Virtua

Fear of God has appointed former JACQUEMUS boss Bastien DAGUZAN as Chief Executive Officer. With the appointment of Daguzan, Fear of God aims to move up a gear, focusing on its international expansion, online sales experience and growing brand awareness. In the space of a decade, the label has grown, offering its vision of a cool, sophisticated America through high-quality streetwear and sportswear. In particular, it has expanded its offering with the ‘Essentials’ line of basics and by successfully entering the footwear segment. Read full article: https://lnkd.in/e8RAJPSB

G-III Apparel Group has reported results for the second quarter of fiscal 2025 ended July 31, 2024. Net sales for the second quarter ended July 31, 2024 decreased 2% to $644.8 million compared to $659.8 million in the prior year’s second quarter. Net income for the second quarter was $24.2 million, or $0.53 per diluted share, compared to $16.4 million, or $0.35 per diluted share, in the prior year’s second quarter. Morris Goldfarb, G-III’s Chairman and Chief Executive Officer, said, “We delivered a strong first half of the year." "DKNY and Karl Lagerfeld collectively grew double-digits and the Donna Karan relaunch has been incredibly successful, in addition to continued solid performance with healthy sell-throughs across the rest of our business.” G-III signed a license agreement for Converse, to design and produce men’s and women’s apparel for distribution globally. The product is expected to launch in Fall 2025. Read full press release: https://lnkd.in/egNNtiVd

PVH Corp. has announced the appointment of Fredrik Olsson as CEO of PVH EMEA. Olsson will join the company in Q4 2024 and report into Stefan Larsson, CEO of PVH Corp. Olsson joins PVH after serving as CEO of Max Fashion MENA & SEA, one of the leading fashion retailers in the Middle East, headquartered in Dubai. During his tenure, he successfully enhanced the brand's performance, driving significant revenue and margin growth. Larsson said, “Fredrik is a unique leader in our sector with a high-performance track record of driving consistent, profitable, brand-accretive growth across multiple markets globally, leading through a very strong people and partnership focus." Olsson said, “I am thrilled to be joining PVH during this pivotal time, as the company continues to make important progress on its long-term, brand-building growth strategy, the PVH+ Plan. I’ve always admired Calvin Klein and Tommy Hilfiger, and the strong European business they have built. I’m looking forward to working with the entire EMEA team and our key partners to unlock the region’s next growth chapter.” Read full press release: https://lnkd.in/ekCMAEpD

Gymshark has announced the appointment of Sian Keane as its new Chief People Officer. Keane is set to join Gymshark on September 9, after an 11-year tenure at FARFETCH, where she spent the last six years as Chief People Officer. During her time at Farfetch, she played a pivotal role in scaling the company from a workforce of 100 to over 7,000 employees worldwide and successfully integrated ten acquisitions under her leadership. In her new role, Keane will lead the people strategy, driving Gymshark's transformation into a global omnichannel business. Her focus will be on attracting, developing, and retaining top-tier talent to support the brand's "next critical stage of growth." Keane will report to founder and chief executive officer Ben Francis. Commenting on the appointment, Francis, said in a statement: “It was evident from the first minute of meeting Sian that she shared this belief. When you couple that with her track record, approach and values, she is the perfect person to lead this charge and play a huge role in taking Gymshark to the next level. I can’t wait to see what she’s going to bring.” Read full article: https://lnkd.in/e6EJ_HJk

ASOS.com has sold a 75% stake in the TOPSHOP TOPMAN brands through a new joint venture with @Heartland A/S, the investment and holding company representing the interests of BESTSELLER owner and ASOS shareholder, Anders Holch Povlsen. The deal will net ASOS around £118 million in cash and comes amid a wider financial restructuring for the online fashion giant that includes an offering of approximately £250 million in Convertible Bonds due 2028 and a concurrent partial cash repurchase of the outstanding £500 million 0.75% Convertible Bonds due 2026 issued by Cornwall (Jersey). ASOS purchased the Topshop and Topman brands, the former jewels in the crown of the collapsed Arcadia Group Ltd, in 2021 for £265 million. That deal involved the purchased of the brand and online business only and resulted in the closure of all of Topshop and Topman's physical retail stores. The joint venture will grant ASOS certain design and distribution rights for the Topshop and Topman brands in return for a royalty fee to enable it to continue marketing and selling the brands online. Read full article:https://lnkd.in/eafMVQ7R

