On Tuesday, Kering warned investors its sales were down 10 percent this quarter, mostly due to a 20 percent drop at flagship label Gucci, which …
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Turnaround
Can Allbirds Survive Its Own Turnaround Plan?
Allbirds just can’t seem to land on its feet. Last week, the beleaguered direct-to-consumer brand announced co-founder Joey Zwillinger was stepping down as chief executive …
Victoria’s Secret Falls on Weak Guidance in Faltering Turnaround
Victoria’s Secret & Co. reported net sales guidance for the full year that fell short of analysts’ expectations, underscoring the retailer’s struggle to grow as …
Olaplex Embarks on Turnaround Plan After Rough 2023
After taking the helm as Olaplex’s new CEO in mid-December 2023, Amanda Baldwin shared her strategy to bring the company back to growth in its …
Ferragamo CEO Warns Turnaround May Take Longer After 2023 Sales Drop
Sales at Italian luxury goods group Salvatore Ferragamo dropped by 8.1 percent at constant currencies last year, prompting chief executive Marco Gobbetti to warn that hitting …
Adidas Gets €350 Million Yeezy Boost Amid Turnaround Push
Adidas AG made about €350 million ($374 million) in sales from Yeezy shoes in the third quarter as the company whittles down its inventory of …
Unilever’s New CEO May Need to Get Radical for a Company Turnaround
The Unilever Plc that Hein Schumacher is taking over as chief executive officer next week should be firing on all cylinders. But it’s not. Not …
Macy’s Insider Spring to Replace Turnaround CEO Gennette Next Year
Macy’s Inc chief executive officer Jeff Gennette will retire next year after four decades with the U.S. department store chain, the company said on Wednesday …
How Beauty Will Steer the Hudson’s Bay Turnaround
Hudson’s Bay president Sophia Hwang-Judiesch made a crucial decision when she took the top job at the Canada-based department store last September: she ignored the …
Superdry Hires Turnaround Specialist in Cash-Saving Push
Struggling fashion brand Superdry has hired turnaround and restructuring firm Interpath as it battles to cut costs following a series of profit warnings. In a …
Report: Trussardi Sought Creditor Protection in Turnaround Drive
Italy’s Trussardi has sought protection from creditors as it embarks on a fresh effort to turn around the embattled fashion brand, two sources close to …
The BoF Podcast: Inside Chip Bergh’s Levi’s Turnaround
LONDON, United Kingdom — “The Levi’s brand is clearly back,” Chip Bergh, chief executive of Levi Strauss & Co., tells Imran Amed. “We are having …
Have Outdoor Voices’ Turnaround Efforts Worked?
When Outdoor Voices, the activewear brand that made its name in the first wave of the direct-to-consumer revolution, went on the market this past June, …