LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Kevin Plank
Under Armour Faces Potential Investigation by the US Securities Exchange Commission
The sportswear brand said the notice is in connection to a federal probe about whether it shifted sales from quarter to quarter to meet objectives.
What to Do After the Founder Leaves
Brands must make the right moves to ensure that when their founders leave, the magic doesn't go with them.
Under Armour Forecasts Surprise Fall in 2020 Sales
The sportswear brand said the coronavirus outbreak in China would have a $50 million impact on first-quarter sales.
Was #MeToo Just a Trend for Fashion?
Reactions to public claims of sexual misconduct within fashion have shifted dramatically over the past decade, but critics question how much the industry has really changed. As part of our series reflecting on the 2010s, BoF takes stock.
Op-Ed | The Retail Apocalypse Confronts a New Crop of CEOs
Here are predictions for how some of the more high-profile episodes of C-suite musical chairs will play out.
Under Armour Faces Federal Probe Over Accounting Practices
The sportswear company confirmed on Sunday that it is assisting a federal investigation into claims it had shifted sales from quarter to quarter dating back to 2017.
A Changing of the Guard at Nike and Under Armour
The CEOs of two of the world's biggest athletic brands announced on the same day that they would step aside. BoF examines what their successors will need to do to keep up momentum.
Power Moves | Tommy Hilfiger Names CMO, Refinery29 Hires Fashion and Culture Lead
This week, Tommy Hilfiger hires its new CMO from Hollister, while Refinery29 taps Nylon’s former editor-in-chief for a newly created role.
Nike CEO Mark Parker to Step Down
John Donahoe, a Nike board member, will resume the top job in 2020.
Louis Vuitton Faces Boycott Threat After Trump Visits Factory
Grab Your Wallet, a group that asks shoppers to boycott businesses with ties to Donald Trump’s family and administration, is adding Louis Vuitton and other LVMH brands to its list.
Under Armour Now Makes Spacesuits. Is That Good Business?
The US-based sportswear brand has partnered with Virgin Group on a new collection of spacesuits.
Under Armour Tops Profit Estimates After Decluttering Spree
Shrinking inventory by cutting underperforming products has been key to the sportswear brand's restructuring efforts.
Company Snapshot
The US entrepreneur has built one of the world's most successful sportswear companies, which surpassed $1 billion in annual revenue in 15 years.
The News in Brief
Zara Re-Enters Venezuelan Market
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
EU Hits Fast-Fashion Giant Shein With New Digital Rules
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.