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Kim Kardashian’s Skims is now worth $5 billion after a massive $225 million funding round led by Goldman Sachs
Yahoo Finance· 2025-11-12 15:11
Core Insights - Skims has secured $225 million in funding led by Goldman Sachs Alternatives, raising its valuation to $5 billion [1] - The company was previously valued at $4 billion in July 2023 and $3.2 billion in January 2022 [2] - Skims reported $750 million in sales for 2023, a significant increase from $500 million in 2022, and became profitable with nearly $713 million in net sales [3] Company Overview - Founded in 2019, Skims started as a shapewear brand focused on body positivity and inclusive sizing, expanding into loungewear, swimwear, and menswear [4] - The brand has established partnerships with the NBA, WNBA, and USA Basketball, and collaborated with Nike to launch a women's activewear line [4] Retail Expansion - Skims is aggressively expanding its retail presence, opening its first permanent store in Georgetown in 2024, with plans for 16 new U.S. stores this year [5] - The company is also expanding internationally, with plans for standalone stores in London and Dubai by mid-2026, and 15 stores in Israel by 2026 [6] Ownership and Demographics - Kim Kardashian retains the largest ownership stake in Skims, estimated at 35%, contributing to her net worth of $1.7 billion [7] - Nearly 70% of Skims' customers are millennials or Gen Z consumers [7]
On Holding shares surge over 20% as sportswear maker hikes outlook
Invezz· 2025-11-12 15:06
Shares of Swiss sportswear maker On Holding surged more than 20% in early trading on Wednesday after the company raised its full-year outlook for the third consecutive quarter, citing continued streng... ...
X @Bloomberg
Bloomberg· 2025-11-12 14:46
Kim Kardashian’s apparel brand Skims is raising new funds at a $5 billion valuation as the company looks to expand its store network and add new products. https://t.co/hUxynR2BBO ...
Columbia Sportswear Company Advances Its Succession Plans and Appoints Co-Presidents, Peter J. Bragdon and Joseph P.
Businesswire· 2025-11-12 13:45
Core Insights - Columbia Sportswear Company has appointed Peter J. Bragdon and Joseph P. Boyle as co-presidents, effective November 12, 2025, as part of its succession planning [2][3] - Peter Bragdon will oversee international businesses and specific brands, while Joseph Boyle will focus on the Columbia brand and its North America business [2] - The leadership changes aim to enhance commercial opportunities and support the company's growth trajectory [3] Leadership Changes - Peter J. Bragdon appointed as President overseeing international businesses, Mountain Hardwear, prAna, and SOREL brands [2] - Joseph P. Boyle appointed as President of the Columbia Brand, overseeing the North America business [2] - Both co-presidents will report to Timothy P. Boyle, who remains Chairman and CEO [2] Strategic Focus - Timothy P. Boyle emphasized the importance of protecting the company's brands and expanding its global footprint [3] - Peter Bragdon has been with the company since 1999 and has played a key role in guiding growth opportunities and managing international distributor businesses in 74 countries [3] - Joseph Boyle is recognized for his role in the Columbia brand's Project Accelerate strategy, which he will continue to drive in the U.S. marketplace [3] Additional Appointments - Richelle T. Luther appointed as Executive Vice President, Chief Administrative Officer, and General Counsel [3] - Jana C. Humble appointed as Senior Vice President and Chief Human Resources Officer [3]
iFabric Corp Delivers Record Q3 2025 Revenue of $9.0 Million, up 111% Year-Over-Year
Accessnewswire· 2025-11-12 11:30
Core Insights - iFabric Corp. reported record revenue of $9,021,607 for Q3 2025, marking a 111% increase compared to Q3 2024 [1] Company Performance - The significant revenue growth reflects strong demand for iFabric's differentiated technologies [1] - The company anticipates continued year-over-year growth in Q4 2025 and throughout 2026 [1]
Sportswear brand On lifts annual targets again amid strong demand
Reuters· 2025-11-12 10:04
Core Insights - On Holding raised its annual revenue target for the third time this year after exceeding quarterly sales and profit expectations [1] - The increase in revenue guidance is attributed to strong demand for its running shoes and sneakers [1] Company Performance - The company reported better-than-expected quarterly sales and profits [1] - The strong performance is linked to the popularity of its footwear products, particularly running shoes and sneakers [1]
Steve Madden2025年第三季度收入同比增长6.9%至6.679亿美元
Cai Jing Wang· 2025-11-12 08:33
Core Insights - Steve Madden reported a revenue increase of 6.9% year-over-year to $667.9 million for Q3 2025 [1] - The gross margin remained stable at 41.5%, while the adjusted gross margin improved to 43.4% from 41.6% in the same period of 2024 [1] - Net income attributable to Steven Madden, Ltd. was $20.5 million, or $0.29 per diluted share, down from $55.3 million, or $0.77 per diluted share in Q3 2024 [1] Financial Performance - Revenue: $667.9 million, a 6.9% increase year-over-year [1] - Gross Margin: 41.5% (unchanged from 2024); Adjusted Gross Margin: 43.4% (up from 41.6% in 2024) [1] - Operating Expenses: 36.8% of revenue, compared to 28.6% in 2024; Adjusted Operating Expenses: 36.4% of revenue, up from 27.9% in 2024 [1] - Operating Income: $31.4 million, representing 4.7% of revenue; Adjusted Operating Income: $46.3 million, or 6.9% of revenue, down from $85.4 million, or 13.7% in 2024 [1] Profitability Metrics - Net Income: $20.5 million, down from $55.3 million in Q3 2024 [1] - Adjusted Net Income: $30.4 million, or $0.43 per diluted share, compared to $64.8 million, or $0.91 per diluted share in 2024 [1]
Nike: Can the Iconic Brand Overcome Its Recent Struggles?
