North America Archive

BoF Exclusive | Dov Charney’s Next Act

LOS ANGELES, United States — Dov Charney is once again on the edge of something exciting and in the middle of a shitstorm. At first, he refuses to even say the name of his former company, mouthing “American Apparel” across the room as if speaking about a dead, scandalised relative. It’s an indication that he has perhaps, finally, moved on, or least that’s what he …

Under Armour CEO to Sell $72 Million in Stock, Jolting Investors

BALTIMORE, United States — Under Armour Inc. chief executive officer Kevin Plank plans to sell as many as 2.1 million shares in the sportswear company he founded, a stake valued at more than $72 million as of Friday. Plank entered into a prearranged stock trading plan that will be active for nine months starting in October, the company said on Friday in a regulatory filing. If …

The Most Scandalous School in Fashion?

NEW YORK, United States — The Legacy Business School doesn’t welcome its inaugural class of students until October 3, 2016. But the New York City-based institution — which offers courses in fashion and luxury management — is already facing scrutiny for its practices. On August 12, 2016, the New York State Education Department sent a letter to Legacy chief executive Alessandro Nomellini, signed by Leslie E. Templeman, …

Sycamore Partners, Liquidators Bid on Bankrupt Aeropostale

NEW YORK, United States — Bankrupt U.S. teen retailer Aeropostale Inc received bids this week for its business from private equity firm Sycamore Partners, as well as liquidators, firms that wind down businesses, according to people familiar with the matter. Investment firm Versa Capital Management LLC did not submit a bid for the business, the people said. Versa had been preparing a stalking horse offer …

Op-Ed | It's Time to End Beauty As Usual

SANTA MONICA, United States — There is a clash happening in Washington, D.C., and it has nothing to do with the 2016 presidential election. Fuelled by an intense debate over the need for federal regulation of the questionable or potentially harmful ingredients used in many personal care and cosmetics products, the policy fight erupted onto the public stage this week in a New York Times editorial, which …

Misha Nonoo Shifts Sales Strategy, Plans Snapchat Show

NEW YORK, United States — In a strategic shift more than a year in the making, New York-based label Misha Nonoo has terminated its wholesale relationships and will sell exclusively through Mishanonoo.com, which re-launches on August 23. Previously, direct-to-consumer sales made up less than a third of the company’s overall revenue. To support the strategy, Nonoo is embracing Snapchat in lieu of a live presentation …

What Happened to Saint Laurent’s LA-based Team After Hedi Slimane Left?

LOS ANGELES, United States — When news broke that Hedi Slimane had exited Yves Saint Laurent, many wondered about the designer’s next move. Behind the scenes, Slimane’s right hands, as well as the junior and mid-level creatives and business executives he had recruited, were plotting their next moves too. However, many of these employees were based in Los Angeles, where Slimane lives and works most of …

Under Armour Drops Sponsorship of Wife of Hunter Who Speared Bear

TORONTO, Canada —  Under Armour Inc, the athletic clothing company, has ended its sponsorship of the wife and hunting companion of a U.S. hunter who sparked outrage over a video showing him killing a bear with a spear in the woods of Alberta in western Canada. The video, which shows Josh Bowmar impaling the animal with a spear with a camera attached to it, prompted …

Macy’s Hires Toys ‘R’ Us Executive Lennox as Marketing Chief

CINCINNATI, United States — Macy’s Inc. hired Toys “R” Us Inc. executive Richard Lennox as its chief marketing officer, bringing in a department-store industry newcomer to help the chain rebrand itself in a changing retail environment. Lennox, 51, succeeds Martine Reardon, who left Macy’s in May, the Cincinnati-based company said Thursday in a statement. He’ll start on Sept. 15. The move signals Macy’s is willing …

Gap Narrowly Tops Earnings Estimates Amid ‘Signs of Progress’

SAN FRANCISCO, United States — Gap Inc. posted second-quarter earnings that narrowly topped analysts’ estimates, giving hope that the largest apparel-focused U.S. retailer can mount a comeback. Earnings were 60 cents a share in the quarter, excluding some items, the San Francisco-based company said in a statement Thursday. The company said earlier this month that profit would probably be 58 cent to 59 cents, with …