TOM FORD has announced the appointment of Haider Ackermann as Creative Director. "It is with tremendous pride that I will seek to honor the legacy of Tom Ford, a man I have long admired and have the utmost respect for," said Ackermann. "I am much looking forward to what lies ahead." Tom Ford said, “I have long been a great fan of Haider’s work. I find both his womenswear and menswear equally compelling. He is an incredible colorist, his tailoring is sharp, and above all he is modern. We share many of the same historical references, and I could not be more excited to see what he does with the brand. I suspect that I will be the first on my feet to applaud after his show in March.” Ackermann's first collection will debut at Paris Fashion Week in March 2025. Read full press release: https://lnkd.in/e4UQmsAW

Global apparel retailer UNIQLO has announced the appointment of British designer Clare Waight Keller as its new Creative Director. Waight Keller, the former creative director for renowned fashion houses such as Chloé, GIVENCHY, and Pringle of Scotland, will oversee Uniqlo’s mainline collection, including menswear, starting from the autumn/winter 2024 season. This new role builds on her existing relationship with the retailer, where she has been designing the Uniqlo: C womenswear line since 2023, a collection that features elevated essentials within Uniqlo’s ‘LifeWear’ range. Tadashi Yanai, Fast Retailing Chairman, President and CEO, said: "We are proud to welcome Ms. Clare Waight Keller as the Creative Director of UNIQLO. Along with her exceptional originality and wide-ranging experience, I have been impressed by her excellent sense of balance, which never forgets the perspective of the consumer." I believe that with her, we will be able to evolve LifeWear, the ultimate everyday wear, into something even richer and create clothes that will make our customers even happier." Read full press release: https://lnkd.in/ef2Dy-_F

Burberry has announced the appointments of Jonathan Kiman as Chief Marketing Officer and Laura Dubin-Wander as President, Americas. Jonathan will begin his role in London on September 9, 2024, leading Burberry's global marketing team. He will join the Executive Committee and report directly to Burberry CEO Joshua Schulman. Jonathan comes from Gucci in Milan, where he held several senior positions over 12 years, most recently serving as Chief Marketing Officer. Prior to that, he was Chief Brand Officer at Versace. Laura, based in New York City, will oversee Burberry’s operations in the Americas. She joins the company on September 4, 2024, from OTB North America, where she served as CEO. Laura has held several senior positions, including President of Coach North America, Vice President at Christian Dior Couture, and President of GIVENCHY. Read full press release: https://lnkd.in/ec5ZqwBV

Tara McRae is returning to PUMA Group as the SVP of Marketing and Brand Strategy for North America, effective Aug. 30. She is also a member of the Puma North America senior leadership team. “Puma is a deep love of mine. It was well before I worked for the brand when I was a kid, it was while I worked at the brand, and it has never left me — even being away for eight years.” McRae spent the past four years at Clarks, where she most recently held the position of Global Chief Marketing Officer and Digital Officer. With big aspirations set for her return to the sportswear giant, McRae mentioned that they include elevating the brand—particularly crucial given the increase in competition—and maximising Puma’s strengths. “For me, it’s about maximising the trends that are out there, the ambassadors. And the retail partners are so important. I plan on digging in deep with our partners in the first year and making sure we’ve got the right game plan with all of them.” Read full article: https://lnkd.in/e8vAM2a8

LVMH has secured one of the luxury industry's fastest-rising stars, appointing Miu Miu CEO Benedetta Petruzzo as Managing Director of Christian Dior Couture, effective October 15. Petruzzo will report to Dior CEO Delphine Arnault in the key role, interfacing with the brand’s executive committee, design studios, vast communications infrastructure and commercial teams worldwide. “Benedetta’s talent and leadership will be major assets in the continued development of Dior’s activities and its international influence,” Arnault said in a statement. Petruzzo has overseen a period of explosive growth for Prada-owned Miu Miu since being named CEO of the label in 2020. The brand’s revenues nearly doubled in the first half of 2024 on top of an eye-popping annual growth rate of 58% last year. Read full article: https://lnkd.in/ew5hc3jw