American president. But he already has big ideas about how to incubate a strong culture at the organization. “I want everybody to feel invested in this brand,” Campbell said. This includes the top North American executive himself, who takes time every month […]
FN rounds up all the store openings, closings and redesigns happening this month, from throughout the footwear industry. Send your retail news to [email protected]. Sept. 1, 2022: Pangaia has opened the brand’s first physical experience in Los Angeles at The Grove. The launch of this pop-up aligns with a huge milestone for the company as Pangaia […]
For over two decades, Zappos has been a go-to online destination for shoppers to find fashion sandals, boots and sneakers. But in the past few years it has been quietly cultivating a different customer set through its Zappos at Work (ZAW) program. Launched in 2018, ZAW is a business-to-business platform that partners with major corporations […]
The U.S. economy added 315,000 jobs in August, just below estimates of 318,000. This number represents a dip from July, which saw 526,000 jobs added, according to a newly revised figure from the Bureau of Labor Statistics on Friday The unemployment rate rose to 3.7% from last month’s 3.5%. Notable job gains were present across professional and business […]
While the 2022 US Open could be the last time Serena Williams hits the court in a Grand Slam, her impact on the sport is far from over. Throughout her more than 30-year career, Williams has used her platform to break barriers for female athletes. And with help from Nike, that’s only going to continue. For […]
Lululemon isn’t just about leggings anymore. The company has a goal to hit $12.5 billion in net revenue by 2026. And creating new products is a key part of getting there. The Vancouver, British Columbia-based athleisure brand on Thursday announced better-than-expected results for the second quarter, with net revenues up 29% to $1.9 billion. In a […]