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Business|CEO Interview

Toms' next chapter: CEO Jessica Alsing discusses brand resurgence and global market expansion

Earlier this year, Toms found its new chief executive in Jessica Alsing, the first woman to helm the global footwear brand. Her appointment marked the beginning of a new phase defined by growth, innovation and a renewed take on philanthropic giving, the latter a core pillar in the brand’s legacy. Upon her appointment, Alsing underlined a focus...

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Destination XL merges with FullBeauty as quarterly losses widen

Destination XL Group (DXL) has announced its intention to merge with FBB Holdings I, Inc. (FullBeauty) to create a “scaled, category-defining retailer for inclusive apparel”. The news comes as the commerce retailer of Big + Tall men’s clothing reported widening losses in the third quarter, with consumers said to be shopping less frequently. DXL...

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Lululemon CEO Calvin McDonald to step down amid U.S. challenges

Lululemon Athletica simultaneously announced its third quarter fiscal 2025 financial results and a major leadership transition, confirming that Calvin McDonald plans to step down as chief executive officer and a member of the board of directors, effective January 31, 2026. The board has commenced a comprehensive search for a new CEO. The...

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Tissa Fontaneda raises capital to fund international expansion

Madrid-based, Spanish leather goods brand Tissa Fontaneda is entering its 15th anniversary in 2026 with its first-ever external investor, as it looks to accelerate its international expansion in key markets, including the US and the Middle East. In a statement, Tissa Fontaneda, which has become known for its handcrafted ready-to-wear and...

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