Executive Management news and archive

Under Armour hires former Estée Lauder executive director to spearhead AI & Analytics division

Sportswear giant Under Armour, Inc. has hired Liz Bacelar, the former executive director of global tech innovation at Estee Lauder, to head its new artificial intelligence and advanced analytics division. In her new role at Under Armour, Bacelar has been tasked with building a team of data scientists, engineers and AI specialists to integrate...

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Woolrich to boost reach outside of Europe with Baoxiniao

Woolrich International, known as the original American outdoor brand, has welcomed a new investor to boost its international footprint, with Chinese apparel group Baoxiniao Holding Co. Ltd. acquiring the intellectual property rights of the Woolrich brand for all territories outside Europe. Baoxiniao, which owns several apparel brands, including...

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Violette_FR secures Series B funding to fuel expansion

Clean beauty brand Violette_FR, known for its skincare and cosmetics, has completed a Series B funding round led by New York-based emerging growth equity firm Silas Capital to drive its next phase of growth with a focus on global expansion, product innovation, and digital enhancement. The funding round was also supported by Paris-based...

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Macy's cuts full year earnings forecast

Confirming no material impact on its financial results after completion of delivery expense related investigation, Macy’s reported GAAP diluted earnings per share of 10 cents and adjusted diluted earnings per share of 4 cents for the third quarter. Macy’s now projects full year net sales to be in the range of 22.3 billion dollars to 22.5 billion...

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J.Jill posts positive Q3, announces CEO Claire Spofford to retire next year

J.Jill reported third quarter net sales increased 0.3 percent to 151.3 million dollars, while comparable sales, which includes comparable store and direct to consumer sales, decreased by 0.8 percent, negatively impacted by approximately 50 basis points due to hurricane-related disruptions in the quarter. The company also announced that Claire...

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Thélios announces leadership changes in Americas

Thélios, the eyewear division of LVMH Group, has shuffled its C-suite in the Americas region and proprietary brand Barton Perreira, promoting Luca Guillot Boschetti to head of Thélios Americas and naming Cedric Moreau as chief executive officer of Barton Perreira. In a statement, Thélios said the strategic appointments are designed to “further...

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Truss secures investment from FIGR Ventures

UK-based resale fashion tech start-up Truss, which is looking to revolutionise the fashion industry by powering resale with AI-enabled data infrastructure, has secured 300,000 pounds in investment from FIGR Ventures. In a statement, Truss said with the new 300,000-pound capital it has also secured critical match-funding to activate a 1.1 million...

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Movopack secures funding to launch circular e-commerce packaging in the UK

Movopack, the Italian-based company providing e-commerce platforms with circular and sustainable packaging, has raised a 2-million-pound seed funding round to support its official launch in the UK. The funding round was led by early-stage investor 360 Capital, with participation from Greiner Innoventures and Techstars, and will be used to “...

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Dr Martens swings to loss for half year, new CEO start date confirmed

Footwear specialist Dr Martens has swung into the red as its revenue for the half year plunged deeper. For the 26 weeks ended 29 September 2024, revenue dropped 18 percent on actual exchange rates, amounting to 324.6 million pounds. Adjust EBIT, meanwhile, fell into a loss of 4.3 million pounds compared to a profit of 39.7 million pounds in the...

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McArthurGlen reports “record-breaking” sales in 2024

McArthurGlen Group, Europe’s leader in designer outlet retailing, has reported record-breaking sales in 2024, with a turnover growth of 7 percent year-to-date. In a statement, McArthurGlen, which operates 24 centres across Europe and Canada, said the 7 percent increase in turnover built upon the previous year’s double-digit growth was driven by...

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Urban Outfitters registers strong growth in Q3 sales and earnings

Urban Outfitters announced third quarter net income of 102.9 million dollars and earnings per diluted share of 1.10 dollars. For the nine months, net income was 282.2 million dollars and earnings per diluted share were 2.99 dollars. The company’s net sales for the quarter increased 6.3 percent to 1.36 billion dollars. “We are pleased to announce...

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Guess reports Q3 loss, forecasts earnings below analysts' estimate

For the third quarter, Guess recorded a GAAP net loss of 23.4 million dollars and GAAP diluted net loss per share of 47 cents. Adjusted net earnings were 17.7 million dollars, down 35 percent, while adjusted diluted EPS decreased 31 percent to 34 cents. Net revenue for the quarter increased 13 percent to 738.5 million dollars. In constant...