The Motley Fool· 2025-11-12 00:00
Core Insights - The article discusses Nike's current market position and the potential for the brand to regain its previous success or the need to explore alternative options [1]. Group 1: Market Analysis - The analysis includes insights from expert analysts regarding market trends and investment opportunities related to Nike [1]. Group 2: Stock Performance - Nike's stock price was noted to be $NKE +3.87% as of October 1, 2025, indicating a positive movement in the stock [1].
UPCOMING DEADLINE: Faruqi & Faruqi Reminds VFC Investors of the Pending Class Action Lawsuit with a Lead Plaintiff Deadline of November 12, 2025 - VFC
Newsfile· 2025-11-11 23:31
Core Viewpoint - V.F. Corporation (VFC) is facing a federal securities class action lawsuit due to allegations of misleading statements regarding its turnaround plans and the performance of its Vans brand, which has seen significant revenue declines [6][7]. Group 1: Lawsuit Details - The lawsuit claims that VFC and its executives violated federal securities laws by making false or misleading statements about the company's turnaround plans and the necessary actions to restore growth for the Vans brand [6]. - The deadline for investors to seek the role of lead plaintiff in the class action is November 12, 2025 [3]. Group 2: Financial Impact - Following the disclosure of disappointing financial results on May 21, 2025, VFC's stock price dropped from $14.43 to $12.15 per share, a decline of approximately 15.8% in one day [8]. - The reported decline in Vans' growth trajectory worsened from an 8% loss in the previous quarter to a 20% loss in the fourth quarter, with expectations of continued decline [7]. Group 3: Investor Actions - Investors who suffered losses between October 27, 2022, and May 20, 2025, are encouraged to discuss their legal rights and options with the law firm Faruqi & Faruqi [2][10]. - The firm has a history of recovering significant amounts for investors since its establishment in 1995 [5].
Levi & Korsinsky Notifies Shareholders of V.F. Corporation(VFC) of a Class Action Lawsuit and an Upcoming Deadline
Globenewswire· 2025-11-11 21:34
Core Viewpoint - V.F. Corporation is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between October 30, 2023, and May 20, 2025 [1][2]. Group 1: Lawsuit Details - The lawsuit claims that V.F. Corporation made materially false and misleading statements regarding its turnaround plans, particularly concerning the Vans brand, which required significant reset actions to return to growth [2]. - Following the release of V.F. Corporation's fiscal 2025 results on May 21, 2025, it was revealed that Vans' revenue growth had significantly declined, with losses increasing from 8% to 20% in the fourth quarter [2]. - The company attributed its disappointing results to deliberate actions taken to eliminate unprofitable businesses, indicating that even without these actions, Vans would have experienced a high single-digit revenue decline [2]. Group 2: Stock Price Impact - On May 21, 2025, V.F. Corporation's stock price fell from $14.43 to $12.15 per share, marking a decline of approximately 15.8% in one day following the negative news [2]. Group 3: Next Steps for Investors - Investors who suffered losses during the specified timeframe have until November 12, 2025, to request appointment as lead plaintiff in the lawsuit, although participation does not require serving in this role [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees [3]. Group 4: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years and consistently ranking among the top securities litigation firms in the U.S. [4].