BoF editor-in-chief Imran Amed recaps the week’s top developments in the business of fashion.
CHICAGO, United States – Yesterday, US First Lady Michelle Obama celebrated the 3-year anniversary of ‘Let’s Move,’ her campaign to fight childhood obesity. She was joined by Mark Parker, president and CEO of Nike, who announced that the sportswear giant was committing $50 million to Mrs. Obama’s cause, to be spent on a multi-pronged effort to bring physical activity back to American schools over the next five years.
NEW YORK, United States — Coach Inc. shares rose 5 percent on Wednesday to $48.90 after a DealReporter article said there were rumours among investment bankers that the leather-goods maker was exploring a sale of the company. DealReporter cited two bankers as saying there were rumours Coach was exploring a sale, and a third banker who said Coach was rumored to be exploring strategic options, but was unable to provide specific
The dramatic, public falls-from-grace of Nike brand ambassadors Oscar Pistorius, Lance Armstrong and Tiger Woods should create pause for high-profile brand association in the digital age.
Nike sells Umbro brand to Iconix (FT) “Iconix Brand Group has agreed to buy Nike’s Umbro sports apparel and footwear unit for $225m in cash, marking the fashion brand’s second deal with the US sportswear group.” Accessible Luxury Brands Ride China’s Middle-Class Wave (Jing Daily) “As the battle rages on between high-end and high-street brands in mainland China and Hong Kong, one ongoing trend to watch is the